Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% Winning offers waived the appraisal contingency at a similar rate—20.6%—up The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. In June, 19.9% up from 17.4%

Inspection contingency 59

Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Real Trends

MARCH 3, 2022

If you have clients that are thinking about offering, keep in mind that the offers we have already received are well above list price, have waived inspection and appraisal, and are willing to honor the Seller’s request of a free 60-day rent-back.”

Agents 103

Agents Due diligence Inspection Rent back 103

HomeLight

APRIL 29, 2021

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey. Open escrow.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

Redfin

FEBRUARY 2, 2021

A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. If you don’t have to use a lender, there’s no financing contingency, which shows the sellers that you will most likely not pull out of the deal due to financial issues. 7) Waive Extra Contingencies.

Pre-approval 63

Pre-approval Purchase and sale agreement Marketing Inspection contingency 63

Redfin

MAY 7, 2021

When making an offer, you’ll want to put the least amount of contingencies on your offer as possible. In a seller’s market, you may be tempted to put an offer on a home that’s contingent on the sale of your current home. You can also consider requesting a rent-back agreement from potential homebuyers.

Purchase and sale agreement 77

Purchase and sale agreement Marketing Equity Loans 77

Real Trends

JULY 15, 2022

The situation in today’s housing market is consistent with that of the previous two years: a lower inventory of houses available for sale than the demand. That said, although houses are still selling, sales have definitely cooled in some areas. There is talk that “the bubble is coming” but this is doubtful at the present time.

Loan Officer 52

Loan Officer Agents Rent back Finance 52

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? If the buyer’s current home sells, the sale of the new home can proceed.

Home sale contingency 100

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 100

HomeLight

JUNE 30, 2021

This is why many buyers make offers on their new home that include a sales contingency. With a sales contingency in your offer, you won’t have to close on your new home unless you’ve sold your old home. But a sales contingency could also make it harder to get an offer accepted. What is a contingency?

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

HomeLight

APRIL 17, 2024

Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. But their differences could make a difference in the success — and profits — of your home sale depending on your selling and moving objectives. When you sell, they deduct the costs from your sale proceeds.

Seller concession 96

Seller concession Inspection Rent back Closing 96

HomeLight

FEBRUARY 28, 2022

“The logistics include timing the purchase and the sale, negotiating with both sides on moving or possession dates, and organizing belongings to get ready for the move,” said Mike Qui, owner of Good as Sold Home Buyers. Juggling the sale of one home and the purchase of another can be stressful even under the best of circumstances.

Equity 124

Equity Debt-to-income ratio Closing Loans 124

HomeLight

MAY 24, 2021

Home sales have skyrocketed, and home inventory is historically low. And that means that buyer with a firm $300,000 budget may in fact be priced out of a home at the exact list price… one that’s destined to get 12 contingency-free offers and sell for $325,000. Can you eliminate contingencies ? Perfect match, right? Not so fast.

Pre-qualification 109

Pre-qualification Pre-approval Purchase and sale agreement Loans 109

HomeLight

OCTOBER 1, 2020

But after the appraisal, the tides have turned — the price initially seemed right, but the appraiser doesn’t feel the same way. Do you know how to negotiate with a seller after a low appraisal? A low appraisal presents an opportunity for you to negotiate with the seller. Figure out why the appraisal is low.

Purchase and sale agreement 95

Purchase and sale agreement Short sale Rent back Sales 95

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

JANUARY 7, 2022

So, instead of stressing your way through two sales, you can set yourself up for success and have your bags packed for your new home in no time. They’ll also introduce you to options, such as a bridge loan or home equity line of credit, to assist in your sale if needed. Do you have a limited amount of time to complete both sales?

Equity 104

Equity Loans Debt-to-income ratio Closing 104

HomeLight

JULY 29, 2022

Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. They’re not offering over [asking price] and they’re not waiving appraisals.”. Transition via rent back. Get Estimate.

Debt-to-income ratio 109

Debt-to-income ratio Loans Rent back Equity 109

HomeLight

APRIL 21, 2022

After listing your home for sale, you eagerly, nervously … anxiously await the news that someone wants to buy it. Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Eventually, the call comes.

Inspection contingency 109

Inspection contingency Home sale contingency Pre-approval Agents 109

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. of the purchase price or appraised value, and borrowers must meet certain income limits, owner-occupy the property, and are required to complete homebuyer education counseling. Loans are between 3%-3.5%

Closing 104

Closing Earnest money deposit Sales Inspection 104

Realtor.com

OCTOBER 29, 2020

Get all contingencies squared away. Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

JANUARY 28, 2022

Not only do they guarantee a cash sale, but they also extend a no-obligation offer and will close on the sale within 30 days. A quick sale is a big plus to working with these buyers, but that sale could cost you in the long run. Need a quick sale? The We Buy Ugly Houses franchise model became available in 1996.

Purchase and sale agreement 109

Purchase and sale agreement Investor Agents Sales 109

HomeLight

FEBRUARY 4, 2022

Source: (LinkedIn Sales Solutions / Unsplash). Coordinate with the closing attorney and seller’s agent to finalize the sale. … Unless you’re a real estate investor who deals with dozens of home sales every year, it’s going to be very difficult to learn as much about real estate as your agent already knows. And lots more!

Agents 105

Agents Purchase and sale agreement Due diligence Inspection 105

HomeLight

SEPTEMBER 11, 2020

Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? No sales contingency? Make sure your agent stresses that your offer doesn’t contain a sales contingency. Outline your contingencies.

Earnest money deposit 92

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 92

HomeLight

MARCH 22, 2021

That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. Price matters but, like, we’ve actually had a sale fail, so, like, these guys just want someone who’s sure and they wanted to close.” I’ve gonna give them free rent back.

Agents 75

Agents Inspection Inspection contingency Pre-approval 75

HomeLight

OCTOBER 12, 2020

That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. Price matters but, like, we’ve actually had a sale fail, so, like, these guys just want someone who’s sure and they wanted to close.” I’ve gonna give them free rent back.

Agents 98

Agents Inspection Inspection contingency Pre-approval 98

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Stressed About a Quick Job Move? Get Estimate.

Purchase and sale agreement 117

Purchase and sale agreement Equity Agents Staging 117

HomeLight

OCTOBER 5, 2020

But then again, with some new listings, if the price, location, and condition are right, the sale kind of is like an auction, isn’t it? Things like waiving repairs, waiving the appraisal contingency. I want the curtains and I’m not gonna give them a rent back.” But what about the flip side?

Agents 88

Agents Backup offer Inspection Closing 88

HomeLight

MARCH 15, 2021

But then again, with some new listings, if the price, location, and condition are right, the sale kind of is like an auction, isn’t it? Things like waiving repairs, waiving the appraisal contingency. I want the curtains and I’m not gonna give them a rent back.” now with the lady and now 700.

Agents 80

Agents Backup offer Inspection Closing 80

Realty Biz

MAY 16, 2022

With so few homes for sale, buyers are fighting over each property that hits the market. Waive The House Appraisal. When prices are going so far over asking there is bound to be appraisal issues. One of the reasons a cash offer is so appealing is because a seller doesn’t have to worry about appraisal issues.

Earnest money deposit 98

Earnest money deposit Purchase and sale agreement Rent back Inspection 98

HomeLight

DECEMBER 15, 2022

They may already be feeling emotional about selling a childhood home , or there could be disputes about the sale proceeds. Pre-foreclosure or short sale transactions. Someone facing a foreclosure or who has negotiated a short sale with their lender could have a very negative reaction. Again, emotions may be high.

Inspection 99

Inspection Closing Rent back Agents 99