Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Help From the Seller.

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Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. Let's look at what you need to know about home inspection negotiations.

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HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

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HomeLight

SEPTEMBER 22, 2020

You’ve got an incredible opportunity to make the most of this deal, if only you can avoid tripping up before closing. The “best” component refers to all the other terms included in a contract that can be tweaked to sweeten the deal — such as waived contingencies , putting down more cash upfront , or offering a more flexible closing date.

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RIS Media

MAY 19, 2021

However, this is just the start with many things to do before the status changes to “Closed.” ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Contingent vs. Pending? Appraisal Contingencies.

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Point2Homes

DECEMBER 23, 2021

As a buyer, you’ll be required to pay a deposit that will go into an escrow account. Therefore, holding the buyer’s funds in escrow encourages them to continue with the deal because their money is at risk. It can also be used toward the down payment or to cover other costs at closing. What is an Escrow? Buyers Escrow.

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First Team Real Estate

AUGUST 8, 2021

Approximately 25% of all escrows fall through because of inspection contingencies, lending hiccups, appraisal surprises, and more. That’s why accepting backup offers can be a great way to tip the odds in your favor and ensure you close as quickly as possible. of offers faced bidding wars. What is a backup offer?

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Redfin

JANUARY 26, 2022

PSAs can vary by state but they typically consist of the final sale price, earnest money details, closing date, title information, and contingencies agreed upon by the buyer and seller. In states where escrow agents handle the closing process, the buyer’s agent is responsible for preparing the PSA document.

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The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Offer a Sizeable Down Payment Make a big impression by offering a large earnest money deposit (EMD) to hold the contract. That’s just 2% on a $250,000 home.

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HomeLight

NOVEMBER 29, 2021

You’ve found the house of your dreams, your offer has been accepted, and you’re ready and eager to reach the closing table. But first, you have to sell your old home, potentially secure financing, and secure a home appraisal (and likely an inspection) on your new house. Do contingencies benefit homebuyers?

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CT Homes

OCTOBER 30, 2020

Being aware of of these slight differences and knowing what to expect next in the transaction will help you plan, manage expectations, and clear potential hurdles for an easy closing. The longer a buyer has been investing the more likely they are to close! Here are six steps to consider when selling your home to a cash buyer!

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CT Homes

OCTOBER 30, 2020

Being aware of of these slight differences and knowing what to expect next in the transaction will help you plan, manage expectations, and clear potential hurdles for an easy closing. The longer a buyer has been investing the more likely they are to close! Here are six steps to consider when selling your home to a cash buyer!

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Realtor.com

SEPTEMBER 18, 2020

We got lucky, but it left me wondering: Is it ever OK to waive a home inspection? Should you ever waive a home inspection? But waiving a home inspection comes with sizable risks. The risks of waiving a home inspection. ” Why people are waiving home inspections during the COVID-19 era.

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Realty Biz

NOVEMBER 11, 2020

For example, if a home sale is contingent or pending, can you still make an offer? Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. For example, some agents will mark your home contingent, while others will mark pending. What does Contingent Mean?

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HomeLight

APRIL 28, 2023

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Real estate attorneys are not considered essential for closing in Texas. That 6% is deducted from the seller’s proceeds at closing. Unsure about selling FSBO in Texas?

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HomeLight

JANUARY 3, 2023

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Real estate attorneys are not considered essential for closing in Colorado. That 6% is deducted from the seller’s proceeds at closing. Real estate transfer taxes: 0.01%.

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The Close

SEPTEMBER 10, 2020

Sellers want to work with buyers they can trust and experience a painless closing. For most sellers, the fear of a buyer’s financing falling through and not getting to the closing table. Working closely with a lender should be mandatory before showing any homes. Include an As-is Home Inspection Contingency.

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HomeLight

JANUARY 10, 2023

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Disclaimer : HomeLight does not provide legal advice. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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HomeLight

MARCH 31, 2022

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Real estate attorneys are not considered essential for closing in the state of Florida. That 6% is deducted from the seller’s proceeds at closing. Real estate transfer taxes? .

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HomeLight

MARCH 31, 2022

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Real estate attorneys are not considered essential for closing in the state of Arizona. That 6% is deducted from the seller’s proceeds at closing. 2022 , a 28.5%

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HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. An agent’s job is to advocate for you and save you money during the complicated process of buying a home. Ready to hit the market, buy your dream home and conquer this whole homeownership thing? Hiring an agent.

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Redfin

MARCH 2, 2023

One important concept that all homebuyers should be familiar with though is the appraisal contingency. In this guide, we will explore what an appraisal contingency is and how it can impact your homebuying journey. What is an appraisal contingency? What is a contingent offer? How does an appraisal contingency work?

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HomeLight

OCTOBER 30, 2020

But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. Because it’s fast.

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HomeLight

MARCH 6, 2023

The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more.

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HomeLight

JULY 26, 2022

Knowing that they will save money by not paying the listing agent’s commission, a seller might list their home at a lower price than they would if they had hired an agent. When both parties work with agents, you’ll likely go through them to schedule showings, inspections, appraisals, and offer submissions. Is it a yard sale?

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HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. 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.

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HomeLight

SEPTEMBER 11, 2020

That means buyers who want to close a deal need to come prepared with their A-game when it comes to making an offer. Yes, writing a high offer will incentivize the seller, but money isn’t the only factor! Even a pandemic failed to slow down the 2020 real estate market. What are some making-an-offer-on-a-house tips that they can follow?

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HomeLight

OCTOBER 1, 2020

Will you lose your deposit? You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). So as a buyer, you should have a contingency in your contract to protect you in case you can’t get proper financing for the home.

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Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. Get all contingencies squared away. Clear the title.

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HomeLight

JULY 31, 2022

You’ve decided it’s time to buy a house ! One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. Find a lender you can trust. Research your ideal neighborhoods.

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HomeLight

AUGUST 9, 2022

Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. But that doesn’t mean the money will leave your account just yet. So the down payment is due at closing?

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HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Homebuyers in Connecticut pay an average of just over $2,700 in closing costs when purchasing a home.

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HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. And while those are all great perks, there’s a lot more to the Sunshine State than amusement parks and beaches.

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HomeLight

JUNE 30, 2021

When you closed on your first home, you probably weren’t thinking that one day you’d want to sell. Getting the timing right — selling your old house, closing on a new house, and then moving into your new house — can be a challenge. This is why many buyers make offers on their new home that include a sales contingency.

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HomeLight

JULY 29, 2022

Home appraisals serve to help buyers avoid overpaying for a property and help the lender avoid lending a buyer more money than the home is worth. And, there are a lot of steps to the process that may seem surprising or unexpected. You may be wondering — when is the appraisal done when buying a home? Let’s dive into what you need to know.

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HomeLight

MARCH 20, 2023

Find a Top Agent With Experience in Home Sale Contingency Offers If you are considering a home sale contingency, you’ll want a top agent by your side when you make the offer. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 91

HomeLight

JUNE 30, 2022

Be sure to also compare closing costs such as application fees, appraisal fees , and origination fees. You’re excited to buy your first house. It is one of the biggest decisions you will ever make, and you want everything to go just right. Buying a home is a huge accomplishment and a goal for many Americans — In fact, 65.4%

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