HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. However, this is just the start with many things to do before the status changes to “Closed.” ” What do they mean and how will they affect your home sale? .”

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Point2Homes

DECEMBER 8, 2020

When searching for the ideal home, expect to encounter a few issues along the way, such as homes listed as contingent. But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. How is Contingent Different from Pending?

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Real Trends

DECEMBER 27, 2022

With a little bit of informed vigilance, you will be able to increase your rate of successful closes. Keep reading to learn about the reasons a deal is starting to slip and the warning signs that a deal will never close. How often does a pending home sale fall through? Inspection issues. Asynchronous appraisal.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

Windemere Selling

MARCH 14, 2022

When selling your home, a buyer may make their offer with contingencies attached. Here are some common contingencies you might see in a buyer’s offer and what they mean for you. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

Purchase and sale agreement 52

Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

Redfin

JANUARY 25, 2021

If you’re a first-time homebuyer , buying a home is an exciting time in your life — not to mention a little anxiety-inducing. But after touring dozens of homes and finally finding “the house,” you’re ready to make an offer. 1) Home inspection contingency. 2) Appraisal contingency.

Purchase and sale agreement 79

Purchase and sale agreement Home sale contingency Inspection contingency Title 79

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

Windemere Buying

AUGUST 31, 2022

Imagine a home-buying scenario where you make an offer, the seller immediately accepts, and the two of you move through closing without any hiccups until you have keys in hand. Escalation clauses, bidding wars , and all-cash offers become commonplace as potential home buyers compete for a limited number of listings.

Home sale contingency 52

Home sale contingency Inspection contingency Title Pre-approval 52

HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

Home sale contingency 91

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

The Close

SEPTEMBER 10, 2020

Sellers want to work with buyers they can trust and experience a painless closing. That means you need to open lines of communication with the listing agent to find out exactly what they need and want from the sale. What is the ideal timing they want or need to be out of their home? Include an As-is Home Inspection Contingency.

Home sale contingency 112

Home sale contingency Pre-approval Earnest money deposit Marketing 112

HomeLight

SEPTEMBER 30, 2021

There’s a lot to understand and consider, often in a short amount of time as you list your home or are looking to make an offer on a home. Perhaps you’ve fallen in love with a home that’s under contract with a kick-out clause. Or maybe you’re selling your home and a buyer’s submitted an offer that includes one.

Purchase and sale agreement 92

Purchase and sale agreement Home sale contingency Inspection contingency Sales 92

HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? This means, using the conventional process, you can generally sell your home in as little as 48-75 days. Traditional Sale.

Purchase and sale agreement 86

Purchase and sale agreement Home sale contingency Title search Inspection 86

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado. Quick FSBO overview.

Purchase and sale agreement 99

Purchase and sale agreement Inspection MLS Inspection contingency 99

Redfin

JANUARY 26, 2022

When it comes to a real estate transaction like buying a home , a lot of important paperwork needs to be completed before you can call a home yours. One of these important pieces of paperwork is a purchase and sale agreement. . What is a purchase and sale agreement? Who drafts the purchase and sale agreement?

Purchase and sale agreement 56

Purchase and sale agreement Earnest money deposit Sales Title 56

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% 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. Average home sale price in Florida: $530,419 (Jan 2022).

Purchase and sale agreement 91

Purchase and sale agreement Inspection Title MLS 91

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. Note: Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Arizona. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement 89

Purchase and sale agreement Inspection MLS Inspection contingency 89

Redfin

AUGUST 4, 2021

A listing agent, also known as the seller’s agent, is a real estate agent who represents a home seller in a real estate transaction. A selling agent, more commonly known as a buyer’s agent, represents the homebuyer find a house and guide them through the process of purchasing a home. What is a listing agent? What is a selling agent?

Agents 73

Agents Purchase and sale agreement Inspection contingency Title 73

HomeLight

JUNE 17, 2022

“I think you have a lot of factors but currently in our marketplace, it’s more of a supply and demand,” says DeWayne Carpenter , who has 26 years of experience pricing homes and is recognized as a top-producing agent in the Melbourne , Florida, area. A seller’s market occurs when home inventory is low and competition is high.

Inspection 105

Inspection Pre-approval Inspection contingency Renovation 105

HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

OCTOBER 30, 2020

If you’re looking to buy a home, you’ve probably heard that cash is kind of a big deal in real estate. 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. Why do sellers love cash so much?

Closing 111

Closing Inspection contingency Title search Purchase and sale agreement 111

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?

Purchase and sale agreement 57

Purchase and sale agreement Earnest money deposit Finance Inspection 57

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. Learn More Contingent or pending, you’re under contract!

MLS 92

MLS Backup offer Inspection contingency Purchase and sale agreement 92

HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? In this guide, we’ll take the term “active contingent listing” and break down what it means. Many offers contain contingencies.

Backup offer 77

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 77

HomeLight

SEPTEMBER 10, 2022

Kick-out clauses are often employed when the buyers have to sell their current home first, and the sellers want to continue marketing their home in the meantime. Single Family Homes. A seller is most likely to want a kick-out clause if there’s a contingency to your offer. What is a 72-hour kick-out clause? Teresa Cowart.

Purchase and sale agreement 95

Purchase and sale agreement Home sale contingency Sales Inspection contingency 95

HomeLight

OCTOBER 1, 2020

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). They’re protective clauses you put in your contract with the seller that allow you an out if certain conditions of the sale aren’t met. Appraisal contingency.

Earnest money deposit 95

Earnest money deposit Purchase and sale agreement Sales Home sale contingency 95

HomeLight

JULY 31, 2022

But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Chances are, if you’ve decided that buying a home without an agent is the best choice for you — and you’re reading this — you need some guidance for how to go about the process on your own. You’ve decided it’s time to buy a house !

Earnest money deposit 89

Earnest money deposit Agents Purchase and sale agreement Title 89

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! You’ve found yourself a FSBO home. What is a FSBO home? A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. In fact, 57% of FSBO sellers knew the buyer of their home.

Earnest money deposit 97

Earnest money deposit Purchase and sale agreement Title Inspection 97

HomeLight

JUNE 30, 2021

Even as an agent with over 400 homes under my belt and 11 years of experience, I would never buy in a market in which I’m not licensed without a real estate agent,” says Jessica Arledge , a top agent who works with over 76% more single-family homes than the average Savannah agent. Source: (KAROLINA GRABOWSKA / kaboompics).

Purchase and sale agreement 82

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 82

HomeLight

MARCH 13, 2023

Looking for cash home buyers in Orlando? Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Receive your offer within a week and close in as little as 10 days.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

APRIL 21, 2022

You found your new home and want to avoid carrying two mortgages. It’s an inherited home you’re eager to sell. An experienced agent can guide you on whether or not the offers you receive on your home are worth considering. Therefore, the fewer contingencies tied to an offer, the more likely the deal will reach closing.

Inspection contingency 106

Inspection contingency Home sale contingency Pre-approval Agents 106

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. Knowing how to write a strong offer won’t do you much good if you don’t have the budget to cover it because you’ve been looking at homes way out of your price range. Source: (Andrea Piacquadio / Pexels).

Earnest money deposit 83

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 83