HomeLight

JUNE 23, 2022

In this guide, we’ll outline the scenarios where you’re vulnerable as a seller, where you’re in the right to claim the earnest money due to the buyer failing to uphold their end of the contract, and what things you can do to protect yourself against the risk of a buyer pulling out at the last moment. 5k for a $500K home).

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 105

Realtor.com

DECEMBER 3, 2020

Natee Meepian/Getty Images For first-time home buyers, finding the perfect place to settle down is hard enough. Having your home offer rejected doesn’t have to mean it’s back to renting. Here are a few common reasons your home offer might have been rejected, and a few helpful tips on what you can do about it.

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Earnest money deposit Due diligence Home sale contingency Agents 145

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?

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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?

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 93

Realty Biz

APRIL 17, 2023

You must put up an earnest money deposit when you buy a home. Home Inspection Results Buyers unsatisfied with the home inspection results can terminate the real estate transaction and get their earnest money refunded. Furthermore, it's also important for buyers to do their due diligence on the property before signing a contract.

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Earnest money deposit Purchase and sale agreement Home sale contingency Title 66

Realty Biz

FEBRUARY 20, 2021

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. Most buyers will have a home inspection contingency in their contract.

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Purchase and sale agreement Inspection contingency Earnest money deposit Home sale contingency 135

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. 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 would you run into financing issues if you’re buying a home in cash?”. Because it’s fast. Not always!

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