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.

Purchase and sale agreement 135

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

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

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!

Closing 111

Closing Inspection contingency Title search Purchase and sale agreement 111

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?

Purchase and sale agreement 95

Purchase and sale agreement Home sale contingency Sales Inspection contingency 95

HomeLight

JULY 29, 2022

First, when deciding to purchase a home, you’ll naturally try to make sure you’re at a stable point in your career. 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.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

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

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. Need to Sell Your House Fast in Orlando? No showings, no repairs, no open houses.

Sales 81

Sales Investor Due diligence Renovation 81