HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist. And it’s true!

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Due diligence Inspection Title Pre-approval 104

Point2Homes

SEPTEMBER 30, 2021

Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. Signs of potential delays, scams or suspicious offers should all raise red flags.

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Pre-approval Proof of funds Inspection contingency Due diligence 98

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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Backup offer Sales Home sale contingency Earnest money deposit 111

HomeLight

AUGUST 27, 2021

Or if the inspector uncovers a mold-related issue during the inspection? It’s in the air, but it doesn’t grow until it lands on something that’s moist.”. As a homebuyer, what are you supposed to do if you love a house but notice a black spot on the wall? And can you even sell a house with mold ? But is it always a deal breaker?

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Inspection Purchase and sale agreement Inspection contingency Due diligence 109

HomeLight

OCTOBER 30, 2020

And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. One of the big benefits of cash that’s constantly touted is that it allows you to remove contingencies from the deal. But is the cash closing process always seamless?

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HomeLight

OCTOBER 29, 2020

And that’s before buyers even start thinking about steps like making a contingent offer. This means buyers need to come prepared with enticing offers and the capacity to quickly follow through, and nothing can sideline an otherwise stable deal like tricky contingencies. What is a contingent offer? Negotiable contingencies.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

JULY 31, 2021

They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains. What you have is a house. What you need is cash. If only there were a way to — poof! Value-add’.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98