Point2Homes

DECEMBER 7, 2020

Image: Andy Dean Photography / Shutterstock.com. If your ability to afford the mortgage payments on the home you want to buy is causing you concern, buying a foreclosure home may make a lot of sense. Plus, it will also allow you to get more for your money — which could enable you to get to live in the neighborhood you really want.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

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. 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.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

DECEMBER 31, 2020

A kick-out clause gives you the right to continue showing the home during the contingency period. If you receive another offer, your original buyer will have a certain period of time (usually 24, 48, or 72 hours) to remove the contingency holding up escrow. What does “sale pending” mean? You’re locked into the contract once you sign.

Closing 104

Closing Backup offer Sales Inspection 104

HomeLight

MAY 28, 2021

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. Source: (Max Murauer / Unsplash).

As-is 71

As-is Inspection Title search Inspection contingency 71

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?

Closing 111

Closing Inspection contingency Title search Purchase and sale agreement 111

HomeLight

JULY 26, 2022

In a best case scenario, negotiations go smoothly, the inspection doesn’t reveal any major issues, the appraisal comes in right where it should, and the whole process is very efficient (we’ll get into what could create some hiccups later on). Is it a yard sale? A political sign? A contractor’s information? No…it’s a for sale sign!!!

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? Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Need to Sell Your House Fast in Orlando? Receive your offer within a week and close in as little as 10 days. million people by 2030.

Sales 81

Sales Investor Due diligence Renovation 81