HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. is not a simple or finite one.

Closing 109

Closing Purchase and sale agreement Title search Earnest money deposit 109

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. What does active contingent mean?

Backup offer 73

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 73

HomeLight

OCTOBER 29, 2020

And that’s before buyers even start thinking about steps like making a contingent offer. Choosing a qualified agent and searching for the perfect home in terms of ideal size, location, price, and condition can already feel like a journey, but making an offer on a property is when the challenge really begins. Home inspections.

Purchase and sale agreement 78

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 78

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: Wire fraud (money goes missing).

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

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. In addition, these properties allow for multiple exit strategies for investors, including flips, short- or long-term rentals, or wholesales.”.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98