HomeLight

NOVEMBER 8, 2024

We’ll also share tips on how you can make a strong, non-contingent offer so you’re not stuck in the pending zone. Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want.

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Norada Real Estate

APRIL 15, 2023

Purpose of Under Contract The purpose of the under-contract period is to allow both parties to fulfill any contingencies and prepare for closing. However, the duration can be influenced by several factors, such as contingencies, negotiations, and local regulations. But how long can a house be under contract?

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Redfin

MARCH 18, 2025

The earnest money is typically held in an escrow account – a neutral third party, such as a title company or real estate brokerage, holds onto the funds until the sale is finalized. If your down payment is already covered, the earnest money can help pay for lender fees, title fees, and other closing expenses.

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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?

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RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.”

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Windemere Buying

APRIL 12, 2023

Home Inspector The home inspection is key to the home buying process. Buyers will often include a home inspection contingency in their offer to allow for renegotiation or canceling the contract entirely. It takes a village to purchase a home. Here are ten important people to keep in mind during the process of buying a home.

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Redfin

MARCH 4, 2025

Step 3: Cut back on contingencies Contingencies are designed to protect you, but sellers dislike them because they give you the opportunity to back out of the deal. In a competitive situation, you can ask to do a pre-inspection of the home. So when the time comes to make an offer, you’ll need to know the steps.

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HomeLight

OCTOBER 13, 2021

You need to prove your identity because you will be signing several documents (namely the title and loan documents), which will need to be notarized. In Indiana, if it’s under $10,000, the buyer can bring a certified check made out to the title company. Title documents. Congratulations! Here are 15 important ones to remember.

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Realty Biz

OCTOBER 12, 2021

Another big danger associated with maintenance costs is that it has become increasingly more common for buyers to waive the home inspection contingency to try and get their offer accepted. According to the NAR, 23% of buyers waived inspections in August. Doing so can lead to expensive, unexpected repairs later.

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HomeLight

JULY 31, 2022

You’ve decided it’s time to buy a house ! One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. Find a lender you can trust. Research your ideal neighborhoods.

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Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Help From the Seller.

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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!!!

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HomeLight

JULY 6, 2023

Let’s sort through how potential buyers and their agents view statuses such as “real estate pending” vs. “contingent,” so you can present your home accurately and still meet your selling goals. Learn More Contingent or pending, you’re under contract! Enter the difference between “contingent” and “pending.”

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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.

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Redfin

JANUARY 25, 2021

Before you do, take time to consider all the potential risks and home-buying contingencies that will help protect you as a buyer. Though you can technically add any contingency you want to an offer, here are the 9 most common homebuying contingencies to consider. 1) Home inspection contingency.

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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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HomeLight

SEPTEMBER 1, 2022

While the median price of a home in Connecticut was $361,501 , as of July 2022, housing prices can vary greatly, and those seeking to buy in some of the more sought-after areas might find themselves paying well over one million for their dream home. Let’s dive into the steps of buying a house in Connecticut: 1. Assess your readiness.

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HomeLight

MARCH 2, 2023

This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs.

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HomeLight

SEPTEMBER 1, 2022

And while those are all great perks, there’s a lot more to the Sunshine State than amusement parks and beaches. Florida, which averages 237 sunny days a year (hence the Sunshine State moniker), is known for its generally mild climate and an abundance of outdoor activities. With all these benefits, it makes sense that Florida’s population is booming.

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HomeLight

MARCH 6, 2023

While it’s long been considered a hub for big tech, the Bay Area, which includes San Francisco, Oakland, San José, and Sonoma, is also family friendly, diverse, and rich in arts, culture, and history. The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Looking to Buy Your Dream Home in the Bay Area?

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HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. House inspections, possible renegotiations with the seller, an appraisal, a title review, and approval of your mortgage applications are just some of the events that go on during the closing process.

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HomeLight

MARCH 24, 2022

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation. And that’s not something to give up lightly.

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HomeLight

MAY 17, 2022

You probably won’t be able to get an inspection of the inside of a property before bidding, as sales of foreclosure properties are often sold “as is.” Some auctions do allow interior inspections, so stick with those auctions if you fear buying a dilapidated and rundown property. Step 1: Be clear on why you want to buy a foreclosure.

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HomeLight

JULY 31, 2020

This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency. The seller makes decisions based on the terms of your offer, including contingencies. (No Graves points out that other contingencies are also optional with an all-cash offer.

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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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HomeLight

AUGUST 31, 2020

And you should consider getting some specialty inspections to make extra sure you aren’t buying a money pit, especially with this kind of sale. An REO should be free of liens or other title issues. Others might consider the same properties as slam-dunk bargains. Yes, you may indeed (but not necessarily) get a great deal.

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Point2Homes

DECEMBER 23, 2021

Often, a title company or real estate agent might act as the escrow agent responsible for managing the funds as agreed upon in the contract. Often, a title company or real estate agent might act as the escrow agent responsible for managing the funds as agreed upon in the contract. What is an Escrow? Buyers Escrow. Escrow & Lenders.

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HomeLight

AUGUST 30, 2021

Indeed, rent to own can be a viable option for owning a house… but is it right for you ? In this expert-backed guide, we’ll walk you through the process of getting into a rent-to-own home as a buyer — step by step, from learning about how the process works to closing on that new home. Source: (Bermix Studio / Unsplash). Step 1: Educate yourself.

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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.

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HomeLight

SEPTEMBER 15, 2021

Preliminary title report or “prelim”. Pre-listing inspection report. Contingency removal form (CA-specific). Home inspection report. Affidavit of Title. A new contract can be signed without the old contract, and the new buyer will conduct new inspections and obtain a new title insurance policy.”.

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HomeLight

APRIL 29, 2021

It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. You must pay off your mortgage before you can transfer the title to a new owner.

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HomeLight

MARCH 30, 2021

From area research to title research, we’ll walk you through the process — and provide you with a printable checklist as well. Buying a house is exciting, but before you get carried away dreaming about how you’ll lay out your furniture , don’t forget: This is a legal transaction. What does due diligence mean in residential real estate?

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HomeLight

APRIL 28, 2023

Disclaimer : HomeLight does not provide legal advice. While this is a general guide to selling a house by owner in Texas, we always recommend that you look into the local regulations for your area and consult with a qualified legal professional before taking action. Is a real estate attorney required?

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HomeLight

SEPTEMBER 1, 2020

If your offer is accepted, you start the process of inspections, title checks, and negotiations while securing a mortgage loan and signing the papers when it’s all said and done. Most prospective homebuyers not only want a house that fits them; they’d like a good deal, as well! A date for a foreclosure auction is announced.

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HomeLight

OCTOBER 20, 2022

Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling. The title company or closing agent will generate this document , which calculates your net proceeds. For Sale By Owner (FSBO).

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HomeLight

MARCH 31, 2022

FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale. Disclaimer : HomeLight does not provide legal advice. The seller’s market continues to boom in Florida. Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% Real estate transfer taxes? .

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HomeLight

JANUARY 3, 2023

While this is a general guide to selling a house by owner in Colorado, we always recommend that you look into the local regulations for your area and consult with a qualified legal professional before taking action. Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception.

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