Remove As-is Remove Loan contingency Remove Mortgages
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What Does Removing the Loan Contingency Mean for Homebuyers?

HomeLight

If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?

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What Is a Mortgage Contingency? Purchase Offer Protection

HomeLight

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. A common worry among homebuyers is to find the perfect house, put down a deposit with an accepted offer, and then learn that your mortgage application is denied — you lose both the house and your earnest money. How does a mortgage contingency work?

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How Long Can a House Be Contingent?

HomeLight

Contingent listings can be puzzling and sometimes frustrating — especially when you’re searching for your dream home. In this post, we’ll unpack real estate contingencies, clarify the difference between contingent vs. pending, and explain how long a house might remain labeled as contingent. Why Move Twice?

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I Need to Sell My House Fast in Boise: What Are My Options?

HomeLight

The process of a cash offer in Boise In a cash sale , the buyer has the funds ready to go, allowing you to bypass the waiting period and potential delays that come with traditional mortgage approvals. Once you accept, you can close the sale swiftly, as there are no inspections or loan contingencies to hold up the process.

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What Do Cash Buyers Look for in Real Estate?

Realty Biz

This is someone who wants to buy a property with an all-cash bid, eliminating the need for a mortgage or other financing solution. Property sales often involve several contingencies , but cash buying can eliminate some, making things easier. For example, there's no need for a loan contingency (mortgage contingency).

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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

The data show that consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. Buyers using a mortgage needed to make offers on seven houses before winning the bid. The Rapid Rise of Power Buyers. submitted offers before successfully purchasing a home.

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How To Buy and Sell a Home at the Same Time—in Today’s Haywire, High-Interest Rate Housing Market

Realtor.com

Yet any homebuyer out there today will also face steep mortgage interest rates, which have more than doubled over the past year to the 7% range. Most sellers who move would need to get a new mortgage, at a higher rate. Can I handle the possibility of two mortgage payments—and if so, for how long? ® Chief Economist Danielle Hale.

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