HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

Closing 104

Closing Backup offer Sales Inspection 104

HomeLight

JANUARY 13, 2022

Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. Common types of contingencies. Inspection contingencies.

Backup offer 77

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 77

Toronto Realty Blog

NOVEMBER 3, 2021

In that 2019 blog post, I explained what happens when a buyer, after signing a firm agreement of purchase and sale, doesn’t show up with the deposit the next day. This was their opportunity to buy their next house in cash and bank savings that would set them up for the rest of their lives. The sellers were estatic.

Purchase and sale agreement 96

Purchase and sale agreement Closing Backup offer Agents 96