Housing Wire

FEBRUARY 14, 2024

Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments.

Backup offer 358

Backup offer Loan Officer Home sale contingency Branding 358

HomeLight

MARCH 20, 2023

After all, few people can afford to hold two mortgages. At the same time, it usually does not make sense for buyers to sell their home without having a new one lined up to move into. So what options does that leave for the homebuyer who must also be a home seller ? Find a Buyer's Agent What is a home sale contingency?

Home sale contingency 91

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 91

First Team Real Estate

DECEMBER 7, 2020

Having several offers on your home is fantastic, however, how do you guarantee you pick the very best deal and don’t miss out on an even better one? Any contingency consisted of in the agreement needs to be kept in mind and thought about. In a competitive market, homebuyers may offer to pay more than their normal share.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98