RIS Media

APRIL 8, 2022

Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. While financing may be pre-approved, the process is complex. Placing a purchase offer on a contingent home.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

RIS Media

APRIL 18, 2022

Getting rid of the mortgage financing clause in their offer. You may see some of these things or all of them before making an offer. It will help tailor your offer when the time comes. It may make sense to put in a backup offer when you’re not the winning bidder. Get pre-approved for a mortgage.

Pre-approval 112

Pre-approval Backup offer Due diligence Rent back 112

Realty Biz

NOVEMBER 11, 2020

When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. The Mortgage Financing Contingency. Can you Make an Offer on a Contingent Home?

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. It’s also true that most real estate contracts, even those with contingencies, end up closing. Purchase mortgages today are taking over 40 days to close on average.

Home sale contingency 140

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 140

The Residential Specialist

DECEMBER 31, 2020

With many restaurants, stores and other businesses closed, people also aren’t going out as much and realize they want more from their homes, whether it’s an updated kitchen or space to spend time outside. It includes information such as price, amount of money down, percent and type of financing—all the key, fundamental points that we need.

Backup offer 98

Backup offer Pre-approval Agents Banks 98

Windemere Buying

JUNE 22, 2022

Making an offer on a house feels like a reason to celebrate. You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. So, what happens after you make an offer on a house? Now you’re ready to close!

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

NOVEMBER 1, 2021

It’s likely that you will sell your home to a buyer who will finance the purchase with a mortgage. According to the National Association of Realtors (NAR), 87% of home buyers finance property purchases with a mortgage. The inability of the buyer to secure financing is one of the most common reasons for a pending sale to fail.

Purchase and sale agreement 89

Purchase and sale agreement Proof of funds Backup offer Finance 89