Housing Wire

FEBRUARY 14, 2024

Consequently, 37% of homeowners say they want to move but are staying in their current home. Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies. Calque provides homeowners with a Purchase Price Guarantee (i.e.,

Backup offer 418

Backup offer Loan Officer Home sale contingency Branding 418

HomeLight

JUNE 9, 2023

If the appraisal comes in low, you’ll need to negotiate a lower sale price, ask if the buyer can make up the difference in cash, or challenge the first appraisal if there’s reason to believe it was flawed. According to NAR, 78% of recent buyers financed their home purchase in 2019, making this contingency incredibly common.

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

Point2Homes

DECEMBER 8, 2020

As the buyer works to meet these contingencies, other potential purchasers can view the property and make offers — but the offers will be put into what is called “backup status.” A backup offer is not uncommon in real estate sales. Common Contingencies Found in Real Estate Contracts.

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Realty Biz

NOVEMBER 11, 2020

Understanding how a home inspection works is essential for both buyers and sellers, given the importance of this real estate transaction phase. Home Sale Contingency. If the buyer still needs to sell their home before they can close on the new property, a home sale contingency can be put in place.

Backup offer 111

Backup offer Sales Home sale contingency Earnest money deposit 111

RIS Media

APRIL 8, 2022

Other factors can also put a home back on the market. 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. Is it worth it to buy a contingent home?

Debt-to-income ratio 144

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

RIS Media

MAY 19, 2021

The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. Not all sales will have contingencies with them, but most will. The home inspection can lead to some delays in the process, too, for around 10% of cases. Home Sale Contingencies.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Windemere Selling

NOVEMBER 30, 2022

Pending: When a home is listed as “pending” it means the seller has accepted the buyer’s offer and the sale will most likely be finalized after a successful final inspection and the buyer securing financing. What does contingent mean in real estate? Image Source: Getty Images – Image Credit: xavierarnau.

Purchase and sale agreement 52

Purchase and sale agreement Backup offer Home sale contingency Inspection 52