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.

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 144

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.

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Backup offer Sales Home sale contingency Earnest money deposit 110

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?

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