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

HomeLight

JUNE 9, 2023

Oftentimes, if you have the choice between a mortgage backed or cash offer, cash is king — though cash buyers pay 11% less on average compared to mortgaged buyers, studies show. In other words, the deal will only go through if and when the buyer’s home sale closes, putting your home sale in limbo.

Home sale contingency 142

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 142

RIS Media

APRIL 8, 2022

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. If the house doesn’t get sold in the stipulated time, the sale can fail to materialize.

Debt-to-income ratio 144

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

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? The purchasers will not get this cashback if they back out of the offer unless defined in the agreement. Normally, buyers will default to 1% of the purchase rate.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98