Real Trends

JANUARY 25, 2023

“Now, any lender or agent has the ability to supercharge virtually any conventional or jumbo mortgage with a no-interest equity advance loan from Knock to receive the benefits of the Knock Home Swap,” says the statement. However, FHA and VA home loans are not eligible for the program.

Finance 57

Finance Backup offer Agents Equity 57

HomeLight

JUNE 9, 2023

average % of contracts with an appraisal contingency: 80% Financing contingency Also known as mortgage contingency , the financing contingency states that the buyer can back out of the deal if they can’t get their loan to go through. However, you can still accept backup offers from prospective buyers.

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

HomeLight

OCTOBER 11, 2021

The homeowner could also have over-extended themselves with home equity loans or lines of credit, or the property might have some kind of financial lien placed against it, all of which can result in the owner being “underwater” on the home’s value vs. what is owed.

Short sale 101

Short sale Sales Banks Backup offer 101

HomeLight

DECEMBER 31, 2020

Benjamin Shrauner , a Kansas City-based real estate investor who has been featured in USA Today , says it’s possible to conduct your own comps analysis to get an approximate value. Find out what a cash buyer would offer. You want to have a “backup offer” in case the regular listing process doesn’t work out.

Backup offer 119

Backup offer Sales Agents Finance 119