Redfin

MARCH 3, 2022

“Most title companies and attorneys don’t accept personal checks over $500, sometimes less. Make sure you know in advance how you will be getting a bank check or wire transfer, so you’re able to close on time. Clouds on the title. Before you can close the deal, you’ll need to make sure that the title is clear.

Closing 62

Closing Title search Purchase and sale agreement Title 62

HomeLight

JULY 31, 2020

These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Minimizing clouds in a title search requires the seller to be proactive.

Closing 111

Closing Purchase and sale agreement Title search Earnest money deposit 111

HomeLight

NOVEMBER 9, 2021

A buyer using a mortgage will most likely include the following contingencies (all of which have deadlines): Inspection contingency (note: this one is optional and buyers can choose to waive it). Appraisal contingency. Home sale contingency. Mortgage contingency. A title search can take up to 14 days.

Purchase and sale agreement 87

Purchase and sale agreement Home sale contingency Title search Inspection 87

HomeLight

JANUARY 13, 2022

However, your mortgage lender will not loan you more money than a house is worth, so if the appraisal determines that the sales price is higher than the home’s actual value, as the buyer, you’ll need to be prepared to come up with the money to make up any difference. Home sale contingencies. Title contingencies.

Backup offer 79

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 79

HomeLight

JULY 29, 2022

Otherwise, you can arrange for a wire or bank transfer of funds that gets to the closing agent early (most likely via the title company). That likely went right to your lender, so ask to get a copy from either them or directly from the title company. Problem: You have a home sale contingency — and your house hasn’t sold.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104