HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Talk to your agent and loan officer about these options.

Closing 102

Closing Purchase and sale agreement Title Home sale contingency 102

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

Closing 104

Closing Purchase and sale agreement Title search Earnest money deposit 104

HomeLight

JANUARY 13, 2022

An active contingent listing means that the seller has accepted an offer from a buyer, but certain conditions haven’t been met yet. These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. Inspection contingencies.

Backup offer 74

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 74

HomeLight

MARCH 16, 2023

Receive your offer within a week and close in as little as 10 days. Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. While some homeowners opt for foreclosure in a distressed situation, others decide to declare bankruptcy.

Sales 63

Sales Purchase and sale agreement Earnest money deposit Investor 63

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. When shopping for lenders, compare first-time home buyer programs , lender requirements, interest rates, and loan terms to make sure you are getting a good deal. Pay attention to the Loan Estimate and Closing Disclosure.

Purchase and sale agreement 70

Purchase and sale agreement Inspection Earnest money deposit Closing costs 70

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

OCTOBER 29, 2020

We’ll review what a contingent offer is and run through a common contingency scenario with the help of Marc Lagrois , a top real estate agent based in Rochester Hills , Michigan, who works with 72% more single-family homes than the average agent in his area. What is a contingent offer? Negotiable contingencies.

Purchase and sale agreement 77

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77