HomeLight

JULY 31, 2020

If this problem can’t be resolved, an appraisal contingency in the contract allows the buyer to cancel the agreement and retain their earnest money deposit. Repairs identified in the inspection. Pay the difference out of pocket. Image Source: (Shutterstock.com/kurhan). Problems with the title.

Closing 108

Closing Purchase and sale agreement Title search Earnest money deposit 108

HomeLight

MARCH 16, 2023

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. Real estate investment firms and house-buying companies generally pick up these costs.

Sales 64

Sales Purchase and sale agreement Earnest money deposit Investor 64

HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Negotiable contingencies. Home inspections.

Purchase and sale agreement 78

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 78

HomeLight

JULY 31, 2021

Earnest money deposit. As is the case with a regular retail home purchase, a cash buyer should provide an earnest money deposit (EMD) as a show of good faith that they will indeed purchase the property. Inspection period. Check to make sure the purchase contract contains no surprise contingencies.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Transaction details: the purchase agreement and a copy of your earnest money deposit. Bank statements. Tax returns for the last two years. W-2s or 1099s. Work with an agent.

Purchase and sale agreement 70

Purchase and sale agreement Inspection Earnest money deposit Closing costs 70