HomeLight

MAY 24, 2022

A cash sale: Start to finish. Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. With a cash sale, you can skip a few steps in the typical closing process. Bankruptcy.

Purchase and sale agreement 99

Purchase and sale agreement Closing Title search Title 99

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. Problems with the title. Additional remediation required by the title company may take more time beyond the closing date, causing a contract extension.

Closing 104

Closing Purchase and sale agreement Title search Earnest money deposit 104

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. Step 7: Clear the title. Step 8: Close the deal and receive your cash.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

OCTOBER 29, 2020

If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk. Non-negotiable contingencies, on the other hand, can derail or significantly delay a sale. Title and lien contingencies. Short sale or bank approval contingencies.

Purchase and sale agreement 77

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