HomeLight
NOVEMBER 9, 2021
In this article, we explain the factors that affect the momentum of a home sale with the help of Danielle Hernandez , a top real estate agent and team member with the Oldham Group in the California Bay Area. How it might take 12-75 days to sell your home. Condition of your home. Buyer’s financing method.
HomeLight
JULY 31, 2020
Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. So the answer to “how long does it take to close on a house?”
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Redfin
MARCH 3, 2022
Financing issues. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. To avoid potential issues or delays, Western Title Company recommends informing your title or settlement agent of any IRS tax liens or bankruptcies that involve the seller or the property.
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.
HomeLight
JUNE 30, 2021
There are a number of factors to consider, and you’ll need to assess your finances and take your priorities into account. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.
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