Remove Bankruptcy Remove Finance Remove Inspection contingency Remove Purchase and sale agreement
article thumbnail

How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Buyer’s financing method. Traditional Sale.

article thumbnail

17 Home Closing Delays and How You Can Avoid Them

HomeLight

There’s a house for sale that you want to buy. Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property.

Closing 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Inspection contingencies.

article thumbnail

Here’s How You Can Make an Offer On a House Without a Realtor® in 9 Steps

HomeLight

There’s more that goes into making an offer besides landing on a purchase price. There are a number of factors to consider, and you’ll need to assess your finances and take your priorities into account. This is usually the biggest purchase and sale someone makes in their life. Financing contingency.

article thumbnail

Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales 67
article thumbnail

Eliminating Stringent Contingencies: How to Make a Contingent Offer Stronger

HomeLight

As the term implies, a contingent offer proposes a deal that can only be brought to fruition if certain conditions are met. As you’d likely imagine, some contingencies are negotiable, while others simply are not. Home inspections. Buyer financing. So can a financing contingency be negotiable?

article thumbnail

21 Dos and Don’ts When Buying a Home

HomeLight

For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Line up financing. Bank statements. Tax returns for the last two years.