HomeLight

NOVEMBER 9, 2021

A buyer using a mortgage will most likely include the following contingencies (all of which have deadlines): Inspection contingency (note: this one is optional and buyers can choose to waive it). Appraisal contingency. Home sale contingency. Mortgage contingency.

Purchase and sale agreement 92

Purchase and sale agreement Home sale contingency Title search Inspection 92

HomeLight

JULY 31, 2020

There are many issues that can arise from a title search on a home for sale — some small, some big — that must be addressed before the property can be legally transferred to the new owner. Home sale contingency. This is a safeguard for the seller if they find another buyer who is ready to purchase the home.

Closing 114

Closing Purchase and sale agreement Title search Earnest money deposit 114

Redfin

MARCH 3, 2022

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. A common contingency is the home sale contingency, which means the buyer’s offer is contingent upon selling their current home.

Closing 61

Closing Title search Purchase and sale agreement Title 61

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. Zoning contingencies.

Backup offer 84

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 84

HomeLight

JULY 29, 2022

There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. Problem: You have a home sale contingency — and your house hasn’t sold. Get it ASAP and look it over thoroughly.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

JUNE 30, 2021

An appraisal contingency allows the homebuyer to back out of the contract if the purchase price is more than the appraised value. Home sale contingency. With a home sale contingency , the transaction is contingent on the sale of the buyer’s home. Zoning contingency.

Purchase and sale agreement 88

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 88