article thumbnail

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

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: Seller disclosures reveal something the buyer can’t accept. Problem: You have a home sale contingency — and your house hasn’t sold.

Closing 104
article thumbnail

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

HomeLight

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.