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17 Home Closing Delays and How You Can Avoid Them

HomeLight

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.

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

HomeLight

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.

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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: You have a home sale contingency — and your house hasn’t sold. Get it ASAP and look it over thoroughly.

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