HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

HomeLight

JUNE 30, 2021

There’s more that goes into making an offer besides landing on a purchase price. This is usually the biggest purchase and sale someone makes in their life. Remember, your offer becomes your legally binding purchase contract. Step 1: Land on your offer price. Financing contingency. Where is the house?

Purchase and sale agreement 82

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 82

HomeLight

OCTOBER 29, 2020

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. So can a financing contingency be negotiable? Sales contingency.

Purchase and sale agreement 79

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

JUNE 30, 2022

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.

Purchase and sale agreement 73

Purchase and sale agreement Inspection Earnest money deposit Closing costs 73