Dwell Real Estate

JULY 10, 2020

Earnest money remains in an escrow account or with the title company until the real estate sale closes. And, if everything goes off without a hitch, that earnest money is transferred from escrow and put toward the buyer's down payment and closing costs. So you can't lose earnest money put up in good faith, right? Not usually.

Earnest money deposit 40

Earnest money deposit Inspection contingency Purchase and sale agreement Pre-approval 40

Dwell Real Estate

JULY 10, 2020

Earnest money remains in an escrow account or with the title company until the real estate sale closes. And, if everything goes off without a hitch, that earnest money is transferred from escrow and put toward the buyer's down payment and closing costs. So you can't lose earnest money put up in good faith, right? Not usually.

Earnest money deposit 40

Earnest money deposit Inspection contingency Purchase and sale agreement Pre-approval 40

HomeLight

JULY 31, 2020

These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. Loan approval. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. How it can delay closing. How it can delay closing.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

HomeLight

AUGUST 31, 2021

From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan.

Due diligence 77

Due diligence Inspection Pre-approval Pre-qualification 77

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Clear the title.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Redfin

FEBRUARY 10, 2021

Well, it’s not only the difference between getting a low-interest rate on a home loan versus a high one, but it will also directly impact how much a bank or lender will loan you. Banks like to see a healthy savings account and other investments or assets (i.e. Home Inspection Fee. Closing costs*. Geological study.

Debt-to-income ratio 75

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 75

HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

Sales 80

Sales Investor Due diligence Renovation 80