HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

Closing 104

Closing Purchase and sale agreement Title search Earnest money deposit 104

HomeLight

MAY 24, 2022

Sellers tend to prefer all-cash offers because those deals close more quickly. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. With a cash sale, you can skip a few steps in the typical closing process.

Purchase and sale agreement 99

Purchase and sale agreement Closing Title search Title 99

HomeLight

JULY 31, 2021

The bills are stacking up or perhaps you lost some income recently, and the money tied up in your home would help a ton at a time like this. turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. If only there were a way to — poof!

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

SEPTEMBER 1, 2022

Appraisers base their reports on recent sales, but the purchase price data they use could be a few months old as most prices are negotiated well before the sale actually closes. Perhaps the appraiser couldn’t find recent sales in the area that closely matched the home being appraised, so the results are off.

Purchase and sale agreement 75

Purchase and sale agreement Earnest money deposit Short sale Loans 75

HomeLight

OCTOBER 1, 2020

What’s it really like to negotiate with a bank? What happens if the copper plumbing is stolen out of the house between the offer and close? They hadn’t been specifically looking for foreclosures when they found the bank-owned property back in 2015, but it was an amazing deal. “It Moving on after divorce.

Purchase and sale agreement 54

Purchase and sale agreement Banks Earnest money deposit Equity 54

HomeLight

OCTOBER 29, 2020

We’ll explore what buyers can do to help strengthen a contingent offer and secure a spot at the closing table. This indicates to the seller that you’ve been qualified to secure funding, and proves that you’re serious about buying since you’ve already gone to the trouble of talking with a bank. Sales contingency.

Purchase and sale agreement 77

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

The Close

DECEMBER 29, 2022

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. This is when the seller signs over all rights and obligations related to a property to the buyer before the actual closing.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98