Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. This ensures that the value of the deal is in sync with the sale price. Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency. Asynchronous appraisal.

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Sales Home sale contingency Pre-approval Inspection 60

Redfin

MARCH 3, 2022

Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved.

Closing 62

Closing Title search Purchase and sale agreement Title 62

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. Home sale contingency. Short sale.

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Closing Purchase and sale agreement Title search Earnest money deposit 107

HomeLight

NOVEMBER 9, 2021

A buyer using a mortgage will most likely include the following contingencies (all of which have deadlines): Inspection contingency (note: this one is optional and buyers can choose to waive it). Appraisal contingency. Home sale contingency. Mortgage contingency. Getting a pre-inspection.

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Purchase and sale agreement Home sale contingency Title search Inspection 83

HomeLight

JUNE 23, 2022

It is simply a period of time that the buyer sets to secure financing approval from a lender for the purchase of the home. However, the seller-focused Kick-Out Clause allows the seller to continue marketing the home and receiving offers. Buyer’s current home doesn’t sell in time.

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 105

HomeLight

MARCH 21, 2022

Generally trade-in companies will offer to buy your current home, freeing up your funds to buy a new home and removing the need for a home sale contingency. Example home trade-in companies: HomeLight Trade-In. Some home-buying companies focus on purchasing houses in specific regions, states, and cities.

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Closing costs Home sale contingency Investor Closing 93

HomeLight

MARCH 13, 2023

They need to sell quickly to stop foreclosure or stop a tax sale,” says Joseph. When time is of the essence, a cash sale could be the quickest solution. 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.

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Sales Investor Due diligence Renovation 79