HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? Source: (Freedomz / ShutterStock).

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Short sale Sales Purchase and sale agreement Banks 103

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.

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Closing Purchase and sale agreement Title search Earnest money deposit 110

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The home appraisal is lower than the sale price. Financing issues.

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Closing Title search Purchase and sale agreement Title 62

HomeLight

JUNE 19, 2023

It’s a plot of land. It makes you wonder: what’s the process for buying land with cash? Tell us a little bit about your plans (where you’re looking to buy and when you want to make a purchase) and we’ll connect you with top-rated buyer’s agents in your area. This isn’t the Land Rush of 1889.

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Land Proof of funds Purchase and sale agreement Title 108

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. The title isn’t clear. Not always!

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Closing Inspection contingency Title search Purchase and sale agreement 111

HomeLight

OCTOBER 29, 2020

Because the stakes are high when it comes to property transactions, contingencies are written into the purchase agreement , and in most cases, action must be taken toward satisfying those contingencies within a certain time frame. In these cases, buyers make up the difference between the purchase price and the appraisal with cash.

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

HomeLight

FEBRUARY 16, 2023

Maybe you’ve landed a new job in another city, and the employer wants you to start right away. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

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Purchase and sale agreement Closing costs Closing Investor 82