Closing costs Finance Home sale contingency Lending 
Housing Wire
FEBRUARY 14, 2024
Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments.
Redfin
JANUARY 25, 2021
The inspection contingency can protect you from purchasing a poor property investment because it allows you to back out of the deal if a major issue is discovered. 2) Appraisal contingency. 3) Financing contingency. The financing contingency protects both the bank and the homebuyer. 4) Home sale contingency.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
HomeLight
JUNE 16, 2023
In many instances, a homeowner needs to use equity from their existing home to buy their next residence. That can mean adding a home sale contingency to their offer, which makes it weaker and less attractive to sellers, or finding temporary housing between transactions. Is there a cost to using Flyhomes?
Redfin
MARCH 3, 2022
Although a delay in closing isn’t always the case, it’s best for both buyers and sellers to be aware of the common reasons for delayed closings. Financing issues. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The buyer is unable to sell their house.
HomeLight
MARCH 31, 2022
Price is a major factor, as are other details of the agreement such as whether you’ll cover any of the buyer’s closing costs, when you’ll agree to move out, and which contingencies will be included in the contract. Let’s review some of the top points of negotiation you may encounter: Contingencies. Closing costs.
HomeLight
MARCH 31, 2022
Price is a major factor, as are other details of the agreement such as whether you’ll cover any of the buyer’s closing costs, when you’ll agree to move out, and which contingencies will be included in the contract. Let’s review some of the top points of negotiation you may encounter: Contingencies. Closing costs.
HomeLight
NOVEMBER 21, 2023
Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.
Expert insights. Personalized for you.
412 
Let's personalize your content