The Close

FEBRUARY 6, 2024

For example, many agents ask sellers to cover closing costs for their buyer clients. If your buyers can pay for their closing costs, that could put them at the top of the heap. Additional concessions could be: Paying for title: This typically ranges from 1% to 2% of the home’s purchase price.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

MARCH 2, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor.

Closing 113

Closing Earnest money deposit Sales Inspection 113

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. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. Offer to pay the seller’s closing costs. Flexibility shows good faith.

Home sale contingency 104

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 104

HomeLight

MARCH 22, 2021

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back.

Agents 75

Agents Inspection Inspection contingency Pre-approval 75

HomeLight

OCTOBER 12, 2020

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back.

Agents 98

Agents Inspection Inspection contingency Pre-approval 98