HomeLight

AUGUST 31, 2021

From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. If sellers get paid at closing either way, why is cash better?

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

HomeLight

DECEMBER 12, 2023

If your loan application is denied, or you can’t secure financing under the terms outlined in the contingency, you can withdraw from the deal and typically recover any earnest money deposit you’ve made. How does a mortgage contingency work? This protects you from being locked into a loan with unexpectedly high rates.

Earnest money deposit 115

Earnest money deposit Mortgages Purchase and sale agreement Finance 115

The Close

DECEMBER 12, 2024

Ask your social circles or close family and friends for probate real estate leads. Investors also must be cautious about the propertys condition and do their due diligence. Typically, probate purchase agreements don’t include a loan contingency, so you must secure a loan in time to avoid losing your deposit.

Purchase and sale agreement 97

Purchase and sale agreement Investor Probate sale Land 97