HomeLight

AUGUST 31, 2021

The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. The most obvious contingency with an offer that requires financing is, of course, the financing itself. There’s no financing contingency.

Due diligence 79

Due diligence Inspection Pre-approval Pre-qualification 79

HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well.

Closing 95

Closing Earnest money deposit Sales Inspection 95

HomeLight

MAY 24, 2021

A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Remember, if you’re financing the purchase, you might not be able to eliminate some contingencies.

Pre-qualification 106

Pre-qualification Pre-approval Purchase and sale agreement Loans 106

HomeLight

JANUARY 4, 2022

According to a Q3 2021 study by ATTOM Data Solutions, all-cash home sales are at their highest level since the first quarter of 2015, with 34% of all single-family homes and condos purchased without financing. “In These people may offer close to full list price, since they aren’t trying to make a profit on the property,” he says.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

DECEMBER 14, 2021

Be sure and ask any agent that you’re interviewing about these qualifications. How many sales did they close in the last few months? If you email that agent to set up any sort of time or call them and they don’t answer or email you back promptly, it tells you how your sale is going to go. Do they have sales or listings pending?

Pre-qualification 104

Pre-qualification Earnest money deposit Agents Days on market 104

HomeLight

DECEMBER 14, 2021

Be sure and ask any agent that you’re interviewing about their qualifications. How many sales did they close in the last few months? If you email that agent to set up any sort of time or call them and they don’t answer or email you back promptly, it tells you how your sale is going to go. Do they have sales or listings pending?

Earnest money deposit 95

Earnest money deposit Agents Days on market Sales 95