HomeLight

DECEMBER 15, 2023

Homeowners often feel their only option is to sell their current home, move into temporary accommodation, and search for their new house. But what if there was a better way to transition from your old home to your new one? Enter the bridge loan. You can then make a strong offer on your next home with no home sale contingency.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

JANUARY 30, 2024

But a potential solution to this buy-sell conundrum is a bridge loan. This short-term financing tool could be the very thing you need to bridge the gap, allowing you to purchase your new Denver home before you’ve sold your old one. You can then make a strong offer on your next home with no home sale contingency.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 30, 2023

You might think your only choice is to sell your current home, find a temporary place to live, and then hunt for your new dream house. Enter the bridge loan. You can then make a strong offer on your next home with no home sale contingency. What is a bridge loan, in simple words?

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

NOVEMBER 29, 2023

For many Idaho homeowners, it might seem like the only path forward is to sell first, move into a temporary location, and then embark on the hunt for a new home. However, there’s a strategic solution that might just be the missing piece in this complex puzzle: a bridge loan. What is a bridge loan, in simple words?

Equity 93

Equity Loans Home sale contingency Debt-to-income ratio 93

HomeLight

DECEMBER 5, 2023

That’s where a bridge loan in Connecticut can be your saving grace. A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. You can then make a strong offer on your next home with no home sale contingency.

Equity 98

Equity Debt-to-income ratio Loans Home sale contingency 98

HomeLight

NOVEMBER 30, 2023

However, there’s a solution that could help align these moving parts more seamlessly: a bridge loan. This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. What is a bridge loan, in simple words?

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 29, 2023

But there’s an alternative that might just be the solution you’re looking for: a bridge loan. This short-term financing option allows you to confidently purchase your new Indiana home before selling your current one, easing the transition and helping you manage this crucial phase in your homeownership journey.

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

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Backup offer Loan Officer Home sale contingency Branding 396

HomeLight

NOVEMBER 30, 2023

As a homeowner, you might feel cornered into selling your current home before you can afford to buy a new one, leading to the hassle of finding temporary housing in the interim. However, a solution might fit your needs perfectly: a bridge loan. You can then make a strong offer on your next home with no home sale contingency.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

DECEMBER 4, 2023

But there’s a more streamlined solution that could be just what you’re looking for – a bridge loan. This short-term financing option in North Carolina can help bridge the gap, allowing you to purchase your new home before selling your old one and smoothing out the transition in this significant phase of your life.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

NOVEMBER 30, 2023

But there’s an alternative that might just be the solution you’re looking for: a bridge loan. This short-term financing option allows you to confidently purchase your new Iowa home before selling your current one, easing the transition and helping you manage this crucial phase in your homeownership journey.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 17, 2023

You might find yourself in a predicament where it seems the only option is to sell your home, move out, and temporarily relocate while you hunt for your new dream house. A bridge loan could be the key solution you’re searching for. This innovative solution might just be the missing piece in your home buying and selling puzzle.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 29, 2023

For many homeowners in Wisconsin, it might seem that the only option is to sell first, then face the inconvenience of moving to a temporary location while searching for that perfect new home. However, a strategic alternative could smoothly bridge this gap: a bridge loan. What is a bridge loan, in simple words?

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

NOVEMBER 29, 2023

For many homeowners, it might seem like the only viable path is to sell first, then endure the inconvenience of moving to a temporary location while hunting for that perfect new home. However, there’s a solution that might just make these puzzle pieces fit seamlessly together: a bridge loan. When would you consider a bridge loan?

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

NOVEMBER 29, 2023

For many homeowners, it might seem like the only path forward is to sell, temporarily move out, and endure the inconvenience of living elsewhere while hunting for that perfect new home. Enter the bridge loan, a potential game-changer for your real estate strategy. What is a bridge loan, in simple words?

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

NOVEMBER 29, 2023

However, there’s a solution that could simplify this complex situation: a bridge loan. This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one. What is a bridge loan, in simple words?

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

NOVEMBER 7, 2023

For many, it feels like the only path is to sell, move into a temporary place, and then hunt for a new home — a process that is both costly and stressful. But what if you could seamlessly transition from your current home to the next? Enter the bridge loan, a financial tool designed to bridge this very gap.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

NOVEMBER 29, 2023

You might think your only option is to sell your current home, find a temporary place to live, and search for your new dream house. However, a bridge loan could be the solution you’re looking for. You can then make a strong offer on your next home with no home sale contingency.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. In this guide, we explain the ins and outs of bridge loans in Utah and help you decide if they could be the answer to your property puzzle.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

JUNE 9, 2023

.” So, what does contingent mean in real estate? A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met.

Home sale contingency 143

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 143

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” Loan approval. How it can delay closing.

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Closing Purchase and sale agreement Title search Earnest money deposit 112

HomeLight

JANUARY 31, 2024

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. Learn More What does contingent mean?

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 103

HomeLight

DECEMBER 30, 2023

Contingencies while ‘under contract’ Here are some common types of contingencies in residential home sales: Financing contingency: A financing or mortgage contingency safeguards buyers who need to finalize a home loan.

Home sale contingency 105

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 105

Redfin

MARCH 3, 2022

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

Closing 62

Closing Title search Purchase and sale agreement Title 62

Real Trends

DECEMBER 27, 2022

With a little bit of informed vigilance, you will be able to increase your rate of successful closes. Keep reading to learn about the reasons a deal is starting to slip and the warning signs that a deal will never close. How often does a pending home sale fall through? Home sale contingency.

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Sales Home sale contingency Pre-approval Inspection 60

HomeLight

NOVEMBER 29, 2021

You’ve found the house of your dreams, your offer has been accepted, and you’re ready and eager to reach the closing table. But first, you have to sell your old home, potentially secure financing, and secure a home appraisal (and likely an inspection) on your new house. How long is a contingency period?

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Purchase and sale agreement Home sale contingency Inspection contingency Earnest money deposit 95

Realty Biz

NOVEMBER 11, 2020

When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. If these contingencies aren’t met, the buyer can walk away from the deal.

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Backup offer Sales Home sale contingency Earnest money deposit 111

Point2Homes

DECEMBER 8, 2020

But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. How is Contingent Different from Pending? Contingent Statuses. Short Sale.

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

Realty Biz

APRIL 20, 2022

So if you are only able to get a home loan at 5.25%, you can walk away from the deal with your earnest money deposit. Most standard financing contingency language, however, will include the amount your financing and when you need to get your commitment. Due to bidding wars, many homes are selling way above the asking price.

Purchase and sale agreement 106

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 106

HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 94

HomeLight

MARCH 18, 2022

If you’re in this situation (or think you will be soon), know you aren’t alone: 51% of all buyers in 2021 owned their previous home , and 53% said finding the right property was the most difficult step of the homebuying process. What is a home sale contingency? How does a home sale contingency work?

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Home sale contingency Staging Closing Inspection 109

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. Neither of these options are ideal.

Home sale contingency 89

Home sale contingency Staging Loans Closing 89

Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. This stage involves working closely with a mortgage lender or financial institution to assess eligibility and secure a suitable loan.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Title search Pre-approval 76

Realty Biz

MARCH 29, 2023

For example, there's no need for a loan contingency (mortgage contingency). With a standard purchase, this allows a buyer to back out of a sale if they can't obtain a loan. There's also no need for a home sale contingency, which buyers can use to drop a deal if they don't sell their old home by a specified date.

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Home sale contingency Loan contingency Finance Loans 73

RIS Media

APRIL 8, 2022

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Real Estate appraisals are usually completed when homes are bought via mortgage loans. The clause is referred to as a home sale contingency. .

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

Redfin

JANUARY 25, 2021

An appraisal contingency protects lenders more so than the homebuyer, and is almost always required by your lending institution if you’re taking out a home loan. 4) Home sale contingency. If the report finds liens or judgments, the buyer can require the seller to satisfy them before the closing date.

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Purchase and sale agreement Home sale contingency Inspection contingency Title 79

Realty Biz

APRIL 17, 2023

It is held in escrow until closing or until the buyer or seller terminates the contract. Buyers usually have real estate contingencies that could let them escape the sale. Let's examine more closely how a buyer's funds can be returned. Earnest money deposits can be used as leverage in negotiations.

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Earnest money deposit Purchase and sale agreement Home sale contingency Title 67