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 86

HomeLight

MARCH 31, 2022

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. What is a contingency clause?

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 77

HomeLight

APRIL 21, 2022

Even if a buyer has been pre-approved by a lender, the loan could still be denied or delayed due to a change in job status, a low home appraisal , or a dozen different reasons. According to a 2021 National Association of Realtors® survey, financing difficulties were responsible for 29% of closing delays and 10% of terminated contracts.

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Inspection contingency Home sale contingency Pre-approval Agents 102

HomeLight

JANUARY 4, 2022

If the seller accepts, the iBuyer may perform an in-person or virtual home condition assessment and determine if they’ll collect a repair credit or reduce their offer price based on the findings. iBuyers then allow the seller to close in as little as 10 days but can also provide longer move-out timelines for those who need the flexibility.

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Investor Finance Inspection Sales 98