HomeLight

JULY 24, 2025

You can then make a strong offer on your next home with no home sale contingency. A bridge loan is a short-term financing option that helps you buy a new home while your current one is still on the market. Often, the same lender handling your new mortgage can also offer the bridge loan.

Equity

HomeLight

JULY 24, 2025

You can then make a strong offer on your next home with no home sale contingency. A bridge loan is a short-term loan that helps you buy a new home before your current one sells. This type of financing is usually more expensive than a traditional mortgage but can offer valuable flexibility when timing is tight.

Equity

HomeLight

JULY 24, 2025

You can then make a strong offer on your next home with no home sale contingency. A bridge loan is a short-term financing option that helps you buy a new home while your current one is still on the market. Often, the same lender handling your new mortgage can also offer the bridge loan.

Equity

Redfin

JUNE 13, 2025

Coordinating the sale of your current home with the purchase of your next requires precise timing. Try to avoid overlapping mortgage payments or being stuck without a home. Consider financial tools like bridge loans or home equity loans for your new home’s down payment before your current one sells.

Debt-to-income ratio

Lab Coat Agents

MAY 15, 2025

Master the Art of Seller Persuasion One reason home inventory is low is hesitant sellers. Many are unwilling to give up their low pandemic-era mortgage rates, resulting in a lock-in effect. However, there are still good reasons to sellespecially if mortgage rates fall.

Pre-approval

Redfin

AUGUST 5, 2025

But first, learn what contingencies are, why it’s risky to waive them and how you can use them to your advantage. What is a contingency? A contingency is a clause included in an offer, which states that specific conditions must be met for a deal to close. That’s where no-contingency offers come in.

Earnest money deposit

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. The deposit will then be used as part of the closing costs or down payment when the purchase successfully closes. Typical Contingencies That Would Allow The Return of Your Earnest Money What Are Some Of The Most Common Real Estate Contingencies?

Earnest money deposit

Redfin

JULY 9, 2025

Research your new location and get pre-approved for a mortgage. Remote closing makes the process smooth and stress-free. Buying a home is a huge milestone for many, but that excitement can turn to worry when buying a house in another state. Rent vs. buy calculator : Compare the financial impact of renting versus buying a home.

Pre-approval

Redfin

JUNE 17, 2025

Accepting a contingent offer on your home can feel like a gamble – but it doesn’t have to. The short answer to whether you should accept a contingent offer on your house is that it depends. If the buyer wants to continue with the sale, they can request repairs or lower the purchase price.

Inspection contingency

HomeLight

MARCH 11, 2025

If you are making plans to sell your home, you can estimate your proceeds using HomeLights Net Proceeds Calculator. This free tool will factor in your homes sale price, as well as closing costs , agent commissions, and any outstanding mortgage balance. Can you use equity to buy before you sell?

Equity

Redfin

JULY 14, 2025

Walking away from one could cost you your earnest money deposit (typically 1%–3% of the home price), and in some cases, you could even be sued for breach of contract. To protect yourself, work closely with your real estate agent to include appropriate contingencies and timing strategies so you’re not caught in a bind.

Earnest money deposit

HomeLight

FEBRUARY 20, 2025

Well, according to Florida real estate agent Damian Costantino, a contingency is a stipulation written into the purchase contract that needs to be met or resolved before moving to the closing table. Essentially, its a condition the buyer or seller has to clear up before the sale can continue.

Inspection contingency

HomeLight

MARCH 20, 2023

After all, few people can afford to hold two mortgages. At the same time, it usually does not make sense for buyers to sell their home without having a new one lined up to move into. So what options does that leave for the homebuyer who must also be a home seller ? Find a Buyer's Agent What is a home sale contingency?

Home sale contingency

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments.

Backup offer

HomeLight

MARCH 31, 2022

For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. What is a contingency clause? Let’s begin by looking at the “what” and “why” of contingency clauses.

Home sale contingency

HomeLight

JUNE 9, 2023

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. What are the most common contingencies?

Home sale contingency

HomeLight

OCTOBER 30, 2020

But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. One of the big benefits of cash that’s constantly touted is that it allows you to remove contingencies from the deal. Because it’s fast.

Closing

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? How long can a house be contingent?

Purchase and sale agreement

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.

Purchase and sale agreement

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

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.

Backup offer

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?

Purchase and sale agreement

HomeLight

DECEMBER 7, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

HomeLight

DECEMBER 15, 2023

Selling your Atlanta home while looking to purchase a new one can be tricky. Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. How does a bridge loan work in Atlanta?

Equity

HomeLight

DECEMBER 13, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

HomeLight

SEPTEMBER 10, 2022

Kick-out clauses are often employed when the buyers have to sell their current home first, and the sellers want to continue marketing their home in the meantime. Single Family Homes. Examples of contingencies that may cause the seller to add a kick-out clause: A home sale contingency. Teresa Cowart.

Purchase and sale agreement

HomeLight

NOVEMBER 29, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

HomeLight

DECEMBER 13, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

Realty Biz

APRIL 20, 2022

Mortgage Financing Clause. Most home buyers do not have the finances available to buy without a mortgage. So financing is one of the common contingencies in an offer. Before you apply for a mortgage, you’ll need to do some research with lenders to find out what interest rate will be available to you.

Purchase and sale agreement

HomeLight

DECEMBER 14, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

HomeLight

DECEMBER 29, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

HomeLight

DECEMBER 15, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

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. .

Debt-to-income ratio

HomeLight

JULY 30, 2024

Start Making Offers Without Waiting to Sell Your Home 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. How does a hard money loan work?

Hard money loan

HomeLight

DECEMBER 5, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

HomeLight

DECEMBER 7, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home 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.

Equity

HomeLight

JULY 12, 2024

Unlock Your Equity and Buy Before You Sell 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. Get Started What does ‘in escrow’ mean in real estate?

Purchase and sale agreement