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.

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 77

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?

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 85

HomeLight

APRIL 21, 2022

You found your new home and want to avoid carrying two mortgages. Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Your house has been on the market three months or more.

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Inspection contingency Home sale contingency Pre-approval Agents 103

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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HomeLight

SEPTEMBER 11, 2020

That means buyers who want to close a deal need to come prepared with their A-game when it comes to making an offer. Then, make sure you are only searching for, and writing offers for, homes you can truly afford. Get preapproved for a mortgage. No sales contingency? Decide where you can be flexible. Good luck!).

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 77

HomeLight

JANUARY 28, 2022

According to their website, We Buy Ugly Houses buys homes regardless of their condition. Not only do they guarantee a cash sale, but they also extend a no-obligation offer and will close on the sale within 30 days. The home offer is guaranteed. The We Buy Ugly Houses franchise model became available in 1996.

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Purchase and sale agreement Investor Agents Sales 105

HomeLight

SEPTEMBER 23, 2021

.” However, buying another house immediately after your sale can be more challenging in a seller’s market. Whether you’re waiting for a seller’s market to cool down or a buyer’s market to come to a close, you won’t be able to predict anything perfectly. It depends on your priorities, of course.

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Rent back Home sale contingency Agents Sales 74