HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale 96

Short sale Closing costs Closing Sales 96

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?” How it can delay closing. Easy, right? Yeah, not so much.

Closing 107

Closing Purchase and sale agreement Title search Earnest money deposit 107

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.

Purchase and sale agreement 145

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

HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Make sure the offer includes any important contingencies, such as an inspection contingency. Step 9: Order an inspection. Step 14: Closing time!

Banks 74

Banks Inspection contingency Inspection FHA loan 74

HomeLight

FEBRUARY 26, 2021

In fact, 95% of purchased homes undergo an inspection before closing. By saying your sale is “as is,” you’re not preventing a buyer from requesting an inspection , just signaling that no matter what the inspection finds, you don’t want to negotiate on price. How to get a cash offer.

As-is 92

As-is Sales Inspection Investor 92

HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.

Closing 103

Closing Purchase and sale agreement Title Home sale contingency 103

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. In other words, “pending” is the next step after “contingent.”

MLS 88

MLS Backup offer Inspection contingency Purchase and sale agreement 88