HomeLight

JANUARY 31, 2024

These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase. Essentially, the deal can proceed to closing only if these specified conditions are fulfilled. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe.

Purchase and sale agreement 110

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 110

HomeLight

AUGUST 31, 2021

From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. If sellers get paid at closing either way, why is cash better?

Due diligence 89

Due diligence Inspection Pre-approval Pre-qualification 89

Redfin

SEPTEMBER 2, 2020

Your pre-approval letter is a signal to the seller and their agent that you are in the pipeline for mortgage approval for how much house you can afford and a good prospect to close on the purchase. . Most of the time, real estate agents will tell you not to remove contingencies, but this tactic can possibly help you beat out another offer.

Pre-approval 77

Pre-approval Loan contingency Agents Banks 77

HomeLight

JANUARY 13, 2022

An active contingent listing means that the seller has accepted an offer from a buyer, but certain conditions haven’t been met yet. These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. Inspection contingencies.

Backup offer 90

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 90

HomeLight

NOVEMBER 29, 2021

The flat fee company posts the listing on the MLS, and the seller is responsible for showing their home, negotiating with either the buyer or the buyer’s agent, and managing the closing timeline. When reviewing an incoming offer, you’ll take into consideration the overall offer terms, such as: the buyer’s ability to qualify for a home loan.

Purchase and sale agreement 95

Purchase and sale agreement MLS Inspection Agents 95

HomeLight

AUGUST 23, 2022

Real estate attorneys are not considered essential for closing in the state of Ohio. What I do is when I go into the house and I see some minor repairs, then a lot of times I will have my contractors complete the repairs and have the sellers reimburse us at closing. Consider a pre-listing inspection. Lorraine Lynn.

As-is 106

As-is Investor Closing costs Inspection 106

HomeLight

MARCH 23, 2022

When underwriting is completed before you make an offer on a house, it can speed up the closing process, making your offer more attractive to sellers. If you must include contingencies, such as a loan contingency or appraisal contingency to secure a mortgage, try to include as few as possible. Leslie Peterson.

Pre-approval 103

Pre-approval Marketing Inspection Finance 103