Bigger Pockets

OCTOBER 21, 2022

Whether someone comes in low or high, the prospect of a smooth closing without any loan contingencies is often more than […]. A cash offer almost always gets a seller’s attention.

Loan contingency 82

Loan contingency Loans Closing 82

HomeLight

JANUARY 31, 2024

In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase.

Purchase and sale agreement 103

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 103

Realty Biz

MARCH 29, 2023

For example, there's no need for a loan contingency (mortgage contingency). With a standard purchase, this allows a buyer to back out of a sale if they can't obtain a loan. There's also no need for a home sale contingency, which buyers can use to drop a deal if they don't sell their old home by a specified date.

Home sale contingency 93

Home sale contingency Loan contingency Finance Loans 93

HomeLight

DECEMBER 12, 2023

If your loan application is denied, or you can’t secure financing under the terms outlined in the contingency, you can withdraw from the deal and typically recover any earnest money deposit you’ve made. How does a mortgage contingency work? This protects you from being locked into a loan with unexpectedly high rates.

Earnest money deposit 103

Earnest money deposit Mortgages Purchase and sale agreement Finance 103

RIS Media

JULY 30, 2021

Stefan Peterson, zavvie chief data officer and co-founder, explains the impact on the typical consumer: “A Denver buyer with a traditional mortgage and a loan contingency had to make offers on an average of seven homes before winning the day.” ” Peterson added, “Homebuyers with all cash averaged just 1.1

Loan contingency 104

Loan contingency Residential Loans Marketing 104

RIS Media

FEBRUARY 17, 2022

According to zavvie, consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. The report also examines offer strength, offer acceptance rates, service fees, average concessions, time to close, and customer satisfaction. For more information, visit zavvie.com.

Seller concession 89

Seller concession Loan contingency Mortgages Loans 89

Realtor.com

NOVEMBER 28, 2022

. “So if you’re trying to time the purchase and sale of a home, be sure to allow enough time for the proceeds from your home sale to be in hand before you schedule your closing purchase.” ” Should sellers make an all-cash offer if they can?

Marketing 119

Marketing Pre-approval Equity Finance 119