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 79

Loan contingency Loans Closing 79

HomeLight

DECEMBER 12, 2023

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. Get Started What is a mortgage contingency? A mortgage contingency is a clause in a real estate contract that makes the purchase contingent , or dependent, on the buyer securing a mortgage loan. How does a mortgage contingency work?

Earnest money deposit 110

Earnest money deposit Mortgages Purchase and sale agreement Finance 110

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 110

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 110

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 75

Home sale contingency Loan contingency Finance Loans 75

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 105

Loan contingency Residential Loans Marketing 105

Realtor.com

NOVEMBER 28, 2022

“There are bridge loans that will allow for short-term use of equity from your current property to serve as a down payment for the next property if this is needed. ” Current rates on bridge loans range from 6% to 16% with the idea that you’re paying off the loan as quickly as possible, as soon as your original house sells.

Marketing 119

Marketing Pre-approval Equity Finance 119

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 96

Seller concession Loan contingency Mortgages Loans 96