HomeLight

JANUARY 17, 2024

This decision can occur at various stages – after an offer is made but before it’s accepted, after signing a purchase agreement, or even days before the closing. As you navigate each stage of a home purchase, you might come upon unexpected turns. What are common reasons a buyer backs out?

Purchase and sale agreement 97

Purchase and sale agreement Debt-to-income ratio Title search Finance 97

RIS Media

APRIL 8, 2022

Real estate listings go through different stages. Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Home inspection problems. The title search reveals issues. Contingent meaning.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. Common contingencies relate to a home inspection and financing, but there may be others.

Debt-to-income ratio 98

Debt-to-income ratio Sales Title search Finance 98

Point2Homes

DECEMBER 7, 2020

If you’re thinking about how to buy a home that’s in foreclosure, be sure to do your research because there are extra stages involved. Lenders will normally look at your debt-to-income ratio to determine whether you qualify for a loan. The Home Inspection. How to Buy Foreclosed Homes. Making the Offer.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

Redfin

JUNE 14, 2023

Through pre-approval, a lender thoroughly assesses your financial situation, including income, credit history , and debt-to-income ratio, to determine the maximum loan amount they are willing to lend you. This allows you to confidently search for homes within your budget and make realistic offers.

Pre-approval 57

Pre-approval Debt-to-income ratio Closing costs Title 57

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). It takes a lot of planning and preparation, possibly even some soul-searching, to decide what’s the right move in your situation. While you’ll find lots of ways to ballpark your housing budget, the real determiner will be your debt-to-income ratio , or DTI.

Pre-approval 98

Pre-approval Purchase and sale agreement Title Closing 98

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. Clear title. Debt-to-income ratio (DTI).

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97