HomeLight

NOVEMBER 29, 2023

Navigating the complexities of selling your old home while purchasing a new one in Michigan can often feel like a high-stakes balancing act. Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging.

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

NOVEMBER 29, 2023

For many homeowners, it might seem like the only path forward is to sell, temporarily move out, and endure the inconvenience of living elsewhere while hunting for that perfect new home. You can then make a strong offer on your next home with no home sale contingency. How does a bridge loan work in Hawaii?

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

NOVEMBER 30, 2023

This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. It’s a strategy that could transform your home-buying experience, making the transition smoother and more manageable. What is a bridge loan, in simple words?

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 29, 2023

You might feel cornered into selling first and then facing the hassle of finding a temporary place to stay while you search for your next home. This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

NOVEMBER 29, 2023

In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. For many homeowners in Wisconsin, it might seem that the only option is to sell first, then face the inconvenience of moving to a temporary location while searching for that perfect new home.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

DECEMBER 14, 2023

You might think your only choice is to sell your home, move out, and then scramble to find a new one, but there’s an alternative you likely haven’t considered — a bridge loan. A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. This becomes particularly challenging in a market where homes are scarce, and prices are high. You can then make a strong offer on your next home with no home sale contingency.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

DECEMBER 29, 2023

Selling your old home while looking for a new one in Dallas can be difficult, especially when juggling the complex timing and limited finances. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

DECEMBER 15, 2023

Homeowners often feel their only option is to sell their current home, move into temporary accommodation, and search for their new house. But what if there was a better way to transition from your old home to your new one? You can then make a strong offer on your next home with no home sale contingency.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

DECEMBER 5, 2023

A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. You can then make a strong offer on your next home with no home sale contingency. When faced with a competitive market, it allows you to seize your dream home quickly.

Equity 98

Equity Debt-to-income ratio Loans Home sale contingency 98

HomeLight

NOVEMBER 7, 2023

For many, it feels like the only path is to sell, move into a temporary place, and then hunt for a new home — a process that is both costly and stressful. But what if you could seamlessly transition from your current home to the next? Enter the bridge loan, a financial tool designed to bridge this very gap.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

NOVEMBER 29, 2023

For many Idaho homeowners, it might seem like the only path forward is to sell first, move into a temporary location, and then embark on the hunt for a new home. You can then make a strong offer on your next home with no home sale contingency. Selling an empty or staged home can be more lucrative and convenient.

Equity 93

Equity Loans Home sale contingency Debt-to-income ratio 93

HomeLight

NOVEMBER 17, 2023

You might find yourself contemplating the daunting prospect of selling your home, moving to a temporary location, and then hunting for a new house. As a short-term financing option, bridge loans in Illinois offer a unique opportunity. You can then make a strong offer on your next home with no home sale contingency.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

FEBRUARY 16, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. The short answer is yes, you can put an offer on a house before selling your current home.

Home sale contingency 101

Home sale contingency Equity Finance Sales 101

HomeLight

DECEMBER 4, 2023

This short-term financing option in North Carolina can help bridge the gap, allowing you to purchase your new home before selling your old one and smoothing out the transition in this significant phase of your life. You can then make a strong offer on your next home with no home sale contingency.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

NOVEMBER 30, 2023

As a homeowner, you might feel cornered into selling your current home before you can afford to buy a new one, leading to the hassle of finding temporary housing in the interim. You can then make a strong offer on your next home with no home sale contingency.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. You can then make a strong offer on your next home with no home sale contingency. But what if there was a smoother pathway?

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

Realty Biz

FEBRUARY 20, 2021

Most buyers will have a home inspection contingency in their contract. In extreme seller’s real estate markets, it is not uncommon for buyers to waive a home inspection as a way of sweetening their offer. Obtaining financing: allows the purchaser to get the funds to buy the property from a lender of their choice.

Purchase and sale agreement 136

Purchase and sale agreement Inspection contingency Earnest money deposit Home sale contingency 136

Realty Biz

JULY 1, 2023

Step 5: Securing Home Financing One of the critical steps in the home-buying process is obtaining the necessary financing to purchase the property. Meeting Contractual Requirements Once the escrow is opened, both the buyer and seller must fulfill the contingencies and conditions outlined in the purchase agreement.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Title search Pre-approval 76

Redfin

MARCH 2, 2023

When a buyer applies for a mortgage to purchase a home, the lender requires an appraisal of the property to determine its fair market value. With an appraisal contingency in place, the buyer can protect themselves from being obligated to pay more than the fair market value of the property.

Purchase and sale agreement 57

Purchase and sale agreement Earnest money deposit Finance Inspection 57

HomeLight

SEPTEMBER 14, 2022

But if there’s no objection or something that’s going to divert their attention, then they’re not nitpicking on the home, they’re going, oh, I could really envision my furniture here,” says Slobounov. Promote your home’s best qualities. I personally just accepted an offer with a home sale contingency.

Marketing 110

Marketing Inspection Staging Seller concession 110

HomeLight

DECEMBER 6, 2023

For many Houston homeowners, the dilemma often seems to boil down to selling first and then facing the inconvenience of moving twice – first to a temporary location and then to your new home. You can then make a strong offer on your next home with no home sale contingency. What is a bridge loan, in simple words?

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

DECEMBER 6, 2023

Are you a homeowner in Chicago grappling with the challenge of selling your old home while eyeing your next dream house? Transitioning from one home to another often involves a delicate balance of timing and finances, especially in a market where inventory is scarce and prices are soaring. You’re not alone.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 17, 2023

Often, it might seem like your only option is to sell your current property, find temporary accommodation, and then embark on the hunt for your new home. You can then make a strong offer on your next home with no home sale contingency. What is a bridge loan, in simple words? What are the drawbacks of a bridge loan?

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

NOVEMBER 15, 2023

For many, the process seems to lead to an inconvenient and costly path: selling first, moving to a temporary residence, and then embarking on the search for a new home. Enter the bridge loan – a short-term financial solution designed to bridge the gap. You can then make a strong offer on your next home with no home sale contingency.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

JANUARY 3, 2023

The most effective solution, according to the Colorado Department of Public Health & Environment, is to install a sub slab depressurization system , which typically will cost between $800 and $1200 in Colorado, assuming no design difficulties are encountered. HomeLight Buy Before You Sell allows you to buy a new home with confidence.

Purchase and sale agreement 101

Purchase and sale agreement Inspection MLS Inspection contingency 101

HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a financial lifeline that can synchronize the purchase of your new Minnesota home while leveraging the equity of your current property. A bridge loan isn’t just another financing option; it’s a strategic tool tailored for homeowners like you, seeking a seamless move in today’s complex market.

Equity 103

Equity Loans Debt-to-income ratio Staging 103

HomeLight

NOVEMBER 21, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

DECEMBER 8, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 21, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 80

Equity Loans Debt-to-income ratio Home sale contingency 80

HomeLight

JUNE 30, 2021

We’re bound by a certain code of ethics that really governs everything that we do and is designed to protect our clients and to put our clients first.”. There are a number of factors to consider, and you’ll need to assess your finances and take your priorities into account. Financing contingency.

Purchase and sale agreement 85

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 85

HomeLight

JULY 6, 2022

The RealSure Buy program provides homebuyers with the ability to make an all-cash offer on a home. This temporary cash loan allows buyers to better compete in the market as the offer won’t be dependent on any financing or appraisal contingencies. Home buyers must also use RealSure’s approved lender for home financing.

Purchase and sale agreement 88

Purchase and sale agreement Agents Finance Inspection 88

HomeLight

MARCH 13, 2023

Insurance companies may not insure homes with aluminum wiring or Federal Pacific Stab-Lok electrical panels due to the greater risk of fire. You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance.

Sales 83

Sales Investor Due diligence Renovation 83

HomeLight

SEPTEMBER 23, 2021

Interest rates are another critical factor to take into consideration when deciding when to sell your home. When interest rates are lower , buyers are more inclined to purchase and finance a home. Alessi provides this example: A buyer could afford a $350,000 home at 2.8% Source: (Kendra Wesley / Unsplash).

Rent back 82

Rent back Home sale contingency Agents Sales 82

HomeLight

NOVEMBER 21, 2022

“With our current climate of changing interest rates, that same pre-approval from a month ago may not be valid today for the price of their home,” Richter adds. Without carefully vetting the buyer, the sale could go up in smoke if you accept an offer from the wrong buyer who can’t obtain financing. See the next step!).

Purchase and sale agreement 79

Purchase and sale agreement MLS Pre-approval Agents 79

HomeLight

APRIL 29, 2022

HomeLight Trade-In : Removes the stress of buying and selling a home at the same time. HomeLight works with your agent to make an offer on your current home, so you can make an offer on a new home with no lending or home sale contingency. What does Opendoor offer home sellers? Zillow Group, Inc.

Agents 92

Agents MLS Closing Home sale contingency 92