HomeLight

OCTOBER 5, 2020

When a home goes up for auction, the process for purchasing it will be different than if you were to buy a home in a more traditional way, with a full inspection. Even if you can’t conduct a typical home inspection , there are things you can do to better gauge the home’s condition. Constantine recommends you do your due diligence.

Due diligence 55

Due diligence Earnest money deposit Banks Inspection 55

HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Home inspections. Negotiable contingencies.

Purchase and sale agreement 80

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 80

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. This task can happen while you’re obtaining the funds verification (if you didn’t do that in advance), as your bank will need information on where to transfer the money. Submit earnest money: 1 day. Why does it take this long?

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Purchase and sale agreement Closing Title search Title 108

HomeLight

JULY 31, 2021

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Earnest money deposit. Inspection period. Pay attention to the number of days allotted for the cash buyer to complete their inspection. Step 6: Pass the inspection.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

.” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection.

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