HomeLight

JULY 26, 2022

If the seller is working with a listing agent, their agent will more than likely have already done their due diligence to make sure they are able to sell their home. Title contingency. Also, be sure to include your earnest money deposit amount, closing dates, and who will be responsible for certain closing costs.

Earnest money deposit 96

Earnest money deposit Purchase and sale agreement Title Inspection 96

HomeLight

APRIL 30, 2021

A cash offer simply means you have all the money you need to buy the home in cash. Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction.

Due diligence 100

Due diligence Finance Proof of funds Earnest money deposit 100

HomeLight

OCTOBER 29, 2020

That’s why financed offers come with appraisal contingencies — the loan can’t clear until the home has been appraised and the lender knows they’re not lending you too much for the home. If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk.

Purchase and sale agreement 79

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

The Close

DECEMBER 29, 2022

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.

Purchase and sale agreement 97

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