HomeLight

JANUARY 3, 2024

After you open escrow and the buyer submits a good faith earnest money deposit, some or all of the following contingencies may need to be addressed: The financing contingency will appear in contracts where a buyer needs to finalize a mortgage loan to purchase the home.

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 94

HomeLight

MARCH 6, 2023

He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits. The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” Loans are between 3%-3.5%

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HomeLight

AUGUST 9, 2022

How much you’ll put down depends on the specifics of your finances, and what kind of mortgage you’re getting. Drew May , a leading real estate agent in Augusta, Georgia, where Fort Gordon is located, says there is “no better financing” than a VA loan for military buyers. The money is delivered via cashier’s check or wire transfer.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 88

HomeLight

JULY 31, 2021

Brian Martucci , a personal finance expert for Money Crashers , says that cash buyers tend to target the types of properties and sellers that reinforce the inherent advantages of their strategy. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

JUNE 30, 2021

If your current house doesn’t sell, or the settlement doesn’t happen, as the buyer, you can walk away from your new purchase with your earnest money. There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky.

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Rent back Inspection contingency Earnest money deposit Finance 102

HomeLight

JULY 29, 2022

If you committed to making an earnest money deposit as a part of your offer, you will submit your earnest money at this time. You typically deposit earnest money in an escrow account where it will be held until closing. Your options include: Trying to renegotiate the deal to a lower price.

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Purchase and sale agreement Earnest money deposit Inspection Loans 79

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. Don’t expect to get top dollar if you sell your Houston home to a cash buyer.

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Sales Purchase and sale agreement Earnest money deposit Investor 63