Remove Earnest money deposit Remove Equity Remove Mortgages Remove Purchase and sale agreement
article thumbnail

Should I Waive the Mortgage Contingency in My Offer?

HomeLight

The decision to waive the mortgage contingency, while potentially making your offer more appealing, carries a sloshing bucket of risks and considerations. But it can also tilt a sale in your favor. You can then make a strong offer on your next home with no home sale contingency. Learn More What is a mortgage contingency?

article thumbnail

What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real Estate Markets Dictate Adding or Waiving Appraisals

Realty Biz

When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase. Buyers and sellers will often negotiate these items before reaching an agreement. Buyers and sellers will often negotiate these items before reaching an agreement.

article thumbnail

How to Sell a House by Owner in Colorado

HomeLight

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

article thumbnail

How to Sell a House by Owner in California (2023 Updates)

HomeLight

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

article thumbnail

When Is a House Down Payment Due and How Much Do I Need?

HomeLight

The down payment on a home gets your foot in the door, and the mortgage lets you move in. It’s the first financial move you’ll make in securing your new home purchase. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller? Let’s jump in!

article thumbnail

The Housing Market Isn’t Crashing…But It Is Shifting

HomeLight

And those of you who responded are in agreement. I think it’s partially that 5% threshold being a recent high for mortgage rates. They may no longer qualify for a mortgage or for the same price range that they were originally searching in. sound effect: crash wave]. is not what the housing market is going through.