Realtor.com

OCTOBER 29, 2020

If the appraised value is less than the sale price, the contingency enables you to back out of the deal without forfeiting your earnest money deposit , says Bishoi Nageh , president of the Petra Cephas Team at Mortgage Network Solutions, in Somerset, NJ. Get final mortgage approval. Your home inspection reports.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

The Close

FEBRUARY 6, 2024

The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. Also, understand the difference between a prequalifying and a pre-approval letter.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

MARCH 2, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. CalHFA works through approved lenders, and buyers apply for the program through their loan officer.

Closing 90

Closing Earnest money deposit Sales Inspection 90