The Close

SEPTEMBER 10, 2020

When writing the offer with this strong of an approval letter, it allows you to have a shorter financing contingency time and more emphasis on the appraisal contingency time frame. Include an As-is Home Inspection Contingency. You guessed it: the home inspection. More on this in strategy six.

Home sale contingency 114

Home sale contingency Pre-approval Earnest money deposit Marketing 114

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). If this problem can’t be resolved, an appraisal contingency in the contract allows the buyer to cancel the agreement and retain their earnest money deposit. Dodge move.

Closing 116

Closing Purchase and sale agreement Title search Earnest money deposit 116

HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

Home sale contingency 101

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 101

HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Earnest money. Closing date.

Purchase and sale agreement 110

Purchase and sale agreement Inspection MLS Inspection contingency 110

HomeLight

MARCH 31, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale.

Purchase and sale agreement 103

Purchase and sale agreement Inspection Title MLS 103

HomeLight

MARCH 31, 2022

FSBO sellers in Arizona may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Earnest money. Closing date.

Purchase and sale agreement 102

Purchase and sale agreement Inspection MLS Inspection contingency 102

Redfin

MARCH 2, 2023

A contingent offer is a type of offer made by a buyer to purchase a property that is contingent upon certain conditions being met. These conditions typically relate to the sale of the buyer’s current property, securing financing, passing a home inspection, or the home being appraised reflects fair market value.

Purchase and sale agreement 56

Purchase and sale agreement Earnest money deposit Finance Inspection 56

HomeLight

OCTOBER 1, 2020

You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). According to the latest data from the Realtors Confidence Index (RCI), 76% of purchase contracts contain contingencies , and around 7% of contracts are terminated.

Earnest money deposit 98

Earnest money deposit Purchase and sale agreement Sales Home sale contingency 98

HomeLight

JULY 26, 2022

In a best case scenario, negotiations go smoothly, the inspection doesn’t reveal any major issues, the appraisal comes in right where it should, and the whole process is very efficient (we’ll get into what could create some hiccups later on). When you make an offer, be sure to include any contingencies that you want fulfilled.

Earnest money deposit 108

Earnest money deposit Purchase and sale agreement Title Inspection 108

HomeLight

SEPTEMBER 11, 2020

Determine how much earnest money to offer. An earnest money deposit (also called a “good faith deposit”) is money that accompanies your offer and communicates your seriousness to the seller. The customary amount to put down as an earnest money deposit will vary based on your market.

Earnest money deposit 94

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 94

HomeLight

JULY 31, 2022

The template will include your offer price, down payment amount, earnest money deposit, contingencies, and desired closing date. While a real estate agent won’t tell you exactly what to offer as a purchase price, they would give you some guidance as to the state of the market and what the home might be worth.

Earnest money deposit 102

Earnest money deposit Agents Purchase and sale agreement Title 102

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Because it’s fast.

Closing 113

Closing Inspection contingency Title search Purchase and sale agreement 113