Redfin

JUNE 11, 2025

In real estate, contingencies are conditions included in a purchase agreement that must be met for the transaction to move forward. Although not required, contingencies are standard in most real estate contracts – and some are especially important depending on where you’re buying.

Purchase and sale agreement 31

Purchase and sale agreement Home sale contingency Inspection contingency Earnest money deposit 31

Realty Biz

AUGUST 22, 2022

I didn’t even include an inspection contingency. In a few short weeks, the market has gotten much softer in this neighborhood and I’m not even sure the house will appraise for my purchase offer. I’m almost certain that your biggest concern is about what will happen with your earnest money if you back out of the deal.

Purchase and sale agreement 95

Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 95

Redfin

MARCH 18, 2025

When buying a home, youll likely come across the term earnest money – a deposit that shows the seller youre serious about the purchase. But what actually happens to that money once the deal closes? What happens to earnest money at closing? Does it go toward your down payment? Do you get it back?

Closing 43

Closing Purchase and sale agreement Earnest money deposit Seller concession 43

HomeLight

SEPTEMBER 11, 2020

The seller will either accept your offer (in which case it becomes your purchase agreement ), or will counter your offer (you can accept or counter again), or the seller could also flatly decline. No sales contingency? Make sure your agent stresses that your offer doesn’t contain a sales contingency.

Earnest money deposit 98

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

Dwell Real Estate

JULY 10, 2020

The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1 to 5 of the real estate purchase price as earnest money. (If

Earnest money deposit 40

Earnest money deposit Inspection contingency Purchase and sale agreement Pre-approval 40

Dwell Real Estate

JULY 10, 2020

The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1% to 5% of the real estate purchase price as earnest money. (If

Earnest money deposit 40

Earnest money deposit Inspection contingency Purchase and sale agreement Pre-approval 40

HomeLight

NOVEMBER 29, 2021

Most purchase agreements have some terms in place that must be met for the deal to go through, such as having a home inspection completed. These are called contingencies, and they’re very common in a real estate sales contract. What’s the point of a contingency, and how long can a contingency period last?

Purchase and sale agreement 111

Purchase and sale agreement Home sale contingency Inspection contingency Earnest money deposit 111

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? If the buyer’s current home sells, the sale of the new home can proceed.

Home sale contingency 105

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

Realty Biz

DECEMBER 5, 2022

How to Negotiate Problems Found at a House Inspection. What Will Happen After a Home Inspection? The home inspection contingency in a real estate contract allows the buyer to back out of the sale when there are issues. The buyer can have their earnest money deposit returned when this happens.

Inspection 138

Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 138

Realty Biz

APRIL 20, 2022

What to Know About Terms and Conditions Found in an Offer to Purchase. It will state your offer price and many other clauses that could be crucial to the success of the purchase. Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Home Inspection Contingency.

Purchase and sale agreement 104

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 104

Redfin

MARCH 7, 2025

Since the home inspection is primarily for the buyer’s benefit, ensuring the property is in good condition before finalizing the sale, the buyer usually covers the cost. In some circumstances, the buyer and seller might negotiate the inspection fee. Should you get a home inspection?

Inspection 39

Inspection Inspection contingency Earnest money deposit Purchase and sale agreement 39

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent.

Earnest money deposit 115

Earnest money deposit Purchase and sale agreement Title Inspection 115

RIS Media

MAY 19, 2021

.” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? One of the most confusing things for buyers and sellers to understand is what contingent means vs. pending.

Purchase and sale agreement 98

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

First Team Real Estate

AUGUST 8, 2021

Home sales are moving quickly today because of limited inventory, causing lucky home sellers to see an increase in multiple bids or bidding wars. The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers.

Backup offer 98

Backup offer Earnest money deposit Purchase and sale agreement Inspection contingency 98

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. Why do sellers love cash so much?

Closing 116

Closing Inspection contingency Title search Purchase and sale agreement 116

Rochester Real Estate

NOVEMBER 5, 2015

Your Housing Budget The purchase price of the home shouldn’t be your only consideration. But if you have a down payment of 20% or more of the purchase price, you can avoid expenses like private mortgage insurance and should benefit from a lower interest rate. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Purchase and sale agreement 52

Purchase and sale agreement Earnest money deposit Pre-approval Debt-to-income ratio 52

HomeLight

JULY 31, 2022

When you find a neighborhood you love, the next step is finding a home that’s for sale and in your price range. If you decide that you are not willing to proceed with the sale because of the scope of the problems, then this will be your first chance to walk away. Earnest money. Find a home.

Earnest money deposit 110

Earnest money deposit Agents Purchase and sale agreement Title 110

HomeLight

SEPTEMBER 1, 2022

If this all sounds perfect and you’re thinking of purchasing a home in Connecticut, read on! Before you start looking for homes in Connecticut, you want to determine if you’re ready to purchase one. Homebuyers in Connecticut pay an average of just over $2,700 in closing costs when purchasing a home. Saving for your down payment.

Earnest money deposit 111

Earnest money deposit FHA loan Purchase and sale agreement Inspection 111

HomeLight

SEPTEMBER 1, 2022

Before you start looking for homes in Florida, you want to determine if you’re ready to purchase one. 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.

Earnest money deposit 106

Earnest money deposit FHA loan Title Purchase and sale agreement 106

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Perhaps you’re relocating for your dream job in two weeks, but you don’t have the time or money to replace the roof on your University Place ranch that has sprung a leak. The newbie with little experience doesn’t have the money to keep it long term.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

Redfin

AUGUST 29, 2024

You will also need to save money to put toward closing costs , about 2-5% of the purchase price. Closing costs typically include appraisal costs, home inspection fees, title insurance, and more. Before touring homes with an agent, you’ll most likely need to sign an agreement with your agent.

Earnest money deposit 63

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

HomeLight

JULY 29, 2022

Once your offer has been accepted by the seller and you have signed the purchase contract, it’s time to order an appraisal. If the seller accepts, this is when you as the buyer sign the purchase contract to solidify the details of the sale. Evaluation of the comparable sales that were used to determine value.

Purchase and sale agreement 105

Purchase and sale agreement Earnest money deposit Inspection Loans 105

HomeLight

JANUARY 3, 2023

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.

Purchase and sale agreement 115

Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

Purchase and sale agreement 110

Purchase and sale agreement Inspection Inspection contingency MLS 110

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement 102

Purchase and sale agreement Inspection Title Inspection contingency 102

CT Homes

OCTOBER 30, 2020

Find and Qualify your Buyers Compare Contracts Offer Terms Inspection Contingency Earnest Money Deposit Closing Period Accept an offer and Open Escrow Monitor Transaction Deadlines Close Escrow. To attract attention to your property, you could post a FSBO (For Sale By Owner) listing on Zillow or similar website.

Earnest money deposit 52

Earnest money deposit Purchase and sale agreement Inspection Inspection contingency 52

CT Homes

OCTOBER 30, 2020

Find and Qualify your Buyers Compare Contracts Offer Terms Inspection Contingency Earnest Money Deposit Closing Period Accept an offer and Open Escrow Monitor Transaction Deadlines Close Escrow. To attract attention to your property, you could post a FSBO (For Sale By Owner) listing on Zillow or similar website.

Earnest money deposit 52

Earnest money deposit Purchase and sale agreement Inspection Inspection contingency 52

Redfin

MARCH 2, 2023

Regardless of your experience, navigating the housing market can be daunting, especially when it comes to understanding the complex jargon and legalities involved in purchasing a property. One important concept that all homebuyers should be familiar with though is the appraisal contingency. What is a contingent offer?

Purchase and sale agreement 59

Purchase and sale agreement Earnest money deposit Finance Inspection 59

HomeLight

JUNE 30, 2022

For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. These events may not necessarily prevent you from buying a house, but there may be a time limit required from the time the event happened until you can purchase a home with a mortgage.

Purchase and sale agreement 96

Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

HomeLight

JANUARY 10, 2023

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.

Purchase and sale agreement 111

Purchase and sale agreement Natural hazards disclosure Inspection Title 111

HomeLight

AUGUST 9, 2022

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? But that doesn’t mean the money will leave your account just yet. Down payment due dates can be a bit of a gray area. Transfer tax.

Earnest money deposit 111

Earnest money deposit VA loan Purchase and sale agreement FHA loan 111

Realty Biz

JANUARY 9, 2024

From preparing your home for sale to negotiating offers, these tips will ensure a successful sale. From nearly forty years experience being a Realtor, many home sellers make significant mistakes that cost them money. Sometimes it stops their sale dead in its tracks until the errors are corrected.

Earnest money deposit 95

Earnest money deposit Purchase and sale agreement Title search Title 95

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

Closing 119

Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

OCTOBER 29, 2020

As the term implies, a contingent offer proposes a deal that can only be brought to fruition if certain conditions are met. As you’d likely imagine, some contingencies are negotiable, while others simply are not. Home inspections. So can a financing contingency be negotiable? Sales contingency.

Purchase and sale agreement 81

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81