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. After all, few people can afford to hold two mortgages. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency?

Home sale contingency 95

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 95

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. Get preapproved for a mortgage. No sales contingency? Determine how much earnest money to offer.

Earnest money deposit 86

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 86

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realty Biz

MAY 16, 2022

With so few homes for sale, buyers are fighting over each property that hits the market. You are essentially telling the seller that in the event the appraisal comes in low, you will do what it takes to satisfy the mortgage lender. Remove Your Mortgage Financing Contingency. Rent back agreements can be super attractive.

Earnest money deposit 95

Earnest money deposit Purchase and sale agreement Rent back Inspection 95