HomeLight

JULY 6, 2023

So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo? Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon.

MLS 90

MLS Backup offer Inspection contingency Purchase and sale agreement 90

HomeLight

JULY 31, 2020

This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency. The seller makes decisions based on the terms of your offer, including contingencies. So in many cases, making an all-cash offer means you won’t even attempt to obtain financing at all. (No

Purchase and sale agreement 97

Purchase and sale agreement Inspection contingency Proof of funds Finance 97

HomeLight

JULY 31, 2021

Brian Martucci , a personal finance expert for Money Crashers , says that cash buyers tend to target the types of properties and sellers that reinforce the inherent advantages of their strategy. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Motivated sellers.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance.

Sales 79

Sales Investor Due diligence Renovation 79

HomeLight

AUGUST 25, 2020

If your home is overdue for some repairs or renovations that you opted to skip, that could deter buyers who are looking for something that’s move-in-ready. According to the National Association of Realtors (NAR), 88% of homebuyers financed their home purchases. Resist the urge to do major renovations. Condition of the home.

Closing 117

Closing Pre-approval Inspection Days on market 117

HomeLight

DECEMBER 29, 2021

Whenever a buyer is financing the purchase of a home or refinancing a mortgage , an appraisal of the property is required in order to assure the lender that the value of the property matches the amount of the loan, according to the Appraisal Institute , the nation’s largest professional association of real estate appraisers. So are receipts.

Purchase and sale agreement 102

Purchase and sale agreement VA loan Loans Agents 102

HomeLight

JUNE 17, 2022

Your want to sell your home without renovating. You don’t have the time or money to do renovations and want to move without extensively updating your home, and are willing to accept less money for it. Contingencies : These are specific conditions under which a buyer will purchase your home. You’re selling a newly remodeled home.

Inspection 103

Inspection Pre-approval Inspection contingency Renovation 103