Remove Equity Remove Home sale contingency Remove Mortgages Remove Purchase and sale agreement
article thumbnail

How Long Can a House Be Contingent?

HomeLight

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean? How long can a house be contingent?

article thumbnail

Should I Waive the Mortgage Contingency in My Offer?

HomeLight

The decision to waive the mortgage contingency, while potentially making your offer more appealing, carries a sloshing bucket of risks and considerations. But it can also tilt a sale in your favor. You can then make a strong offer on your next home with no home sale contingency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Under Contract vs. Pending: A Home Buyer’s Guide to Status Tags

HomeLight

Searching for a home to buy can be a time of excitement and anxiety. You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” Can you make an offer on a home that’s under contract?

article thumbnail

The Top 9 Contingencies to Consider in Your Offer When Buying a Home

Redfin

A trained and certified home inspector will look for issues with the structure and home systems (like plumbing, electrical, and HVAC) that may not be obvious to the buyer. When you purchase a house that ends up in need of a major repair, you could take a significant financial hit. 2) Appraisal contingency.

article thumbnail

How to Sell a House by Owner in Colorado

HomeLight

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.

article thumbnail

What is a 72-Hour Kick Out Clause And How Does It Work In a Home Sale?

HomeLight

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. Kick-out clauses are often employed when the buyers have to sell their current home first, and the sellers want to continue marketing their home in the meantime.

article thumbnail

How to Start Investing in Real Estate with No Money: A Handbook for Beginners

HomeLight

And you’ll also need to check with your landlord and leasing agreement to make sure renting your apartment is permitted in the first place (many leases prohibit subletting). Insisting upon a signed and notarized legal rental agreement. Consider a master lease agreement. A few tips: Remove valuable items to another location.