HomeLight

JANUARY 3, 2024

What contingencies might be attached to ‘under contract’ listings? Oriana Shea , a top-rated agent in California who has been helping homebuyers for 26 years, says that, depending on local multiple list service (MLS) rules and where the property is located, a listing might actually be tagged as “contingent” rather than under contract.

Purchase and sale agreement 111

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 111

HomeLight

JANUARY 3, 2023

Since you won’t be able to access MLS data without a real estate license, you’ll need to look at major home search sites to collect your data. Listing on the multiple listing service (MLS) will get your property more visibility. You can even tap into your home’s equity — HomeLight can provide a downpayment loan on your new home.

Purchase and sale agreement 110

Purchase and sale agreement Inspection MLS Inspection contingency 110

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. Buyers also can use the findings of an inspection to negotiate for repairs or credits.

MLS 103

MLS Backup offer Inspection contingency Purchase and sale agreement 103

HomeLight

JANUARY 10, 2023

Since you won’t be able to directly access MLS data without a real estate license, you’ll need to look at major home search sites to collect your data. Listing on the multiple listing service (MLS) will get your property more visibility. You can even tap into your home equity to help cover your downpayment on your next home.

Purchase and sale agreement 106

Purchase and sale agreement Natural hazards disclosure Inspection Title 106

HomeLight

SEPTEMBER 1, 2020

Ask your agent to find you bank-owned or REO homes on the MLS (multiple listing service) that meet your specifications. As you weigh your options, really take a close look at which of your top choices offers the best value overall and which one might allow for significant gains in sweat equity via easily implemented corrections.

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Banks Inspection contingency Inspection FHA loan 96

HomeLight

SEPTEMBER 10, 2022

It’s common for buyers to use the equity in their current house to help finance the next one, so home sale contingencies are not unusual when the market isn’t red hot. Such contingencies often give the buyers limited time, such as 30, 60, or 90 days to sell their old home. An inspection contingency.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 107

HomeLight

JULY 29, 2022

Appraisers use local multiple listing services (MLS) to evaluate this, among other resources. It means you have agreed to pay the seller less than what the property is worth , so you have already built equity in your new home! The inspection usually does not affect the mortgage loan, while an appraisal might.

Purchase and sale agreement 101

Purchase and sale agreement Earnest money deposit Inspection Loans 101