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A kick-Out Clause Beats a Home Sale Contingency For Sellers

Realty Biz

Kick-Out Clause vs. Home Sale Contingency. When the real estate market favors sellers home sale contingencies almost become extinct. In hot markets there would never be a need for a seller to even considered a home sale clause. However, there is one alternative that will become more popular.

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Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. What is a contingency clause?

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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.

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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?

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. For out more: The Trade-in Mortgage, powered by Calque.

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How Do I Get A Buy Before You Sell Mortgage? (Bridge Loan)

HomeLight

If you need assistance with a bridge loan or “buy before you sell” mortgage, HomeLight encourages you to reach out to your own advisor. Navigating the journey of selling your current home and stepping into a new one can feel like a daunting dance of timing and finance.

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Bridge Loans in Washington, D.C.: How to Unlock Home Equity to Buy Before You Sell

HomeLight

It can be difficult to juggle the timing and financial details when you’re pressed to sell before you can invest in your new home. Enter the bridge loan – a short-term financing option. You can then make a strong offer on your next home with no home sale contingency.

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