article thumbnail

Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

The bill essentially negates as a negotiating tool the waiving of the home inspection contingency , which makes an offer for a home contingent on the results of an inspection. That’s just the nature of the beast — the cyclic nature of the home-inspection profession.” and Canada. Department of Education.

article thumbnail

Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Financing issues.

Closing 109
Insiders

Sign Up for our Newsletter

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

article thumbnail

4 signs a pending home sale will fall through

Real Trends

Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency. You should also be aware of home sale contingency. With this contingency, the buyer’s home must be sold before they can close on their desired purchase. Financing fallout.

Sales 60
article thumbnail

How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. A 10-day closing translates as getting your home sold around five times faster than with a buyer who needs financing in today’s market.

article thumbnail

Can a Seller Back Out of a Real Estate Contract Without Repercussions?

HomeLight

To provide you with the most expert advice, we consulted with Los Angeles real estate attorney Zach Schorr , top real estate agent Basil Yaqub , who works with over 67% more single family homes than average in his area, and veteran agent Greg Garrett , who brings more than 40 years of experience in the real estate industry to the table.

article thumbnail

Will My House Appraise for Its Selling Price? 10 Tips to Steer Clear of a Low Valuation

HomeLight

If you’re concerned about a low valuation, we’ve gathered the best advice from Bourne and other industry experts on how you can prepare for your appraisal. The financed price is the maximum amount a lender will loan relative to the home’s value ( loan-to-value ratio ). This enables her to determine the right price in the first place.

article thumbnail

How to Sell a House by Owner in Colorado

HomeLight

Let’s review some of the top points of negotiation you may encounter: Contingencies. Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Closing date. Closing dates can be subject to negotiation as well.