Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Mortgage Financing Clause.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 105

HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Kauffman confirms that seller credits are an important building block of the negotiation process.

Closing 83

Closing Seller concession Sales Closing costs 83

HomeLight

APRIL 29, 2021

Loan payoff amount. Loan payoff includes the remaining principal and interest owed up until closing. Seller concessions. Sellers may owe money at closing for financing concessions they agreed to pay for during the negotiation process to help close the sale. Source: (Sebastian Herrmann / Unsplash).

Closing costs 59

Closing costs Closing Seller concession Homeowner’s association 59

HomeLight

MARCH 23, 2022

Once you decide to buy a home, looking into your financing options should be one of the first steps. But there’s a catch: Because you don’t typically have to provide any documentation, nothing is verified, and this loan amount isn’t guaranteed. Buyers who go this route may even be able to remove their financing contingency.

Pre-approval 90

Pre-approval Marketing Inspection Finance 90

The Close

FEBRUARY 6, 2024

The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. Work with your lender before you submit any offer, and start the loan process for your clients early.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

OCTOBER 18, 2022

Negotiate concessions. Discuss inspection contingency. To determine how much you will make, first, you need to know: What expenses and closing costs sellers in California can expect. Mortgage loan payoff. Pre-listing inspection. This document provides: Loan payoff information. Final loan terms.

Purchase and sale agreement 84

Purchase and sale agreement Inspection Closing costs Staging 84