Housing Wire
DECEMBER 8, 2023
Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. The more you know, the better job you’ll do finding them exactly what they’re looking for.
HomeLight
SEPTEMBER 9, 2020
That’s because “a buyer purchasing a home with a mortgage loan could still lose their financing, even with a solid preapproval letter. Once you’ve figured out where the money is coming from, it will be easier to take the next step: getting proof that you have the cash. Obtain proof of funds from the bank. Find your house.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
HomeLight
JUNE 29, 2021
Before accepting an offer, check for the following contingencies, and determine whether you find the contingencies acceptable or wish to negotiate them out of the deal. Financing contingency. Financing issues can cause closing delays up to three weeks — or worse, kill the deal entirely. Appraisal contingency.
HomeLight
OCTOBER 30, 2020
The “as is” label signals that as the seller, you aren’t willing to negotiate on price no matter what comes up in the inspection. However, a buyer could still include an inspection contingency in the contract. Additionally, waiving the inspection contingency makes for a more compelling offer to most sellers.
HomeLight
JULY 31, 2020
This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency. The seller makes decisions based on the terms of your offer, including contingencies. So in many cases, making an all-cash offer means you won’t even attempt to obtain financing at all. (No
Point2Homes
SEPTEMBER 30, 2021
Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. It’s used by buyers who already have a home they’re looking to sell to finance buying another one.
HomeLight
JULY 31, 2021
Brian Martucci , a personal finance expert for Money Crashers , says that cash buyers tend to target the types of properties and sellers that reinforce the inherent advantages of their strategy. 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.
Expert insights. Personalized for you.
402 
Let's personalize your content