Remove Finance Remove Lending Remove Pre-approval Remove Title search
article thumbnail

Can You Put an Offer on a House That’s Contingent?

RIS Media

Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. While financing may be pre-approved, the process is complex. The title search reveals issues.

article thumbnail

8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Providing documentation of pre-approval - Providing proof of pre-approval from a lender will show that they're ready and willing to lend money when needed during escrow. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 First-Time Home Buyer Blunders To Avoid

Lighter Side of Real Estate

Ask an agent to go see houses before getting pre-approved. If you haven’t actually qualified for financing, you should hold off on going to look at houses with a real estate agent (or even going to open houses), since there’s no guarantee that a mortgage company can lend you the money.

article thumbnail

New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

article thumbnail

How to Feel More Financially Prepared to Buy a House in Just 5 Minutes a Day

Realtor.com

When you are buying a home, you likely will start hearing some new real-estate and mortgage-related lingo, such as loan pre-approval, down payment, earnest money, escrow, closing costs, and more. Get a handle on your financing. Here are a few baby steps to help you feel more financially prepared to buy a home.

article thumbnail

How Long Does It Take to Close on a House From Start to Finish?

HomeLight

And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. If the purchase is being financed with a loan, he estimates that the closing will take around 60-90 minutes because of the small mountain of paperwork the buyer will need to sign.

Closing 111
article thumbnail

Find Out What Really Happens When You Waive Contingencies to Score a Home

Realtor.com

Contingency: Financing. This contingency gives you the right to back out of the deal if your home financing falls through. But not every buyer needs to worry as much about financing. Bottom line: Talk it over with your Realtor and mortgage broker and find out just how confident you should be in your financing.