HomeLight

DECEMBER 12, 2023

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. This is where a mortgage contingency can save the day. A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. How does a mortgage contingency work?

Earnest money deposit 102

Earnest money deposit Mortgages Purchase and sale agreement Finance 102

HomeLight

JANUARY 31, 2024

You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean? In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. How long can a house be contingent?

Purchase and sale agreement 102

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 102

Realty Biz

MARCH 29, 2023

This is someone who wants to buy a property with an all-cash bid, eliminating the need for a mortgage or other financing solution. Property sales often involve several contingencies , but cash buying can eliminate some, making things easier. For example, there's no need for a loan contingency (mortgage contingency).

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Home sale contingency Loan contingency Finance Loans 72

Realtor.com

NOVEMBER 28, 2022

” Still, it’s worth noting that some home sellers might be able to justify and absorb the higher interest rates since their home sale will likely bring a windfall of cash. On the other hand, “Selling first lets you know just how much you’ll make on the sale before shopping for your next home,” Hale says.

Marketing 119

Marketing Pre-approval Equity Finance 119

HomeLight

APRIL 25, 2022

It seemed like it would be a lot more difficult to put them through the stress of having a sales contingency and trying to work around their schedules, making sure the house stays clean for showings and so on — it would really inconvenience their lives.”. Source: ( Peter Abdelmesseh. It’s so smooth and it helps me a lot.

Loan contingency 85

Loan contingency Agents Sales Finance 85

HomeLight

AUGUST 31, 2021

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. There’s no financing contingency.

Due diligence 79

Due diligence Inspection Pre-approval Pre-qualification 79

HomeLight

AUGUST 23, 2022

Clients using HomeLight’s Simple Sale platform don’t have to worry about additional repairs, prepping their home for listing or showings. Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average sales price in Ohio. Request Offer.

As-is 97

As-is Investor Closing costs Inspection 97