HomeLight

MARCH 31, 2022

For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. What is a contingency clause?

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 80

HomeLight

MARCH 20, 2023

After all, few people can afford to hold two mortgages. At the same time, it usually does not make sense for buyers to sell their home without having a new one lined up to move into. So what options does that leave for the homebuyer who must also be a home seller ? Find a Buyer's Agent What is a home sale contingency?

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 89

HomeLight

APRIL 21, 2022

You found your new home and want to avoid carrying two mortgages. Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Your home has recently gone on and off the market.

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Inspection contingency Home sale contingency Pre-approval Agents 105

HomeLight

SEPTEMBER 11, 2020

Then, make sure you are only searching for, and writing offers for, homes you can truly afford. Get preapproved for a mortgage. The importance of getting preapproved for a mortgage can’t be overstated if you want your offer to be taken seriously. No sales contingency? Decide where you can be flexible.

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 80