Point2Homes

DECEMBER 8, 2020

In this case, even though contingencies are still pending, the seller has decided that they will forego any more showings. Short Sale. Short sales occur when the seller will accept a lower amount than is remaining on their home loan. Notably, short sales don’t have the best completion percentage.

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

HomeLight

JULY 31, 2020

Asking for a home warranty to cover questionable or outdated features. If all else fails and the repairs are too significant, it’s important to have an inspection contingency in the contract that allows the buyer to cancel the deal after evaluating the inspection report without losing their earnest money deposit.

Closing 112

Closing Purchase and sale agreement Title search Earnest money deposit 112

HomeLight

JANUARY 13, 2022

Inspection contingencies. Inspection contingencies mean that a buyer can get a home inspected before the deal goes through, and can back out of the purchase with earnest money intact, depending on what the inspector finds. Inspection contingencies can be waived. Appraisal contingencies.

Backup offer 79

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 79

HomeLight

JULY 6, 2023

So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo? Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon.

MLS 94

MLS Backup offer Inspection contingency Purchase and sale agreement 94

HomeLight

JULY 29, 2022

There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. If an inspection contingency was included in the purchase contract, the buyer can walk away from the sale if the inspection uncovers something ugly.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

APRIL 21, 2022

If specific criteria aren’t met, the deal can fall through; i.e., the sale is contingent upon various factors outlined in the offer. Therefore, the fewer contingencies tied to an offer, the more likely the deal will reach closing. Common contingencies include an inspection contingency and an appraisal contingency.

Inspection contingency 107

Inspection contingency Home sale contingency Pre-approval Agents 107