RIS Media

APRIL 8, 2022

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. Appraisals that are lower than expected may put a home back on the market.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Realty Biz

JULY 1, 2023

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.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Title search Pre-approval 76

Realty Biz

NOVEMBER 11, 2020

Let’s have a look at the most common types of contingency you are likely to see. Home Inspection Contingency. The purchase of the property can be contingent on the home inspector’s report. If the home requires some repairs, the price can be renegotiated, or the seller can fix the issues.

Backup offer 111

Backup offer Sales Home sale contingency Earnest money deposit 111

Windemere Selling

MARCH 14, 2022

Common Real Estate Contingencies Home Inspection Contingency A home inspection contingency allows the buyer to have the home professionally inspected within a certain window of time. As a seller, it’s important to be transparent in listing any issues with the home.

Purchase and sale agreement 52

Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

Real Trends

DECEMBER 27, 2022

Inspection issues. It is common to expect that the buyer will hire a home inspector to check out the property; this is to avoid inheriting unforeseen major repairs. An inspection can often reveal major issues that either side would not have been aware of. Before a mortgage is approved, lenders will have a property appraisal.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

Windemere Buying

AUGUST 31, 2022

After you and the seller agree on the price of a home, both parties have certain duties to finalize the transaction. Buyers are responsible for securing financing , having the home inspected, and getting the property appraised. Common Real Estate Contingencies. Home Inspection Contingency.

Home sale contingency 52

Home sale contingency Inspection contingency Title Pre-approval 52

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. Loan approval. Repairs identified in the inspection.

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Closing Purchase and sale agreement Title search Earnest money deposit 112