RIS Media

APRIL 8, 2022

A qualified appraiser establishes the home value via many factors ranging from location to condition. Appraisals that are lower than expected may put a home back on the market. The lending institution can also stop the transaction. . Home inspection problems. The clause is referred to as a home sale contingency. .

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 75

Purchase and sale agreement Earnest money deposit Title search Pre-approval 75

Redfin

MARCH 3, 2022

A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. It’s used to determine how much you can borrow and assures the lender that they aren’t lending more than what the home is worth. Clouds on the title. Delayed approvals from Homeowners Associations.

Closing 62

Closing Title search Purchase and sale agreement Title 62

HomeLight

JULY 29, 2022

That likely went right to your lender, so ask to get a copy from either them or directly from the title company. 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.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

JULY 31, 2022

If you’re applying for a mortgage, your lender will require an appraisal to determine the actual value of the home. Lenders will use the lower of the purchase price or appraised value when determining how much they will lend. Home sale contingency. Choose a title company and order a title search.

Earnest money deposit 89

Earnest money deposit Agents Purchase and sale agreement Title 89

HomeLight

JULY 26, 2022

When you make an offer, be sure to include any contingencies that you want fulfilled. Common contingencies include, but aren’t limited to: Inspection contingency. Appraisal contingency. Financing contingency. Home sale contingency. Final walkthrough contingency. Title contingency.

Earnest money deposit 96

Earnest money deposit Purchase and sale agreement Title Inspection 96