article thumbnail

Calque launches another “Buy Before You Sell” program

Housing Wire

Fintech Calque rolled out an affordable version of its Buy Before You Sell program that enables homeowners to remove home sale contingencies and debt-to-income (DTI) constraints. The Calque PPG will be the minimum amount required to remove the home sale contingency, according to the firm.

article thumbnail

A kick-Out Clause Beats a Home Sale Contingency For Sellers

Realty Biz

Kick-Out Clause vs. Home Sale Contingency. When the real estate market favors sellers home sale contingencies almost become extinct. In hot markets there would never be a need for a seller to even considered a home sale clause. However, there is one alternative that will become more popular.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is a Home Sale Contingency?

HomeLight

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?

article thumbnail

Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

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?

article thumbnail

How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. For out more: The Trade-in Mortgage, powered by Calque.

article thumbnail

It’s no longer a frenzy, but the Bergen County housing market is still hot

Housing Wire

Local agents attribute much of the lack of existing inventory to homeowners locked in at pandemic-era low mortgage rates , but Fontanella said this isn’t the only issue.

Marketing 393
article thumbnail

Real Estate Contingencies: What They Are and Why They Matter

Windemere Buying

If issues are uncovered, this contingency allows you and your agent to request repairs, present the seller with a new offer that accounts for the homes lessened condition, or cancel the contract entirely. Even if you are pre-approved for your mortgage , you may not be able to obtain the right loan for the home.