RIS Media

APRIL 8, 2022

While financing may be pre-approved, the process is complex. Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Real Estate appraisals are usually completed when homes are bought via mortgage loans.

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

Realty Biz

JULY 1, 2023

Depending on how far along in the escrow process you are, this can be done in a variety of ways: Providing a deposit - If you have not yet made an offer on a home, consider providing an earnest money deposit as your first step. According to Forbes Advisor, the required credit score for a mortgage depends on the type of loan you are seeking.

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

Realty Biz

NOVEMBER 11, 2020

Understanding how a home inspection works is essential for both buyers and sellers, given the importance of this real estate transaction phase. Home Sale Contingency. If the buyer still needs to sell their home before they can close on the new property, a home sale contingency can be put in place.

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Backup offer Sales Home sale contingency Earnest money deposit 110

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. This ensures that the value of the deal is in sync with the sale price. Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency.

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Sales Home sale contingency Pre-approval Inspection 60

Windemere Selling

MARCH 14, 2022

As a seller, it’s important to be transparent in listing any issues with the home. This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets.

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

Windemere Buying

AUGUST 31, 2022

If they discover issues with the property, this contingency allows you and your agent to present the seller with a new offer that accounts for the home’s lessened condition, or to cancel the contract entirely. Financing Contingency. Home Sale Contingency.

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Home sale contingency Inspection contingency Title Pre-approval 52

HomeLight

JUNE 23, 2022

In most cases, real estate purchase contracts are exclusive agreements , meaning a seller can’t continue marketing the home and accepting additional offers once the home is under contract. The Appraisal Contingency : This contingency typically only applies to offers that require a mortgage to purchase the property.

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 106