Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Contingent Statuses.

Purchase and sale agreement 145

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

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

Closing 109

Closing Purchase and sale agreement Title search Earnest money deposit 109

HomeLight

NOVEMBER 10, 2021

The term iBuyer encompasses a list of companies including Opendoor, Offerpad, Zillow, Redfin, and HomeLight (we offer iBuying services through our Simple Sale and Trade-In platforms). HomeLight Simple Sale. With Simple Sale , HomeLight provides an all-cash offer for homes in almost any condition. Request Cash Offer.

Home sale contingency 94

Home sale contingency Sales Closing Short sale 94

HomeLight

APRIL 15, 2022

While this example is hypothetical, it is representative of how a small but growing number of people are choosing to sell their homes through iBuyer real estate solutions. We also include information about HomeLight’s Simple Sale platform, an online home-selling program that provides competitive all-cash offers for homes across the country.

Title 83

Title House Flipping Title search Sales 83

HomeLight

JANUARY 13, 2022

These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common types of contingencies.

Backup offer 76

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 76

HomeLight

MARCH 21, 2022

Reduce the stress of selling by requesting a cash offer from HomeLight’s Simple Sale platform today. Doug Van Soest , who owns a house flipping business in Southern California, purchases an average of 40 to 50 homes per year and says he typically aims for at least a 10% return on his investment. Request Offer. WeBuyHouses.com.

Closing costs 94

Closing costs Home sale contingency Investor Closing 94

HomeLight

JULY 6, 2023

Title contingency Before closing, a title company pulls public records and other details to guarantee that no one else can stake a claim on the property you’re trying to sell. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours.

MLS 91

MLS Backup offer Inspection contingency Purchase and sale agreement 91