HomeLight

APRIL 29, 2021

Do you need interim housing, a specific closing date, or a seller rent back ? Your buyer will use the home inspection report to leverage a deal. Direct buyers are investors or companies that buy homes directly from the owner to resell or rent out for profit. You accepted an offer ! But not so fast.

Purchase and sale agreement 94

Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

HomeLight

AUGUST 31, 2021

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems.

Due diligence 77

Due diligence Inspection Pre-approval Pre-qualification 77

HomeLight

JUNE 30, 2021

There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky. In a hot market, sellers might be seeing offers without any contingencies, which makes a sales contingency a tough sell. Ask for a rent-back clause.

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

HomeLight

FEBRUARY 28, 2022

If so, you’ll want to decide what kind of contingency you plan to include with the listing. You could try to find a buyer who will allow you to do a rent-back on the property, but if that isn’t available, you may need to move into a temporary rental property. If you’re living paycheck to paycheck, this isn’t for you,” he says.

Equity 119

Equity Debt-to-income ratio Closing Loans 119

HomeLight

MARCH 22, 2021

That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back. Sometimes the seller fells a little bit more connected to that buyer than maybe an all cash investor. Oh, they’re worried about their bottom line.

Agents 72

Agents Inspection Inspection contingency Pre-approval 72

HomeLight

OCTOBER 12, 2020

That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back. Sometimes the seller fells a little bit more connected to that buyer than maybe an all cash investor. Oh, they’re worried about their bottom line.

Agents 98

Agents Inspection Inspection contingency Pre-approval 98