Remove Inspection contingency Remove Loans Remove New Construction Remove Purchase and sale agreement
article thumbnail

How Long Does it Take to Close on a House? 11 Steps From Your Offer to Keys in Hand

Redfin

The lender will draw up paperwork that’s specific to the house and loan amount. Practically speaking, you’re committed to your lender from this point forward, since there won’t be time to restart the mortgage process with a new lender and still meet the closing date shown in your purchase agreement.

Closing 75
article thumbnail

Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo? Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon.

MLS 92
Insiders

Sign Up for our Newsletter

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

article thumbnail

When Is a House Down Payment Due and How Much Do I Need?

HomeLight

It’s the first financial move you’ll make in securing your new home purchase. Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. Again, more on this later!).

article thumbnail

Closing Documents for Buyers: 15 Closing Documents to Bring, See, Sign

HomeLight

You’ll need to bring or sign a whole slew of documents to complete the purchase. You need to prove your identity because you will be signing several documents (namely the title and loan documents), which will need to be notarized. Loan application. If you purchased title insurance, it would be in here, too.

Closing 87
article thumbnail

Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

Before you start looking for homes in Florida, you want to determine if you’re ready to purchase one. Homebuyers in Florida pay an average of approximately 2.58% of the home’s purchase price in closing costs when purchasing a home. The median home price in Florida is $415,762 as of July, 2022.

article thumbnail

A Fail-Proof System for Estate Sale Listing Success

HomeLight

But when it’s an estate sale, emotions can run even higher. He is the broker and owner of Proof Real Estate in San Francisco, California where he specializes in estate sales. On today’s episode, we’re gonna talk about Craig’s five-step formula for estate sale listing success.

Sales 66