HomeLight

SEPTEMBER 30, 2020

Unexpected setbacks and misfortunes happen, whether that stems from a dramatic housing market downturn, getting laid off, or any other wrenches that life (or a worldwide pandemic) throws into your plans. If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course.

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Short sale Closing costs Closing Sales 97

Point2Homes

DECEMBER 8, 2020

Therefore, if you find a property that you really want to purchase but has been marked as “contingent,” it could be well worth your time to have your real estate agent check into where things are in the transaction. How is Contingent Different from Pending? Short Sale. Probate contingencies are far less common.

Purchase and sale agreement 145

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

HomeLight

SEPTEMBER 1, 2020

There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”.

Banks 78

Banks Inspection contingency Inspection FHA loan 78

HomeLight

JULY 31, 2020

If all else fails and the repairs are too significant, it’s important to have an inspection contingency in the contract that allows the buyer to cancel the deal after evaluating the inspection report without losing their earnest money deposit. Short sale. Problems with the title. How it can delay closing.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

HomeLight

FEBRUARY 26, 2021

By saying your sale is “as is,” you’re not preventing a buyer from requesting an inspection , just signaling that no matter what the inspection finds, you don’t want to negotiate on price. In fact, NAR notes that cash sales comprised 19% of December’s housing sales. Source: Gerd Altmann / Pixabay).

As-is 95

As-is Sales Inspection Investor 95

HomeLight

AUGUST 31, 2020

Although you might hope to get a bargain in an REO sale, there’s no guarantee that you’re going to get a great deal. Order your own appraisal or at least get your agent to run a comparative market analysis for you. Get an inspection contingency so you can get out of the deal if there are serious issues that the bank missed.

Banks 93

Banks Inspection Inspection contingency Title 93

HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Inspection contingencies.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 77