The Close

FEBRUARY 6, 2024

Additional concessions could be: Paying for title: This typically ranges from 1% to 2% of the home’s purchase price. When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it. That could be a pretty sizable chunk of money from the seller’s profit.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

APRIL 29, 2021

During this time, you and the buyer complete the following: Negotiate the terms of your purchase agreement, including contingency timelines. Work with the title rep to review and clear any title issues. Issues like loan delays, survey issues, and title issues can stretch your closing weeks or longer. Open escrow.

Purchase and sale agreement 96

Purchase and sale agreement Pre-approval Inspection Inspection contingency 96

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MARCH 2, 2023

Your buyer’s agent will be able to help you create a wishlist , set up viewing appointments for you, tell you more about what’s going on in the neighborhood, negotiate on your behalf, and connect you with other vendors such as a title company, insurance agent, and home inspector. What is their timeline and what will make our offer stand out?”

Closing 95

Closing Earnest money deposit Sales Inspection 95

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. Offer to accept a rent-back agreement. Flexibility shows good faith.

Home sale contingency 93

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 93

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. You’re not on title. She says that’s the most important part of the offer when you’re trying to win a bidding war.

Agents 73

Agents Inspection Inspection contingency Pre-approval 73

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. You’re not on title. She says that’s the most important part of the offer when you’re trying to win a bidding war.

Agents 98

Agents Inspection Inspection contingency Pre-approval 98