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 102

Rent back Inspection contingency Earnest money deposit Finance 102

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. To avoid repair negotiations, some sellers conduct a pre-listing inspection to get ahead of issues and make repairs in advance. You accepted an offer ! But not so fast.

Purchase and sale agreement 92

Purchase and sale agreement Pre-approval Inspection Inspection contingency 92

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. There’s no financing contingency.

Due diligence 73

Due diligence Inspection Pre-approval Pre-qualification 73

HomeLight

FEBRUARY 28, 2022

Some sellers will even order their own inspection prior to putting their house on the market, especially if they know the house needs significant work. Decide on contingencies. If so, you’ll want to decide what kind of contingency you plan to include with the listing.

Equity 114

Equity Debt-to-income ratio Closing Loans 114

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. High price, short inspection period, quick close. I can’t do the three-week close unless I can order the appraisal tomorrow and inspect on Monday.

Agents 97

Agents Inspection Inspection contingency Pre-approval 97

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. High price, short inspection period, quick close. I can’t do the three-week close unless I can order the appraisal tomorrow and inspect on Monday.

Agents 70

Agents Inspection Inspection contingency Pre-approval 70