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. Review your closing disclosure.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realtor.com

DECEMBER 10, 2020

In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale.

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

APRIL 17, 2024

Others perform a home inspection while their competitor skips one. If you sell to them, you can skip making repairs, cleaning your home, and keeping it clean for showings, and staging. Like Opendoor, they typically perform a home inspection before finalizing their offer. But beyond this similarity, how do they stack up?

Seller concession 93

Seller concession Inspection Rent back Closing 93

HomeLight

APRIL 29, 2021

Your buyer’s loan approval is often the closing step that takes the longest. Ellie Mae estimates that it takes 46 days on average to close a loan. Issues like loan delays, survey issues, and title issues can stretch your closing weeks or longer. Do you need interim housing, a specific closing date, or a seller rent back ?

Purchase and sale agreement 94

Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

HomeLight

FEBRUARY 28, 2022

When you start thinking about listing your home, make sure these key bases are covered to help make your sale go quickly and smoothly: Clean, declutter, and stage. 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.

Equity 116

Equity Debt-to-income ratio Closing Loans 116

HomeLight

FEBRUARY 4, 2022

Guide you through the steps of due diligence and inspections. While it’s true that a home purchased with a mortgage loan will be evaluated by an appraiser before all is said and done, there’s more to a fair price than a bank’s willingness to loan money. Provide advice on first-time buyer programs and recommend mortgage lenders.

Agents 91

Agents Purchase and sale agreement Due diligence Inspection 91

HomeLight

JANUARY 7, 2022

They’ll also introduce you to options, such as a bridge loan or home equity line of credit, to assist in your sale if needed. Prepare your home for sale (4 to 6 weeks): Your agent will help you price your listing and assist in staging your home if needed. Option 3: Buy with a bridge loan. That’s where a bridge loan comes in.

Equity 103

Equity Loans Debt-to-income ratio Closing 103