HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 92

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Guide you through the steps of due diligence and inspections. Agents really know the real estate market.

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Agents Purchase and sale agreement Due diligence Inspection 95

HomeLight

OCTOBER 1, 2020

Here’s how it works: The appraiser will find at least three nearby comparable homes ( “comps” ) that are about the same size and age as yours, which were sold recently (typically within the past three to six months), and the appraiser will then use regression models and their market knowledge to come up with the value of your coveted property.

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Purchase and sale agreement Short sale Rent back Sales 88

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Buy-and-hold investors are individuals who offer competitive prices for market-ready homes.

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Purchase and sale agreement Investor Agents Sales 108

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. If you purchased the home recently, such as a year or two ago, it’s possible you haven’t built up much equity yet. Look-back: You did not exclude the gain from the sale of another house within two years from the sale of this house.

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Purchase and sale agreement Equity Agents Staging 114

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

SEPTEMBER 11, 2020

Even a pandemic failed to slow down the 2020 real estate market. To help you set yourself up for success, read our primer with expert-backed tips for deciding on and presenting the strongest possible offer. Does that mean a cash offer in your market? No sales contingency? Source: (Andrea Piacquadio / Pexels).

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 84

HomeLight

MAY 24, 2021

If you’re looking to buy in 2021, then you already know that the market is white-hot. Home sales have skyrocketed, and home inventory is historically low. That means it’s a prime seller’s market — and a potentially tough go for hopeful buyers. Our expert-backed guide is here to help. Talk to your agent about the market.

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Pre-qualification Pre-approval Purchase and sale agreement Loans 105

Realty Biz

MAY 16, 2022

In most areas of the US, there have been bidding wars on nearly every house that hits the market. With so few homes for sale, buyers are fighting over each property that hits the market. Waive Your Home Inspection. Doing so is a lot riskier than waiving a home inspection. For buyers, it has been excruciating.

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Earnest money deposit Purchase and sale agreement Rent back Inspection 95