Inspection Mortgages Purchase and sale agreement Rent back 
HomeLight
MARCH 31, 2022
For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. Source: (Masjid MABA / Unsplash). What is a contingency clause?
Redfin
JULY 28, 2020
markets waived the inspection contingency, compared with just 13.2% The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. Active listings—the count of all homes that were for sale at any time during a given month— dropped 20.7%
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Redfin
FEBRUARY 2, 2021
A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. According to Redfin’s Chief Economist Daryl Fairweather, “mortgage rates are as low as they may ever get, so if you are able to buy a home now, you can take advantage of low rates before they rise.”
Redfin
MAY 7, 2021
In a seller’s market, you may be tempted to put an offer on a home that’s contingent on the sale of your current home. For those unfamiliar with HELOC or Bridge Loans, they use your home’s equity, the difference between your home’s value and the amount owed on your mortgage, to secure the loan. But there’s always a trade-off.
Redfin
JULY 30, 2020
I never would have chosen to buy a house this way, but I’d rather take a risk with my home purchase than take a risk with my family’s health,” Sanchez said. “I In New York City, some sellers aren’t even allowing buyers into their homes until they’ve been pre-approved for a mortgage, according to local Redfin agent Martin Freiman. .
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. After all, few people can afford to hold two mortgages. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency?
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). Provide advice on first-time buyer programs and recommend mortgage lenders. Work with you to write a compelling purchase offer. An agent is your advocate. And lots more!
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