HomeLight

APRIL 29, 2021

For example, in 2017, a competitive housing market in Western Washington prompted “serious buyers” to waive home inspections and financing contingencies. Buyers may also throw in deal sweeteners such as a seller rent back , which allows you to stay in the home (renting from the buyer for a period of time) after closing.

Marketing 109

Marketing Sales Agents Construction 109

HomeLight

OCTOBER 1, 2020

If the appraiser only looked at sold listings while there are pending sales that might be more comparable to your would-be property, that’s something else that can affect a home’s appraised value. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal.

Purchase and sale agreement 88

Purchase and sale agreement Short sale Rent back Sales 88

HomeLight

NOVEMBER 10, 2021

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

Inspection 89

Inspection Title Pre-approval Agents 89

HomeLight

JANUARY 4, 2022

A cash buyer will generally not use a financing, appraisal, or home sale contingency , and many cash buyers will inspect the property for informational purposes only. Your inspection could reveal a big repair that you did not anticipate, forcing a renegotiation. You’re overwhelmed with prepwork.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

APRIL 21, 2022

If specific criteria aren’t met, the deal can fall through; i.e., the sale is contingent upon various factors outlined in the offer. Common contingencies include an inspection contingency and an appraisal contingency. You’re behind on mortgage payments or facing foreclosure or a short sale.

Inspection contingency 107

Inspection contingency Home sale contingency Pre-approval Agents 107

HomeLight

DECEMBER 15, 2022

Pre-foreclosure or short sale transactions. Someone facing a foreclosure or who has negotiated a short sale with their lender could have a very negative reaction. If the appraisal comes in low , or the home inspection reveals major issues, you might want some wiggle room for negotiations.

Inspection 91

Inspection Closing Rent back Agents 91