Remove Inspection Remove Sales Remove Staging Remove Title search
article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

article thumbnail

What Does It Mean to Back Out of a Home Purchase?

HomeLight

In the realm of real estate, “backing out” refers to the decision a buyer makes to withdraw from a home purchase after the offer has been accepted but before the sale is finalized. As you navigate each stage of a home purchase, you might come upon unexpected turns. What are common reasons a buyer backs out?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What’s the Difference Between a House Under Contract and a Pending Sale?

RIS Media

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. What Is a Pending Sale? Common contingencies relate to a home inspection and financing, but there may be others.

article thumbnail

First Time Selling a House Checklist

Realty Biz

From preparing your home for sale to negotiating offers, these tips will ensure a successful sale. Sometimes it stops their sale dead in its tracks until the errors are corrected. Understand the current market conditions, including recent sales, average time on the market, and pricing trends.

article thumbnail

What Does Contingent Mean in Real Estate Sales

Realty Biz

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

article thumbnail

Can You Put an Offer on a House That’s Contingent?

RIS Media

Here’s all you should know about contingent sales as a potential home buyer. Real estate listings go through different stages. An active listing means the home in question is currently on sale, and sellers are actively open to offers. Home inspection problems. The clause is referred to as a home sale contingency. .

article thumbnail

8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.