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Stefan Peterson, zavvie chief data officer and co-founder, explains the impact on the typical consumer: “A Denver buyer with a traditional mortgage and a loan contingency had to make offers on an average of seven homes before winning the day.” MORE
A cash offer eliminates the need for an appraisal and bank approval for a loan, contingencies most homebuyers are required to include in an offer. Remember, this new, higher amount will increase your mortgage payments for the term of the loan. 5) Eliminate contingencies. MORE
It doesn’t happen often but there can be issues that the seller’s lender will make the loan contingent upon. The seller can’t be forced to make the repair but chances are they won’t be able to sell contingent on a loan until the repair is made. MORE
Agent Brokerage Markets & Economy Mortgage Mortgage & Alternative Financing Month Select Service appraisal cma comparative market analysis down payment loan approval loan contingencies market value multiple offers non-contingent offers theme-month-202103 MORE
Loan contingency Related Topics Inman
MARCH 23, 2021
Agent Brokerage Markets & Economy Mortgage Mortgage & Alternative Financing Month Select Service appraisal cma comparative market analysis down payment loan approval loan contingencies market value multiple offers non-contingent offers theme-month-202103
RIS Media
JULY 30, 2021
Stefan Peterson, zavvie chief data officer and co-founder, explains the impact on the typical consumer: “A Denver buyer with a traditional mortgage and a loan contingency had to make offers on an average of seven homes before winning the day.”
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Redfin
SEPTEMBER 2, 2020
A cash offer eliminates the need for an appraisal and bank approval for a loan, contingencies most homebuyers are required to include in an offer. Remember, this new, higher amount will increase your mortgage payments for the term of the loan. 5) Eliminate contingencies.
Realty Biz
JANUARY 7, 2021
It doesn’t happen often but there can be issues that the seller’s lender will make the loan contingent upon. The seller can’t be forced to make the repair but chances are they won’t be able to sell contingent on a loan until the repair is made.
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