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Everything You Need to Know About Loan Contingency Removal

Mashvisor

Loan contingency removal can benefit both the buyer and seller in a real estate transaction. A contingency sets conditions that… Beginner Investors Investor Blogs Real Estate TipsBut there are some things you need to consider first.

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Escalation Clause? Bridge Loan? 9 Real Estate Terms Buyers Need To Know To Survive in This Market

Realtor

Appraisal contingency. Having an appraisal contingency in your purchase agreement means you will buy the home only if the home appraisal is equal to or above the sales price. Bridge loan. This type of loan is a good option for borrowers who need a lot of cash on hand.

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Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips

BiggerPockets

Whether someone comes in low or high, the prospect of a smooth closing without any loan contingencies is often more than […]. A cash offer almost always gets a seller’s attention. Real Estate Rookie Podcast

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The Next Evolution of iBuyers: ‘Power Buyers’

RIS Media

Power Buyers solve this for sellers by helping them buy without a loan contingency before they sell. The past year has changed the way people buy and sell homes, with new buying and selling options gaining traction in the marketplace.

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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

The data show that consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency.

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Zavvie Releases Seller Preferences Report

RIS Media

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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A California Conundrum: Selling One Home to Buy Another? It’s Simple With HomeLight Trade-In

HomeLight

It seemed like it would be a lot more difficult to put them through the stress of having a sales contingency and trying to work around their schedules, making sure the house stays clean for showings and so on — it would really inconvenience their lives.”.

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5 Strategies To Win a Bidding War That Have Nothing To Do With Offering More Money

Realtor.com

To expedite your timeline, she recommends having your loan officer and pre-approval lined up, your real estate attorney hired, and a home inspection scheduled the day after the offer is to be accepted. Waive your appraisal contingency.

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zavvie Reveals new iBuyer and Power Buyer Report

RIS Media

According to zavvie, consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency.

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3 Common Reasons Homebuyers Are Unable To Win the House—and How To Get Around Them

Realtor.com

It could be shortened timelines, waived contingencies , large deposits, or postclose occupancy , he says. Being unwilling to waive contingencies. A contingency is a contractual escape clause buyers write into their offers. Same with the appraisal contingency,” he says.

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Tips for Negotiating After the House Inspection

Realty Biz

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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How To Buy and Sell a Home at the Same Time—in Today’s Haywire, High-Interest Rate Housing Market

Realtor.com

“There are bridge loans that will allow for short-term use of equity from your current property to serve as a down payment for the next property if this is needed.

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Use These 8 Strategies to Get Yourself a Home in 2022’s Real Estate Market

HomeLight

But there’s a catch: Because you don’t typically have to provide any documentation, nothing is verified, and this loan amount isn’t guaranteed. Buyers who go this route may even be able to remove their financing contingency. Only include essential contingencies.

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11 Tips to Win a Bidding War on a House

Redfin

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.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan.

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How to Sell a House ‘As Is’ in Ohio

HomeLight

Be aware of minimum property standards for certain loans. When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer prequalified for a home loan. Looking to sell a house “as is” in Ohio?

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How to Sell Your House Without a Realtor: 14 Steps to Selling FSBO

HomeLight

When reviewing an incoming offer, you’ll take into consideration the overall offer terms, such as: the buyer’s ability to qualify for a home loan. inspection and loan contingency time frames.

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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? In this guide, we’ll take the term “active contingent listing” and break down what it means.