HomeLight

APRIL 25, 2022

What helped us was being able to waive our appraisal and being able to waive our loan contingency thanks to the online approval process.”. Ultimately, the Johnsons’ lack of contingencies — neither sales nor financing — beat out the competition and won them their happy home.

Loan contingency 105

Loan contingency Agents Sales Finance 105

RIS Media

FEBRUARY 28, 2022

According to the report, consumers gained an advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. Buy Before You Sell, Sale Leaseback and especially Cash Offer options for homebuyers catapulted the growth of Power Buyers and their accessibility to consumers.

Seller concession 98

Seller concession Loan contingency Mortgages Loans 98

HomeLight

DECEMBER 12, 2023

If your loan application is denied, or you can’t secure financing under the terms outlined in the contingency, you can withdraw from the deal and typically recover any earnest money deposit you’ve made. How does a mortgage contingency work?

Earnest money deposit 115

Earnest money deposit Mortgages Purchase and sale agreement Finance 115

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. It’s the surprises that are more negotiable. What Might Be Negotiated.

Inspection 117

Inspection Purchase and sale agreement Loan contingency Loans 117

RIS Media

FEBRUARY 17, 2022

According to zavvie, consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. Buy before you sell, sale leaseback, and especially cash offer options for home buyers catapulted the growth of Power Buyers and their accessibility to consumers.

Seller concession 98

Seller concession Loan contingency Mortgages Marketing 98

Realty Biz

MARCH 29, 2023

Property sales often involve several contingencies , but cash buying can eliminate some, making things easier. For example, there's no need for a loan contingency (mortgage contingency). With a standard purchase, this allows a buyer to back out of a sale if they can't obtain a loan.

Home sale contingency 74

Home sale contingency Loan contingency Finance Loans 74

Realtor.com

NOVEMBER 28, 2022

Hardy points to the strategy of becoming a “certified homebuyer,” which allows sellers to close quickly, without the need for a loan contingency. Homebuyers without as much equity built up in their home have other ways to keep their offer on new homes competitive.

Marketing 119

Marketing Pre-approval Equity Finance 119

HomeLight

SEPTEMBER 18, 2024

Once you accept, you can close the sale swiftly, as there are no inspections or loan contingencies to hold up the process. First, your Boise home is evaluated based on its condition and market value. Then, a cash offer is made. Here are the three easy steps in the Simple Sale process: Who else buys houses for cash in Boise?

Loan contingency 59

Loan contingency Inspection Sales Staging 59

HomeLight

AUGUST 31, 2021

A loan contingent on appraisal could fall through, and the seller would have to find another buyer or reduce the price. The fact that a cash purchase might not require an appraisal can be great for the seller because they don’t have to worry about what will happen to the offer if the house doesn’t appraise high enough.

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

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. R eal estate investors know this trick, and it’s one that homebuyers can also use to their benefit if you can afford it. 4) Increase your offer.

Pre-approval 78

Pre-approval Loan contingency Agents Banks 78

HomeLight

JANUARY 13, 2022

You’ll likely need this type of contingency even if you’ve been preapproved for a mortgage as that process does not guarantee that you’ll get a loan. Financing contingencies may also be called loan contingencies. Source: (Melody Ayres-Griffiths / Unsplash).

Backup offer 97

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

HomeLight

NOVEMBER 29, 2021

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. whether it makes sense counter to a higher purchase price.

Purchase and sale agreement 98

Purchase and sale agreement Inspection MLS Agents 98

The Close

DECEMBER 12, 2024

Typically, probate purchase agreements don’t include a loan contingency, so you must secure a loan in time to avoid losing your deposit. Probate properties are sometimes distressed and may not qualify for traditional financing like a mortgage. Alternatively, the seller might prefer an all-cash offer.

Purchase and sale agreement 97

Purchase and sale agreement Investor Probate sale Due diligence 97

HomeLight

MARCH 23, 2022

Only include essential contingencies. Speaking of contingencies, Peterson says the fewer, the better. If you must include contingencies, such as a loan contingency or appraisal contingency to secure a mortgage, try to include as few as possible. The sooner you do this, the better.

Pre-approval 105

Pre-approval Marketing Inspection Finance 105

HomeLight

AUGUST 23, 2022

Cash eliminates the lender-ordered appraisal as well as the time it takes to close on the buyer’s loan, creating a faster and clearer path to settlement. Some buyers may even make a cash offer with no loan contingency, but then may end up getting a mortgage. Only about five percent of Lynn’s offers are from cash buyers.

As-is 111

As-is Investor Closing costs Inspection 111