HomeLight

DECEMBER 12, 2023

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. A common worry among homebuyers is to find the perfect house, put down a deposit with an accepted offer, and then learn that your mortgage application is denied — you lose both the house and your earnest money. How does a mortgage contingency work?

Earnest money deposit 111

Earnest money deposit Mortgages Purchase and sale agreement Finance 111

HomeLight

JANUARY 31, 2024

You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean? In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. How long can a house be contingent?

Purchase and sale agreement 111

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 111

Realty Biz

MARCH 29, 2023

This is someone who wants to buy a property with an all-cash bid, eliminating the need for a mortgage or other financing solution. 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).

Home sale contingency 72

Home sale contingency Loan contingency Finance Loans 72

Realtor.com

NOVEMBER 28, 2022

Yet any homebuyer out there today will also face steep mortgage interest rates, which have more than doubled over the past year to the 7% range. Most sellers who move would need to get a new mortgage, at a higher rate. Can I handle the possibility of two mortgage payments—and if so, for how long? ® Chief Economist Danielle Hale.

Marketing 119

Marketing Pre-approval Equity Finance 119

RIS Media

JULY 30, 2021

Power Buyers provide homeowners with “buy before you sell,” “sale leaseback” and “cash offers” services. – The average home sale price for iBuyers increased 22% by June 2021, as the average iBuyer purchase price jumped at the end of 2020 from $280,000 to $344,000 in Q2 2021. versus 7.2%

Loan contingency 103

Loan contingency Residential Loans Marketing 103

RIS Media

FEBRUARY 28, 2022

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

Seller concession 98

Seller concession Loan contingency Mortgages Loans 98

RIS Media

FEBRUARY 17, 2022

The report noted, “It’s time to stop questioning whether iBuying is good or bad and start asking if an instant offer is a good option for your next home sale.”. 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 Loans 98