What Is a Financing Contingency in a Home Offer?
A financing contingency is a provision in a purchase agreement that protects a buyer if the buyer cannot obtain the financing required to complete the purchase under the terms of…
Straightforward answers to common questions San Diego County homeowners ask before, during, and after selling a home.
Topics cover the full selling process, including preparing the property, seller costs and net proceeds, listing agreements and MLS activity, showings, buyer offers, negotiations, contingencies, inspections, appraisal, escrow, disclosures, and closing.
Use the topic categories below to find answers by stage of the sale, from the earliest decision to sell through the final steps of closing.
A financing contingency is a provision in a purchase agreement that protects a buyer if the buyer cannot obtain the financing required to complete the purchase under the terms of…
When a buyer waives a contingency, the buyer gives up a contractual protection that would otherwise apply to a specific part of the purchase. For the seller, that can reduce…
An offer contingency is a condition in the purchase agreement that gives a buyer a contractual right tied to a specific event, review, or outcome. For a home seller, a…
There is no single earnest money amount that every buyer should deposit. For sellers asking how much earnest money should a buyer deposit, the amount should be evaluated in relation…
When a buyer submits an offer on a home, the proposed deposit is one of the terms a seller may want to understand before making a decision. For homeowners asking…
No. A cash offer can be attractive because it removes some of the uncertainty associated with mortgage financing, but it is not automatically the best offer for a home seller….
A backup offer is a purchase agreement that a seller accepts while another buyer is already under contract to purchase the home. Instead of replacing the first buyer, the backup…
Yes, in many situations a seller can continue showing a home after accepting an offer, particularly when the seller wants to maintain interest from potential backup buyers. For homeowners asking…
Usually, not as a replacement for the first buyer while a binding purchase agreement is still in effect. For California homeowners asking can I accept another offer after accepting one,…
Once an accepted offer becomes a binding purchase agreement, the home sale moves from marketing and offer negotiation into contract performance. For sellers asking what happens after I accept an…