#6 Review the Contingency Plans. If something is wrong with the house, the buyer can request the seller to make repairs. But most repairs are negotiable; the seller may agree to some, but say no to others. Or the seller can offer a price reduction, or a credit at closing, based on the cost of the repairs.
MBS Day Ahead: All About The Dots, Bout The Dots, No Rate Hike The 30-day moving average of EFF dipped just below 0.12%-the lowest since this past April. Presumably, EFF will start to inch higher in the days ahead if a rate hike is truly on the table.
Make it a practice to see any home you’re interested in as soon as possible to avoid putting in offers on homes that are contingent or pending. One easy way to do this is to search for homes on Redfin , and then save the search so that you receive email updates when homes that match your criteria hit the market.
With a home sale contingency in place, the transaction is dependent (or contingent) upon the sale of the buyer’s home. If the buyer’s house sells by the specified date, the contract moves forward; if it doesn’t sell by the specified date, the contract is terminated.
mortgage rates today, February 12, plus lock recommendations Mortgage refinancing in high demand as rates fall lower While the drop in mortgage rates benefits home buyers, it’s good for homeowners, too – specifically, homeowners who would snag lower monthly payments by refinancing into a mortgage with a.