What Is a Financing Contingency, And How Does It Work?

Contingencies are an essential part of any home purchase contract, protecting buyers from financial risk if things don’t go according to plan. The financing contingency, also known as a mortgage contingency, is especially important for buyers who need a loan to purchase a home. It gives you the righ

Can Sellers Sign Documents Early?

If you’re selling a home, you might wonder, can sellers sign documents early? In many cases, the answer is yes. This can be helpful if you’re relocating out of town, have scheduling conflicts on the closing date, or simply want to streamline the process so funds are released sooner once the buyer si

What’s a Structural Inspection and Do You Really Need One?

When you’re buying a home, the last thing you want in an inspection report is a potential structural or foundation problem. Some buyers may decide to walk away, but if you’re serious about the home, a structural inspection is the next step. A structural engineer will look at the foundation, framing,

Who Pays For a Home Appraisal: Buyer, Seller, or Lender?

When buying, selling, or refinancing a home, an appraisal is almost always a required step in the process. An appraisal verifies the home’s fair market value so the lender can approve the right loan amount. Usually, the buyer pays for the home appraisal, but it can also depend on the situation — no