Sentences with phrase «sale contingency»

It's hard to buy a home if all your money's tied up in your old one — which is why many buyers in this all - too - common scenario have a sale contingency in their contract: They will buy the new place only if they can unload their old digs within a specific amount of time.

Veterans and military members who currently own a home may want to add a home sale contingency that makes the new purchase contingent upon their ability to sell their old home.

Including a prior - sale contingency in the contract for your new home provides an opportunity to withdraw the offer if your existing home does not sell by a certain date.

When you agree to accept a home sale contingency your home is off the market and you are at the mercy of the contingent home selling.

On a number of occasions over the years, after being rebuffed on a home sale contingency the buyers agent has tried going down the road of asking for a right of 1st refusal instead.

If not a home sale contingency what about a «right of 1st refusal»?

Veterans and military members who currently own a home may want to add a home sale contingency that makes the new purchase contingent upon their ability to sell their old home.

It's hard to buy a home if all your money's tied up in your old one — which is why many buyers in this all - too - common scenario have a sale contingency in their contract: They will buy the new place only if they can unload their old digs within a specific amount of time.

But there are ways to do both at once, and one option is to instate a «sale contingency» in your contract.

They make a home sale contingency more palatable than it would be without the kick out.

no Home Sale Contingencies *** offered «as - is» ***

With all these risks, your maximum bid for a foreclosure auction, should be well below what you would pay for the same property, if you had a normal home sale transaction with escrow, sale contingencies, title insurance and the opportunity to properly inspect it before purchase.

Not exact matches

Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.

The agreement becomes a binding purchase offer and sale once all parties agree to the terms and conditions; the buyer does due diligence inspecting all aspects of the business operation; and all contingencies are removed.

Have multiple contingency plans Realize that not all business - for - sale deals close successfully, especially in distressed situations.

Gawker has engaged bankers «for quite some time» as a contingency plan for the legal battle, and had reportedly been exploring a sale.

These included overly optimistic economic growth and oil price assumptions; cutting the contingency reserve by two - thirds; selling shares in GM at fire sale prices; raiding EI revenues; and even booking «savings» from unilateral changes to federal employees» sick leave benefits.

Despite the unforeseen fall in oil prices in 2014, the Conservative government, with a lot of slight of hand (reduction in contingency reserve, selling GM shares at fire sale prices, optimistic economic and oil price assumptions), produced a budget that financed all of its pre-election promises, while still leaving a surplus of $ 1.4 billion in 2015 - 16 rising to $ 4.8 billion in 2019 - 20.

The off - balance - sheet items in this measure cover all direct contractual exposures to credit risk â $ «including letters of credit and guarantees, transaction - related contingencies, trade - related contingencies, and sale and repurchase agreements.

Contingencies in Purchase Contracts A contingency is a legal way to back out of a real estate sales contract, should a certain event or condition arise.

Remember: You will likely have a contingency payment from your buyer that depends on your company maintaining or increasing revenues several years after your sale.

Contingencies are basically things that need to happen in order for the sale to close, such as a home inspection to show you there are no significant problems with the home.

For instance, if there is a home inspection contingency written into the sales contract, it means the buyer has a right to back out of the deal if the inspector finds serious problems with the house.

This Resolution authorizes the School District to enter into an amendment to the Agreement of Sale to add a zoning contingency to the Agreement of Sale so that the sale will be contingent on the Buyer obtaining a zoning variance for the property to change the zoning from a RSD - 3 classification to a RMX - 3 classificatSale to add a zoning contingency to the Agreement of Sale so that the sale will be contingent on the Buyer obtaining a zoning variance for the property to change the zoning from a RSD - 3 classification to a RMX - 3 classificatSale so that the sale will be contingent on the Buyer obtaining a zoning variance for the property to change the zoning from a RSD - 3 classification to a RMX - 3 classificatsale will be contingent on the Buyer obtaining a zoning variance for the property to change the zoning from a RSD - 3 classification to a RMX - 3 classification.

Contingencies in Purchase Contracts A contingency is a legal way to back out of a real estate sales contract, should a certain event or condition arise.

Assuming your purchase agreement / sales contract has a home inspection contingency, you can walk away from your deal if significant defects appear in your report.

A mortgage contingency is a clause written into a home sale agreement which can void the sale if certain conditions aren't met.

A mortgage contingency is a clause stating that the sale of a home can only occur once certain conditions are met.

The home inspection is a contingency written into most offers, meaning that if the buyers aren't happy with the result, they can cancel the sale without losing their earnest money deposit, or reopen negotiations and ask for a price reduction.

Once the seller agrees to a contingency - free sale, backing out at any point means forfeiting any earnest money you provide.

There is no limit to how many purchase contingencies you can put into your sales contract.

It is advisable for the sales contract for your home purchase to include a contingency stating that the sale of the home is dependent upon a satisfactory home inspection.

Within the context of a real estate purchase agreement or contract, a «contingency» is a condition that must be met — or an action that must be completed — in order for the sale to move forward.

The deposit will not be refunded to you after the seller accepts your offer, unless one of the sales contract contingencies is not fulfilled.

Therefore, the inspection process will be incomplete, which may possibly affect the time frame in removing sales contract contingencies.

As a home buyer, you would be wise to include a contingency within your purchase agreement that allows you to back out of the deal if the home appraises below the sale price.

We'd like to make a contingency offer on the new house, where the purchase is contingent on the sale of the old one going through, but to make it work we'd need to be able to put down a bigger down payment than we can afford at the moment.

Most sales contracts will include a home inspection contingency in case any major problems are discovered.

Since many sales contracts include an inspection contingency permitting the Buyer to terminate the contract if a home inspection is not satisfactory, Seller's may want to obtain a pre-market home seller inspection to identify deficiencies before a buyer hires a home inspector.

Once the seller accepts your offer along with your contingencies, all parties sign the sales contract.

Common contingencies for the closing of a real estate sale include inspections, repairs, disclosures, and objections.

When a buyer attempts to obtain a VA loan, their sales contract should include a financing contingency which stipulates that the contract is subject to financing approval for the VA loan.

You need to find out what contingencies exist on your sale, which ones you need to do something about, and when you need to do something about them.

In the instance the appraised value is less than the sale price, the appraisal contingency lets you back out of the deal.

This contingency means that if the sale of a buyer's current home falls through, so will the sale of the home the buyer wants to purchase.

A mortgage contingency protects the buyer and seller from getting into a sale without a proper loan.

Contingencies in sales contract may include but not be limited to proof of spay or neutering and will be signed by the seller and the buyer.

The sale, subject to certain closing contingencies, is scheduled to close within 45 days.

With over 10 years» experience working on high - profile corporate and personal insolvency cases that include multi-million pound bankruptcies and fraud investigations, Aman's expertise covers contingency planning, insolvency filing requirements, debt restructuring, financing and reschedulings, acquisitions and sales, credit bidding, formal insolvency proceedings, restructurings, refinancings, and debt trading, his career has seen him advise an array of insolvency practitioners on various complex, public - interest litigation cases.

In estates, the contingency may be the sale of the deceased's real property, obtaining a grant of probate or the issuance of a clearance certificate.