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What Does Contingent Mean in Real Estate?

HomeLight

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. ” Step one: Talk to a few buyer's agents!

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As listings dry up, agents across America dig through their CRMs

Real Trends

But perhaps not in the form the fishing hotspot’s real estate agents would prefer. . More and more sellers are only listing their homes because they absolutely have to , said Jordan Dennis, a Century 21 agent in Florida’s panhandle. It’s the largest yearly decline since May 2020, when lockdowns froze the housing market in place. .

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Working with a Listing Agent

Windemere Selling

What is a Listing Agent? Generally, a real estate transaction involves a listing agent representing the seller and a buyer’s agent representing the buyer. The agent will list the home, coordinate showings and open houses, and negotiate with buyers’ agents to find the best offer for their client.

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Is Your Realtor Doing a Good Job? Answer These 6 Questions to Find Out

HomeLight

Or maybe, you signed a purchase agreement with a real estate agent and have heard nothing but crickets since. Run through our list of checkpoint questions below to determine if your real estate agent is fulfilling their obligations. Does your real estate agent answer your calls, texts, and emails within 24 hours?

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). How it might take 12-75 days to sell your home. Market conditions at the time you sell. What do days on market mean?

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How to Sell a House by Owner in Colorado

HomeLight

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%.

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How to Conduct a Smooth Real Estate Transaction

McKissock

Purchasing property, especially a home, can be a very emotional experience. As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Number of days on market. There can be situations in a strong sellers’ market where more than one offer is received at the same time.