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What Does Removing the Loan Contingency Mean for Homebuyers?

HomeLight

If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?

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The Next Evolution of iBuyers: ‘Power Buyers’

RIS Media

zavvie facilitates thousands of agent requests for Power Buyer and iBuyer offers each month. Power Buyers solve this for sellers by helping them buy without a loan contingency before they sell. of market value during the first half of the year. The iBuyers are making stronger offers than ever. in 2020 to 5.1%

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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

According to our latest zavvie Seller Preferences Report, iBuyers rebounded last year, increasing business fivefold year-over-year during an historic seller’s market. Despite a major iBuyer exiting the market (Zillow), Opendoor, Offerpad and RedfinNow significantly increased their purchasing activity. Offering All the Options.

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Use These 8 Strategies to Get Yourself a Home in 2022’s Real Estate Market

HomeLight

In the words of Leslie Peterson , a top agent in San Francisco , California: “It’s just a crazy market right now.”. Real Estate Agent. Real Estate Agent at Leslie Peterson Group | Evolve Real Estate. Only include essential contingencies. Speaking of contingencies, Peterson says the fewer, the better.

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A California Conundrum: Selling One Home to Buy Another? It’s Simple With HomeLight Trade-In

HomeLight

When real estate agent Peter Abdelmesseh met his clients, Eric and Samantha Johnson, he knew the couple would need a creative solution to make their move a reality. Any agent who has helped a family sell one home to buy another has watched their clients navigate this scenario. HomeLight Trade-In: An agent’s best friend.

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What Do Cash Buyers Look for in Real Estate?

Realty Biz

The global real estate market reached a size of $3.69 Property sales often involve several contingencies , but cash buying can eliminate some, making things easier. For example, there's no need for a loan contingency (mortgage contingency). appeared first on RealtyBizNews: Real Estate Marketing & Beyond.

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zavvie Releases 2022 Seller Preferences Report

RIS Media

Market conditions from October through December, along with record-low inventory, presented a challenge for iBuyers, whose value proposition is speed, certainty and convenience to home sellers. national market share, compared with about 14,000 in 2020, when the pandemic temporarily paused iBuying—a 5x increase. million.