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Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

Home listings have been in short supply for several years now across the U.S., leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller.

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What Does Contingent Mean in Real Estate?

HomeLight

.” So, what does contingent mean in real estate? A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. We work with lenders to fix the problem at its root (i.e.,

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

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Bridge Loans in Washington, D.C.: How to Unlock Home Equity to Buy Before You Sell

HomeLight

trying to sell your old home while buying a new one? Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. It can be difficult to juggle the timing and financial details when you’re pressed to sell before you can invest in your new home.

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Under Contract vs. Pending: A Home Buyer’s Guide to Status Tags

HomeLight

Can you make an offer on a home that’s under contract? What buyer contingencies might put a listing back on the market? What home contingency missteps should you avoid when making an offer? You wonder, what’s the difference between under contract versus pending?

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Bridge Loans in Atlanta: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Selling your Atlanta home while looking to purchase a new one can be tricky. Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible.

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