Housing Wire

OCTOBER 27, 2020

It’s just one of the many reasons to think long and hard about making a contingent offer. Are you considering adding contingencies to an offer you’re submitting? Here’s what to think about: Contingent offers and how they affect your deal. Sellers can have contingencies, too. Sellers can include contingencies, too.

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Marketing Rent back Inspection Loans 436

Housing Wire

DECEMBER 8, 2023

Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. All of these action items are things that professional, experienced real estate agents should practice already. Lack of information creates enormous stress.

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Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City. “It Kansas City, Missouri.

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HomeLight

DECEMBER 30, 2023

What buyer contingencies might put a listing back on the market? What home contingency missteps should you avoid when making an offer? We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. If contingencies are not met, the deal might fall through.

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HomeLight

JUNE 9, 2023

But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” ” 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.

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HomeLight

JANUARY 31, 2024

Perhaps you’ve found a house you love, but it’s labeled with a “contingent” status. How long can a house be contingent? Contingent listings can be puzzling and sometimes frustrating — especially when you’re searching for your dream home. We’ll also share how you can make a strong offer with fewer contingencies.

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Housing Wire

APRIL 8, 2021

Outline your parameters, and where you can be flexible: Key points to consider communicating in an offer include the expiration date of your offer, any contingencies that may void your offer, and, of course, the purchase price you’re willing to pay for the home. There is a chance they could offer an appraisal gap and never have to use it.

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Housing Wire

JUNE 4, 2021

In all, nearly 74% of Austin homes sold above their asking price in April, and the metro had the nation’s highest price growth that month, said John Dawson, an Austin-based Redfin agent. “I I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

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HomeLight

JANUARY 3, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. Kaczor , a top-selling agent from Illinois with 30 years of experience. “It

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 98

Housing Wire

MARCH 16, 2022

Latinos are twice as likely to use Federal Housing Administration financing than non-Hispanic white borrowers, but most of the real estate agents the National Association of Hispanic Real Estate Professionals surveyed felt FHA borrowers were at a competitive disadvantage. FHA offers were being eliminated, even if it was a strong offer.”.

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Investor Loans Mortgages Finance 380

HomeLight

MARCH 28, 2024

When a home sale closing is delayed, it’s usually the buyer holding up the deal due to financing hiccups, low appraisals, title issues, or problems found during the final walkthrough. If there are contingencies around that, you live and die by the contingencies you’re obligated to.

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Housing Wire

JUNE 23, 2021

“I’ve never seen anything like this housing market,” said Scott Petrich, a Seattle-area Redfin agent. People are putting up non-refundable earnest money of up to $50,000 on homes, and they’re even choosing to waive contingencies,” Cressey said. They’re even waiving appraisals.

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Real Trends

MARCH 8, 2023

Agents, stop letting your deals die. Other down payment issues can arise because they’re guaranteeing an appraisal gap, so an agent could try to have the seller re-negotiate. Agents and buyers should ask the lender if the following solutions could remedy the problem. The post Agents, buyer’s financing denied?

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HomeLight

MARCH 7, 2024

Achieve Greater Buyer Confidence With a Top Agent HomeLight can connect you with the most experienced buyer’s agents in your home shopping area. Contingencies: Conditions that must be met for the sale to proceed, such as home inspections, financing approval, and the sale of the buyer’s current home.

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Realtor.com

JULY 13, 2021

But some buyers in especially tight markets are taking even riskier measures to beat out competitors: They’re removing contingencies. Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home. Home inspection. Watch: 6 Shockers About Your Septic System.

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HomeLight

OCTOBER 24, 2023

Whether you’re a first-time seller or a seasoned pro, the appraisal process used to determine your home’s fair market value can be a little intimidating. Lenders require the appraisal to ensure they’re not loaning the buyer more money than the value of the home. All an appraiser is, is a glorified reporter.

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RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. What about houses listed as “contingent?” Can a home listed as contingent fall through? Low appraisal.

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Realty Biz

SEPTEMBER 11, 2023

During this stage, various contingencies, inspections, and other conditions may need to be met before the sale is finalized. Many sales will never make it to the closing due to various contingencies. Real Estate agents make the status of houses contingent when a contract has been executed.

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Realty Biz

JANUARY 13, 2024

Coverage of interviewing agents when making a purchase is less common. We will examine the key questions to ask a buyer's agent and the benefits of working with one. From nearly forty years of experience as a top-producing real estate agent, I can tell your first hand you'll want an exceptional buyer's agent in your corner.

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Realty Biz

FEBRUARY 1, 2024

Understanding the role of a buyer's agent is essential in facilitating smooth and successful property transactions. Whether it's a first-time homebuyer or an experienced investor, a buyer's agent plays a crucial role in guiding clients through the complexities of the real estate market. Let's dig in!

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Realty Biz

JUNE 27, 2023

When it comes to selling a property, many homeowners turn to the expertise of a listing agent, also known as a seller's agent. Listing agents play a crucial role in the real estate process, acting as trusted advisors and guiding sellers through every step of the transaction.

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Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

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Norada Real Estate

APRIL 15, 2023

The length of time a house can be under contract can vary, but understanding the contingencies and obligations during this period can help both parties prepare for a successful closing. Purpose of Under Contract The purpose of the under-contract period is to allow both parties to fulfill any contingencies and prepare for closing.

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Realtor.com

DECEMBER 6, 2021

With an offer in hand, you might be asking what commission an agent would receive if the agent were to get involved at this stage of the home-selling process. We’ve broken down the home-selling process into steps to see what an agent could help you with. The terms of the sale and contingencies.

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Realty Biz

JULY 11, 2022

The offer will spell out all of the common terms and conditions such as the offer amount, what you’re financing, any contingencies, and the closing date. One of the vital discussions you will probably have with your real estate agent is surrounding the real estate appraisal. Add or Waive an Appraisal Contingency.

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Realty Biz

AUGUST 22, 2022

I didn’t even include an inspection contingency. In a few short weeks, the market has gotten much softer in this neighborhood and I’m not even sure the house will appraise for my purchase offer. It does sound like the appraisal is key to answering that question. I’ll get into some common contingencies in a moment.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 103

Realty Biz

JANUARY 9, 2024

From experience, many potential sellers need the guidance of skilled agents. Working with an experienced real estate agent can significantly ease the selling process. The difference between having a good and lousy real estate agent is monumental. Never underestimate the importance of how your home stacks up to the competition.

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Purchase and sale agreement Earnest money deposit Title search Title 96

Realty Biz

FEBRUARY 20, 2021

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. Home Buying Contingencies Explained. What Are The Most Common Real Estate Contingencies.

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Real Trends

MARCH 3, 2022

When you’re the listing agent: Please don’t list and ghost. Keep that person looped in on the progress of the showing and offer period so that they can update interested buyers and their agents with up-to-date information, as dictated by your client. . It all rolls down from the listing agent, every time.

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Realty Biz

SEPTEMBER 19, 2022

Four months ago, we made the full-price offer with only a financing contingency, which is probably why the seller has been patient with us. We’ve talked to our agent about renegotiating the price so that we are comfortable with the monthly payment. There was no contingency that the interest rate would be below a specific point.

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Purchase and sale agreement Finance Inspection Mortgages 103

Realty Biz

DECEMBER 15, 2022

A Low Appraisal Can Torpedo the Sale. An appraisal is part of securing financing for the property. If it comes in low: The buyer can get a second appraisal. Even with a solid appraisal, financing is not guaranteed. Contingencies Must Be Met. The most common types of contingencies include: Sale of a buyer’s home.

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Purchase and sale agreement Inspection Title Closing costs 133

HomeLight

JANUARY 3, 2022

Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. iBuyer vs. real estate agent summary. The main trade-off is that the offer could be less than what you’d get listing the home with an agent, and you’ll pay a fee for the iBuyer’s services.

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Realty Biz

SEPTEMBER 14, 2021

In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). The seller has agreed to accept a contingent offer from the purchaser.

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Realty Biz

MARCH 27, 2022

Any proposal full of contingencies or seller concessions isn’t going to look as good. An offer contingent on you selling your home could easily lead to delays and isn’t be something that the seller will want to agree to if they have other options. It’s something you really should consider to make your offer stronger.

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Purchase and sale agreement Earnest money deposit Seller concession Finance 124

Realty Biz

MARCH 11, 2024

You can also ask your real estate agent if he or she has access to off-market properties or knows of any homeowners who are selling a house without a Realtor and are struggling to attract buyers. From agent commission rates to the price of a home, everything in real estate is negotiable. It helps to be vigilant when checking listings.

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Realty Biz

JANUARY 4, 2024

One of the more researched topics in real estate is appraisals. There are numerous questions that buyers frequently ask real estate agents or through online searches. Whether you are buying or selling a home, it is essential to have a firm grasp of home appraisals. What is a Real Estate Appraiser?

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FHA loan Construction Renovation Loans 103

Realty Biz

JULY 11, 2022

Several have sold before I even talked to an agent about them. But this is my first home, and I don’t know why I should hire an agent. As a first-time buyer , I can’t stress enough how important I think it is for you to use a buyer’s agent. Let’s start with the cost to hire a buyer’s agent. Answer: Hello Stuart.

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Agents Inspection Seller disclosure Closing costs 89