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

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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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 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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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. Closing and possession dates: When the sale will officially close and when the buyer can take possession of the property.

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Realty Biz

JUNE 7, 2021

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you. Hence, the closing timeline depends on your lender.

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HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

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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 102

HomeLight

DECEMBER 31, 2020

Not only will you need to be packing, cleaning, and getting the house ready for your buyer, there’s also a lot of waiting and hoping that all of the moving pieces fall into place and your home sale closes on time, if you make it to closing at all. The property appraisal. Contingencies that fail to be met or lifted.

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Realty Biz

SEPTEMBER 11, 2023

It's a pivotal point where the homebuyer and seller have agreed on price and terms, but the deal has not yet closed. Under Contract vs. Pending: Clarifying the Difference Before we explore why homes under contract sometimes fail to close, we must understand the difference between under contract and pending.

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HomeLight

JANUARY 12, 2022

How long does closing take from here? Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. Average time to close. However, a holdup could push out your projected closing date.

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Closing Purchase and sale agreement Pre-approval Inspection 112

Real Trends

MARCH 8, 2023

Agents, stop letting your deals die. Use this guide to get your transactions back to the closing table and don’t give up. We have closed thousands of transactions over the lifespan of our real estate careers, and we have coached thousands of clients to meet or exceed their goals. You can still get to the closing table.

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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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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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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

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. If an inspector does find problems, you can always ask the homeowner to make repairs prior to closing.

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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

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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HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

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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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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. You still have a marathon to finish before getting to the closing table. Always talk with several agents about your particular home-selling needs.

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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. If none of these options fit, the sale can be canceled and the escrow account closed. Even with a solid appraisal, financing is not guaranteed.

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Purchase and sale agreement Inspection Title Closing costs 141

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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Earnest money deposit Purchase and sale agreement Marketing Equity 92

Windemere Selling

JANUARY 19, 2022

The closing process in a real estate transaction finalizes the terms of an agreement between the buyer and seller, leading to the transfer of the property’s title. Before a buyer can hold the keys to their new home, and before a seller can celebrate the sale of their property, closing costs must be paid.

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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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Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Home Sale Contingency. Help From the Seller.

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Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 120

Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. Working with a knowledgeable real estate agent is crucial in navigating the home showing and negotiation. Overcoming common challenges is also vital.

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Purchase and sale agreement Title Staging Inspection 98

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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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. Sellers then pick a move date, and can often close in as little as two weeks. Selling through a real estate agent. Source: (Hillary Black / Unsplash).

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HomeLight

DECEMBER 14, 2023

Zachary Flowers , a top-selling real estate agent in the Tacoma , Washington, area, explains why today’s cash offers are becoming much more attractive to home sellers: “The number one difference between an all-cash offer and a financed offer is that a cash offer is able to close more quickly. Need to Move Fast?

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Equity Finance Staging Closing 110

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

SEPTEMBER 19, 2022

Question from Ellie in ID: Hi Brian, We had a purchase offer accepted more than four months ago but it hasn’t closed yet. 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. In fact, our mortgage was just given final approval less than a week ago.

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Purchase and sale agreement Finance Inspection Mortgages 108

Windemere Buying

APRIL 12, 2023

Real Estate Agent You’ll be represented by a buyer’s agent throughout the home buying process. They will be by your side from day one, through closing and beyond. When searching for a real estate agent, ask questions to gain an understanding of their professional expertise as well as their personality.

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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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Realty Biz

MARCH 28, 2022

What it does say is “Contingent Offer.” A contingent sale just means that some details still need to be worked out. The home inspection and the appraisal are the most common. But it could be some other contingency that you put in your offer. Your agent should have pointed out any changes to you. Answer: Hello Curt.

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HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Appraisal fee. Typical seller closing costs.

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