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

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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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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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. Mold remediation.

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Housing Wire

APRIL 25, 2024

When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We We couldn’t even see it.

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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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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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RIS Media

MAY 13, 2021

Many buyers in today’s red-hot real estate markets are tempted to forego the home inspection. First, the home inspection allows the potential buyer to learn about any major defects or damage that will need to be addressed. Second, the home inspection can reveal potentially dangerous conditions.

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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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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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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

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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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

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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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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Windemere Buying

APRIL 12, 2023

Real Estate Agent You’ll be represented by a buyer’s agent throughout the home buying process. When searching for a real estate agent, ask questions to gain an understanding of their professional expertise as well as their personality. Home Inspector The home inspection is key to the home buying process.

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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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HomeLight

NOVEMBER 29, 2021

But first, you have to sell your old home, potentially secure financing, and secure a home appraisal (and likely an inspection) on your new house. Most purchase agreements have some terms in place that must be met for the deal to go through, such as having a home inspection completed. Do contingencies benefit homebuyers?

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Redfin

JULY 28, 2020

of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency, compared with just 13.2% Winning offers waived the appraisal contingency at a similar rate—20.6%—up The situation is out of control,” said Lindsay Katz , a Redfin agent in Los Angeles. “I

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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. Help From the Seller.

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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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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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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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HomeLight

MARCH 31, 2021

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Pre-listing home inspections are just like standard inspections.

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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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HomeLight

JULY 25, 2022

That’s why buyers and lenders often contract with licensed, local appraisers and inspectors to perform an in-depth examination of the home and create a snapshot of its current market value and its condition. This won’t replace a home appraisal, but it can be a helpful starting point. Home appraiser versus home inspector.

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HomeLight

JANUARY 17, 2024

A Top Agent Can Find the Right Deal For You HomeLight can connect you with a top-performing, trusted agent who has the experience to find you the right house at the right price. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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Realty Biz

AUGUST 3, 2020

With home buyers facing tougher competition this year amid ongoing housing shortages, some are trying to gain an edge by waiving contingencies to make their offers look more enticing. Redfin said this week that almost 20% of successful offers submitted by its agents in June in select U.S. who did so in June 2019. In addition, 20.6%

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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. 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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Point2Homes

DECEMBER 8, 2020

When searching for the ideal home, expect to encounter a few issues along the way, such as homes listed as contingent. But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. How is Contingent Different from Pending? Contingent Statuses.

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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. 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

MARCH 13, 2024

Making Competitive Offers Offering above the asking price and waiving contingencies like financing and inspections have become common tactics for winning in bidding wars. Get a comparative market analysis from your real estate agent to determine fair value pricing for the neighborhood. Don’t get emotionally swept up and overpay.

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Realty Biz

MARCH 11, 2024

On the other hand, there may be fewer homes to choose from, and if you live in an area with harsh winters, it might be a challenge to view homes and inspect them. 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

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.

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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.

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