Realty Biz

APRIL 20, 2022

When you find a home you want to buy, your offer will contain many important terms and conditions. When you are not buying or selling a home everyday some of the terms may be foreign to you. Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Home Inspection Contingency.

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RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Contingent vs. Pending? Pending Meaning.

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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. Most buyers will have a home inspection contingency in their contract.

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Windemere Selling

MARCH 14, 2022

When selling your home, a buyer may make their offer with contingencies attached. Here are some common contingencies you might see in a buyer’s offer and what they mean for you. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

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Redfin

AUGUST 4, 2021

Keeping track of the differences between a listing agent, selling agent, seller’s agent, and even buyer’s agent can be a bit challenging, so learning to quickly recognize what these terms refer to in real estate can help you move forward confidently with buying or selling your home. What is a listing agent?

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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?

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Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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Windemere Buying

AUGUST 31, 2022

It’s possible, but a more likely home buying experience is marked by negotiation, counteroffers, and a back-and-forth dialogue between both parties to reach a deal. Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized.

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Redfin

JANUARY 25, 2021

If you’re a first-time homebuyer , buying a home is an exciting time in your life — not to mention a little anxiety-inducing. But after touring dozens of homes and finally finding “the house,” you’re ready to make an offer. 1) Home inspection contingency. 2) Appraisal contingency.

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Realty Biz

AUGUST 22, 2022

If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Gianna in MI: Hi Brian, After two years of dreaming about buying my first home, I have cold feet now that my offer has been accepted. Now I have buyer’s regret.

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Real Trends

DECEMBER 27, 2022

Aspiring and veteran real estate agents should be well aware that the same applies to the home buying and selling process: uncertainty hangs over every deal. How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. Inspection issues.

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The Close

SEPTEMBER 10, 2020

Listing agents are flying high with attention on their listings. But, of course, buyer’s agents are always frustrated with the amount of work they are putting in, only to get shot down and have to repeat the process over and over again. CALL the Listing Agent. What is the ideal timing they want or need to be out of their home?

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HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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HomeLight

SEPTEMBER 30, 2021

There’s a lot to understand and consider, often in a short amount of time as you list your home or are looking to make an offer on a home. Perhaps you’ve fallen in love with a home that’s under contract with a kick-out clause. Or maybe you’re selling your home and a buyer’s submitted an offer that includes one.

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HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? How it might take 12-75 days to sell your home. Condition of your home. Condition of your home. Listing price.

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HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Sellers who may have been wondering about how to sell a house by owner in Colorado during the hot seller’s market of 2021-2022 may now face stronger headwinds and more discerning buyers, according to top real estate agents surveyed by HomeLight.

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Redfin

JANUARY 26, 2022

When it comes to a real estate transaction like buying a home , a lot of important paperwork needs to be completed before you can call a home yours. One of these important pieces of paperwork is a purchase and sale agreement. . What is a purchase and sale agreement? What does the purchase and sale agreement consist of?

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HomeLight

JULY 31, 2020

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. Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Loan approval.

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HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Disclaimer : HomeLight does not provide legal advice.

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HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. What's Your Arizona Home Worth? Disclaimer : HomeLight does not provide legal advice.

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HomeLight

JUNE 17, 2022

“I think you have a lot of factors but currently in our marketplace, it’s more of a supply and demand,” says DeWayne Carpenter , who has 26 years of experience pricing homes and is recognized as a top-producing agent in the Melbourne , Florida, area. A seller’s market occurs when home inventory is low and competition is high.

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Redfin

MARCH 2, 2023

One important concept that all homebuyers should be familiar with though is the appraisal contingency. In this guide, we will explore what an appraisal contingency is and how it can impact your homebuying journey. What is an appraisal contingency? What is a contingent offer? How does an appraisal contingency work?

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HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? In this guide, we’ll take the term “active contingent listing” and break down what it means. What does active contingent mean?

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HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. Learn More Contingent or pending, you’re under contract! Step one: Talk to an expert!

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HomeLight

JULY 31, 2022

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. You’ve decided it’s time to buy a house ! Find a lender you can trust.

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HomeLight

SEPTEMBER 10, 2022

Kick-out clauses are often employed when the buyers have to sell their current home first, and the sellers want to continue marketing their home in the meantime. We’ve done the research, read contract language, and talked to a veteran real estate agent to learn what buyers need to know about 72-hour kick-out clauses.

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HomeLight

OCTOBER 30, 2020

If you’re looking to buy a home, you’ve probably heard that cash is kind of a big deal in real estate. All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. Why would you run into financing issues if you’re buying a home in cash?”.

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HomeLight

OCTOBER 1, 2020

You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). They’re protective clauses you put in your contract with the seller that allow you an out if certain conditions of the sale aren’t met. Here’s what you need to know.

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HomeLight

JULY 29, 2022

One big thing that could delay closing is if, say, someone goes out two weeks before they close and they buy a car — or they buy all new furniture,” explains Pete Veres , a top-selling agent with 19 years of experience in Albuquerque, New Mexico. Talk to your agent and loan officer about these options.

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HomeLight

JUNE 30, 2021

Making an offer on a house without a Realtor® or a real estate agent is kind of like trying to represent yourself in a court of law — it’s possible, but it’s not a good idea. and what’s an agent? A real estate agent is licensed to help people buy, sell, or rent different housing or real estate property types. or an agent?

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HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! But this sign looks different from the real estate agent signs you usually see and it lists the homeowner’s contact information. You’ve found yourself a FSBO home. What is a FSBO home? Why would a seller want to list their home FSBO? A political sign?

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HomeLight

APRIL 21, 2022

For more expertise, top real estate agent Kris Shook , who works with 77% more single family homes than the average agent in Tacoma, Washington, shares insights. You found your new home and want to avoid carrying two mortgages. It’s an inherited home you’re eager to sell. Find an Agent. It depends.

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HomeLight

MARCH 13, 2023

Looking for cash home buyers in Orlando? Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Need to Sell Your House Fast in Orlando? No showings, no repairs, no open houses.

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HomeLight

SEPTEMBER 11, 2020

Basic overview: You’ll work with your agent to deliver the offer to the seller’s agent on the forms used in your state. If and when all parties do agree to the terms, your agent will draft a final offer, and all parties will sign it. Hire the right agent. Buyer’s agents, we know the tricks. No sales contingency?

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