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What Does Removing the Loan Contingency Mean for Homebuyers?

HomeLight

If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?

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How Long Can a House Be Contingent?

HomeLight

Contingent listings can be puzzling and sometimes frustrating — especially when you’re searching for your dream home. In this post, we’ll unpack real estate contingencies, clarify the difference between contingent vs. pending, and explain how long a house might remain labeled as contingent. Why Move Twice?

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The Next Evolution of iBuyers: ‘Power Buyers’

RIS Media

zavvie facilitates thousands of agent requests for Power Buyer and iBuyer offers each month. zavvie facilitates thousands of agent requests for Power Buyer and iBuyer offers each month. Power Buyers solve this for sellers by helping them buy without a loan contingency before they sell. Combined, that’s 3.8

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What Is a Mortgage Contingency? Purchase Offer Protection

HomeLight

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. This is where a mortgage contingency can save the day. A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. Get Started What is a mortgage contingency?

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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

It’s time for agents and brokers to stop questioning whether iBuying is good or bad, and start asking if clients could benefit from considering an instant offer as one of several options. And Flyhomes launched a national expansion of “Flyhomes for Agents” by rapidly rolling out in several states.

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What Do Cash Buyers Look for in Real Estate?

Realty Biz

Property sales often involve several contingencies , but cash buying can eliminate some, making things easier. For example, there's no need for a loan contingency (mortgage contingency). With a standard purchase, this allows a buyer to back out of a sale if they can't obtain a loan. trillion in 2021.

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A California Conundrum: Selling One Home to Buy Another? It’s Simple With HomeLight Trade-In

HomeLight

When real estate agent Peter Abdelmesseh met his clients, Eric and Samantha Johnson, he knew the couple would need a creative solution to make their move a reality. Any agent who has helped a family sell one home to buy another has watched their clients navigate this scenario. HomeLight Trade-In: A lifesaver for top real estate agents.