HomeLight
JANUARY 31, 2024
Mortgage or financing contingency: This loan contingency stipulates that the buyer must secure financing from a bank or other financial institution. How long can a house be contingent? If the buyer is offering an all-cash purchase, the listing may never be labeled as contingent.
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? Barnes has completed 10% more deals than the average agent in his area. Financing contingencies may also be called loan contingencies.
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HomeLight
MARCH 23, 2022
In the words of Leslie Peterson , a top agent in San Francisco , California: “It’s just a crazy market right now.”. Real Estate Agent. Real Estate Agent at Leslie Peterson Group | Evolve Real Estate. Only include essential contingencies. Speaking of contingencies, Peterson says the fewer, the better. Transactions.
Redfin
SEPTEMBER 2, 2020
But because of the high demand in the current housing market , your real estate agent comes back with the unexpected news that several other homebuyers have also submitted offers on the home. However, with representation from an experienced real estate agent, you can navigate the bidding war process wisely and win the house.
HomeLight
AUGUST 31, 2021
A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. Handling cash offers as a buyer.
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