Realty Biz

APRIL 20, 2022

Due to bidding wars, many homes are selling way above the asking price. If you need assistance from the seller to pay closing costs, you can add that as one of your offer terms and conditions. Closing costs are fees that need to be paid on top of the home’s purchase price, and they can be between 3% and 6% of that price.

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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. With a little bit of informed vigilance, you will be able to increase your rate of successful closes. How often does a pending home sale fall through?

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Realty Biz

NOVEMBER 11, 2020

Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. If you are selling a home, there are also some ramifications you should know about as well. How your real estate agent markets your property when an offer has been accepted can have vital implications.

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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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HomeLight

DECEMBER 19, 2023

You’re likely counting on earned equity to fund your deposit and cover closing costs. The benefit of buying before selling is peace of mind,” explains Christine Marion, a HomeLight Buy Before You Sell Certified agent who serves on the top-performing Ryan Raymond team in Sarasota, Flordia.

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Redfin

MARCH 3, 2022

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

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HomeLight

NOVEMBER 29, 2021

You’ve found the house of your dreams, your offer has been accepted, and you’re ready and eager to reach the closing table. 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. How long is a contingency period?

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RIS Media

MARCH 18, 2022

The partnership aims to help homebuyers in Northern Virginia and Virginia Beach overcome barriers to homeownership by using “All Cash by Weichert Financial, powered by Ribbon”—waiving mortgage, appraisal and home sale contingencies, the company stated.

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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

APRIL 18, 2024

If you don’t want to waste time on your home search, or you need to find a great agent to sell your home , how do they compare? Let’s dive into the answers that will help you decide which website to work with during your home selling or buying journey. They specialize in working with sellers who need a quick, easy close.

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Realty Biz

JANUARY 21, 2022

Set yourself up for success from the start by hiring a real estate agent who can go the distance for you while you’re at a great distance. Ask potential agents about how they will keep you updated on the listing and sale of your home. Your ideal agent will be your in-person representation throughout the process.

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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. However, this is just the start with many things to do before the status changes to “Closed.” ” What do they mean and how will they affect your home sale? Pending Meaning.

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Realty Biz

MARCH 29, 2023

With a standard purchase, this allows a buyer to back out of a sale if they can't obtain a loan. There's also no need for a home sale contingency, which buyers can use to drop a deal if they don't sell their old home by a specified date. As no financing is needed, the closing process is faster and more streamlined.

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Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.

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Point2Homes

DECEMBER 8, 2020

But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. How is Contingent Different from Pending? Contingent Statuses.

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HomeLight

JUNE 16, 2023

In many instances, a homeowner needs to use equity from their existing home to buy their next residence. That can mean adding a home sale contingency to their offer, which makes it weaker and less attractive to sellers, or finding temporary housing between transactions. Neither of these options are ideal.

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Real Trends

JUNE 8, 2022

Coldwell Banker Heritage was a natural fit as a partner because they funnel more than 50 years of industry knowledge down to each of their 525 agents in Ohio,” said Shaival Shah, the co-founder and CEO of Ribbon, according to a news release. According to the company , RibbonCash Offers come with a guaranteed close and appraisal protection.

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RIS Media

APRIL 8, 2022

Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. Real Estate appraisals are usually completed when homes are bought via mortgage loans. The clause is referred to as a home sale contingency. .

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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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Windemere Buying

AUGUST 31, 2022

Imagine a home-buying scenario where you make an offer, the seller immediately accepts, and the two of you move through closing without any hiccups until you have keys in hand. After you’ve made an offer, you’ll have a home inspector thoroughly examine the home before the deal is final. Financing Contingency.

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Realtor.com

DECEMBER 2, 2021

Yet real estate experts and agents have theories about what went wrong. . For one, as a general practice, a closing takes an average of 50 days. So Giudice’s willingness to wait an additional 200-plus days in sale pending status was quite unusual—and probably a bad move on her part. . Realtor.com. Realtor.com. Realtor.com.

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HomeLight

NOVEMBER 9, 2021

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? During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing.

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Windemere Selling

NOVEMBER 30, 2022

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. For sellers, understanding this terminology will inform your conversations with your agent when it comes time to sell. What does contingent mean in real estate?

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Realtor.com

DECEMBER 3, 2020

Keep in mind that sellers are looking for a good deal just as much as you are, and you should plan on working with your real estate agent to make sure the sellers at least feel like they’re getting one. If you need a certain home sale contingency, for instance, and can’t remove it, then move on,” Parnes says.

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Redfin

JANUARY 25, 2021

4) Home sale contingency. This contingency is common for buyers who need the equity from the sale of their current home to purchase the next one, usually going toward the down payment and closing costs. 6) Kick-out contingency. 7) Home insurance contingency.

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Windemere Selling

MARCH 14, 2022

An appraiser’s value of a property is based on several factors using comparative market analyses, whereas market value is what buyers are willing to pay for a home. Home Sale Contingency If a contract includes a home sale contingency, it means that the buyer is tying their purchase of a home to the sale of their existing one.

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Real Trends

AUGUST 8, 2022

In today’s market, with quickly rising interest rates, some agents are finding themselves with this unfortunate situation more often than usual. The home is doesn’t appraise where it needs to : A home appraisal may reveal that the home isn’t worth what the buyer offered to pay causing them to change their mind.

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HomeLight

SEPTEMBER 30, 2021

Or maybe you’re selling your home and a buyer’s submitted an offer that includes one. Whatever the case may be, as with most details in a home sale, it’s good practice to speak to a qualified agent or real estate professional to understand your options. This is also called the home contingency period.

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HomeLight

AUGUST 6, 2020

The Cowings already knew that it would be tough to come in strong as a buyer if they had to make an offer contingent on the sale of their existing home , so they were open to creative solutions. Two fast closings for the Cowings. There were no sales contingencies, and we were able to close in 30 days.

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Realty Biz

MARCH 14, 2021

Most recently, the company announced that it would further back its pre-approved customers by making an all cash offer on the home they’re interested in, so they can bid for it free of any financing, appraisal or home sale contingencies.

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HomeLight

NOVEMBER 10, 2021

Though each business operates a little differently, iBuyers generally provide near-instant cash offers for homes, allow you to sell your home mostly or entirely online, and can facilitate much faster closings than a more traditional or financed buyer. Close in as few as 10-14 days. Close in as little as 10 days.

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HomeLight

JANUARY 30, 2024

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

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Home sale contingency Closing costs Technology Sales 104

HomeLight

APRIL 21, 2022

The home selling process can be daunting: from listing your property and lining up showings to making repairs and reviewing offers, there are many moving parts. This article will walk through seven steps to get you from dreaming to closing without losing time, capital, or your right mind in the process. How well do you know the area?

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HomeLight

JANUARY 3, 2023

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. Median home sales price: $545,000 (November 2022). Quick FSBO overview.

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HomeLight

JANUARY 22, 2024

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Home sale contingency 101

Home sale contingency Closing costs Technology Equity 101

HomeLight

JANUARY 22, 2024

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

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Home sale contingency Closing costs Technology As-is 100

HomeLight

JANUARY 30, 2024

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

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Home sale contingency Closing costs Technology Sales 97