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What Does Contingent Mean in Real Estate?

HomeLight

So in this context, “contingent” is a bit like saying, “Hold on, we’re working things out!” ” Step one: Talk to a few buyer's agents! Get Started Are contingencies common in real estate? It’s also true that most real estate contracts, even those with contingencies, end up closing.

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10 Signs Your Real Estate Market Is Shifting

Realty Biz

When a market transitions from a seller’s to buyer’s market, the days on market will go up significantly. Even when real estate markets go from favoring sellers to being more balanced, the time on market will go up by quite a bit. Real Estate Contracts Will Contain More Contingencies.

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Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

Get a comparative market analysis from your real estate agent to determine fair value pricing for the neighborhood. Remember that appraisals align with market value, not simply what you offer, which could jeopardize financing. The right agent can inform you on local grants and seller incentives to maximize savings.

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What is a Seller’s Market?

Windemere Selling

That’s why it’s critical for buyers and sellers to work with an agent who not only understands their wants and needs but who can also help them navigate highly competitive market conditions. What is a Seller’s Market? A seller’s market occurs when demand exceeds supply. appeared first on Windermere Real Estate.

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Received Multiple Offers on Your Home? ‘Highest and Best’ Will Tell You Who Wants it Most

HomeLight

As a next step, your agent suggests going with a “highest and best” strategy to see if any of these offers rise to the top of the pile. Highest, best, and NOT final,” means that once a buyer has been outbid, the listing agent notifies each buyer, giving them a new deadline to meet the current offer, or pull their offer altogether.

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Countdown to Closing: How Long Does it Typically Take to Sell a House?

HomeLight

Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. In fact, 24 days from list to offer is pretty swift, historically speaking. In the current pandemic climate, some closings have dragged on more like 60 days. An experienced agent (or lack thereof).

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). How it might take 12-75 days to sell your home. What do days on market mean? Average Days in 2021.