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What Does Contingent Mean in Real Estate?

HomeLight

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. ” Step one: Talk to a few buyer's agents!

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4 signs a pending home sale will fall through

Real Trends

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. Home sale contingency.

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10 Signs Your Real Estate Market Is Shifting

Realty Biz

Sellers are driving the market and often get more than the asking price. Falling sales prices are a clear indicator that the seller’s market is losing steam. The comparable sales will often be based on a different market. The Number of Homes For Sale Rises. Homes Take Longer to Sell.

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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. Metrostudy, a housing market research firm, forecasts around 2% price growth in Maryland for 2024.

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How to Sell a House by Owner in Colorado

HomeLight

Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions.

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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? Direct Buyer (Simple Sale).

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

HomeLight

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. Your sale could be different.

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