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How Long Can a House Be Contingent?

HomeLight

You can then make a strong offer on your next home with no home sale contingency. In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe.

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What Is a ‘Time Is of the Essence Clause’ in Real Estate?

HomeLight

There is a chance that you’ll come across the “time is of the essence clause” in your purchase agreement. Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want.

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What Is a Kickback in Real Estate? Legal vs. Illegal

HomeLight

It’s designed to help ensure your home sale or purchase is done with ethics, transparency, and trust. Connect with a Trusted Top Agent for Top Results HomeLight can connect you with a top-performing, trusted agent in your market. Find Agent What is a kickback in real estate?

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5 best Arizona real estate schools for 2024

Housing Wire

Are you looking to get licensed as a real estate agent in Arizona? Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. out of 5 stars Rating: 4.5 out of 5.

HR 403
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Who Pays the Buyer’s Agent in FSBO Transactions? Your Questions Answered

HomeLight

However, there is one problem… The house isn’t listed with a real estate agent. That’s right, it’s a “For Sale By Owner” property, meaning that the owner is selling the property without the help of a listing agent. Generally speaking, the seller will still pay the buyer’s agent commission when selling their home FSBO.

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Step 1: Initiating the Transaction Learning about escrow and initiating the process is an important step that occurs once the buyer and seller have agreed upon the terms of the home purchase.

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The Most Common Home Buying Real Estate Contingencies

Realty Biz

Given they are significant legal terms in a purchase and sale, it is essential to have a strong working knowledge of how they work. Some of these clauses can benefit you when purchasing a home, so we will look at some of the contingency clauses you might encounter when buying a property. Real Estate Contingencies Explained.