HomeLight

DECEMBER 30, 2023

Searching for a home to buy can be a time of excitement and anxiety. You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” Can you make an offer on a home that’s under contract?

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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. How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents.

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Realty Biz

JULY 6, 2022

Falling sales prices are a clear indicator that the seller’s market is losing steam. Buyers are no longer willing to stretch to get into a home. 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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HomeLight

DECEMBER 29, 2023

In this brief guide, we’ll provide an overview of what it means to make a non-contingent offer, its benefits, risks, and when it might be the right strategy for you. Partner With a Top Buyer’s Agent to Guide You HomeLight can connect you with a top-rated local real estate agent familiar with non-contingent offers.

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Realtor.com

DECEMBER 2, 2021

A deal for her massive mansion in Montville Township, NJ, which had been in “sale pending” limbo for nine months, just fell through, forcing her to relist it. . bathroom home the reality TV star once shared with ex-husband Joe went up for sale for $2.5 Why did Teresa Giudice’s home sale fall through? .

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HomeLight

JANUARY 23, 2024

It’s the dilemma of needing to buy a new home before selling your current one so you know you have a place to live — and you only want to move once. However, most Americans need the equity and sale proceeds from their current home to buy a new home. One solution is the modern “Buy Before You Sell” program.

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HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. At the same time, it usually does not make sense for buyers to sell their home without having a new one lined up to move into. Most often, this type of scenario calls for a home sale contingency.

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HomeLight

DECEMBER 19, 2023

Selling your home and buying a new one at the same time can feel like walking a financial tightrope. If you’re like most Americans, you need the proceeds from the sale of your current home to buy your next home. You can then make a strong offer on your next home with no home sale contingency.

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HomeLight

NOVEMBER 29, 2021

Most purchase agreements have some terms in place that must be met for the deal to go through, such as having a home inspection completed. These are called contingencies, and they’re very common in a real estate sales contract. A contingency period is the amount of time a certain contingency has to be met.

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HomeLight

APRIL 18, 2024

Gone are the days of driving through a neighborhood trying to spot “for sale” signs in front of houses. If you type “homes for sale” plus the area where you’re looking into a search bar, these two sites will pop up near the top of any results. Before Zillow, you had to sign up with an agent to get access to this data.

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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

MARCH 18, 2022

Here are the four primary options available to you when it comes time to buy a house that is contingent on selling yours. ?. What is a home sale contingency? In real estate, a “ contingency ” refers to certain circumstances that must be met before a home sale can be finalized. Source: (Pxhere).

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Realty Biz

APRIL 20, 2022

When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. The language in the offer to purchase will allow you to escape the sale with your money back. They will remove the appraisal contingency that is inherent with getting a mortgage. Home Sale Contingency.

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HomeLight

SEPTEMBER 25, 2023

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. Learn More What is a real estate Buy Before You Sell program?

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Point2Homes

DECEMBER 8, 2020

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. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Contingent Statuses.

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Redfin

JANUARY 26, 2022

One of these important pieces of paperwork is a purchase and sale agreement. . To help you navigate this document, we’ll go over what a purchase and sale agreement is, what makes up the agreement, and what happens after the agreement is signed. What is a purchase and sale agreement? Who drafts the purchase and sale agreement? .

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Windemere Buying

AUGUST 31, 2022

Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized. 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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Realty Biz

MARCH 29, 2023

Property sales often involve several contingencies , but cash buying can eliminate some, making things easier. For example, there's no need for a loan contingency (mortgage contingency). With a standard purchase, this allows a buyer to back out of a sale if they can't obtain a loan.

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RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. An active listing means the home in question is currently on sale, and sellers are actively open to offers.

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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. Ribbon also says it will waive mortgage, appraisal and home sale contingencies.

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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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RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Contingent vs. .” Pending Meaning.

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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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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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Windemere Selling

MARCH 14, 2022

Image Source: Getty Images – Image Credit: fizkes Appraisal Contingency An appraisal contingency states that the home must appraise for, at minimum, the sales price. These are just some of the contingencies you may encounter in a buyer’s offer.

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Realty Biz

FEBRUARY 20, 2021

We will take an in-depth look at the most common real estate contingencies you need to understand when buying a home. Many buyers and sellers are not well educated about the intricacy of some real estate contingency clauses. Most buyers will have a home inspection contingency in their contract.

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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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Realty Biz

AUGUST 22, 2022

Ask your agent or lawyer to point out the cancellation clauses. Other than the appraisal, inspection clauses are the most common reason to cancel a home purchase. For that reason (and others), you want separate appraisal and financing contingencies in your purchase offer. You don’t want two mortgage payments.

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HomeLight

NOVEMBER 9, 2021

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. How it might take 12-75 days to sell your home. Direct Buyer (Simple Sale). Traditional Sale. Source: (CHUTTERSNAP / Unsplash).

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Realty Biz

MARCH 14, 2021

The problem with the iBuying business is that its instant offers usually come slightly below the market value of the home – that being the price homeowners must pay for a quick sale. Home sales have been booming, and it’s possible to sell a home very quickly, often above list price, on the open market.

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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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HomeLight

SEPTEMBER 30, 2021

Reading home sale contracts can often feel like learning an entirely new language. If you’ve never purchased a home before, the terminology and legalese can be confusing and overwhelming. Perhaps you’ve fallen in love with a home that’s under contract with a kick-out clause. How a kick-out clause works in a home sale.

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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. 7) Home insurance contingency. If the deal falls through, the seller can evict the buyer.

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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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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

AUGUST 23, 2023

Some people to sell their place first and hope they can find a new house quickly thereafter — but that, too, can feel risky, especially in a market like today where there aren’t many houses for sale. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

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HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. Requesting a reasonable decrease in the sale price based on the cost of repairs. Easy, right? Loan approval.

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