HomeLight

JANUARY 3, 2024

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. Kaczor , a top-selling agent from Illinois with 30 years of experience. “It

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The Close

FEBRUARY 6, 2024

I contacted the listing agent only to learn that all offers were due by 5:00 p.m. Offer Above Asking Price When your buyers are competing with others in a multiple-offer situation, and the listing agent is asking for the “highest and best” offer, it’s a good idea to suggest offering more than the asking price.

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The Close

SEPTEMBER 10, 2020

A strong seller’s market is a lot like dealing with the craziness of this pandemic. 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.

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Redfin

FEBRUARY 2, 2021

What is a Seller’s Market? A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. How has the pandemic affected the market?

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Point2Homes

SEPTEMBER 30, 2021

If you haven’t already, try hiring a real estate agent to market your home. And the more time your home spends on the market, the more it becomes a red flag to them. It’s possible that you’ve priced your home too steep compared to the market value or that the neighborhood itself is in decline. Lowball Offers.

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Realty Biz

AUGUST 22, 2022

That’s probably why the price was a little below the market average. Yeah, I’ve been studying the market for a while and knew what houses were selling for. In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency.

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Windemere Selling

MARCH 14, 2022

When selling your home, a buyer may make their offer with contingencies attached. Here are some common contingencies you might see in a buyer’s offer and what they mean for you. Even if a buyer is pre-approved for their mortgage , they may not be able to obtain the right loan for the home.

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HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. A cash offer won’t always be the best deal,” says Enas Latif , a top real estate agent who sells homes 62% quicker than the average Harris Hill, New York agent. “A Source: ( Pexels / Pixabay ).

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Windemere Buying

OCTOBER 18, 2021

By working closely with your agent , you can identify these pitfalls ahead of time and adjust accordingly. Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted.

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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. How your real estate agent markets your property when an offer has been accepted can have vital implications. For example, some agents will mark your home contingent, while others will mark pending.

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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. A pending sale may be referred to as “under contract” by some real estate agents. It should be reassuring for all real estate agents that not many home sales fall through.

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Realty Biz

DECEMBER 23, 2022

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer.

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Windemere Buying

AUGUST 31, 2022

In a seller’s market , competition amongst buyers is high. To sweeten their offers in such market conditions, buyers will typically waive their contingencies. Common Real Estate Contingencies. Home Inspection Contingency. Title Contingency. Image Source: Getty Images – Image Credit: andresr.

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Windemere Buying

JUNE 22, 2022

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. The seller rejects your offer: If a seller rejects your offer, your agent may be able to relay information from the listing agent as to why it was insufficient.

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HomeLight

APRIL 29, 2021

For expert insight, we spoke with Kurt Thompson , a top real estate agent and former president of the Massachusetts Association of Realtors®. “Sellers don’t always understand the condition that their property should be in bringing onto the market,” says Thompson. Then there’s the inevitable delay.

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HomeLight

JUNE 21, 2022

Buyers typically pay for the inspection to uncover major issues that may give them second thoughts about purchasing the house and avoid surprise repairs after moving in. Contingencies can be costly. The appraiser utilizes this information to establish the home’s worth which affects the size of the mortgage the bank will approve.

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HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. 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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Redfin

JULY 30, 2020

Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as reasons more buyers are bidding on homes before visiting them. The pandemic has changed the way many people view homes, and on top of that, the market is highly competitive.

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HomeLight

OCTOBER 8, 2020

Buying and selling at the same time is tough in almost any situation, but it’s especially difficult in today’s real estate market. Sale contingencies are frowned upon. You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center. Links and Show Notes.

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Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. Effective marketing strategies, such as crafting an appealing listing description and utilizing professional photography, can also significantly impact the process.

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HomeLight

AUGUST 25, 2020

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. Source: (Sarah Shaffer / Unsplash).

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HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. drop in median time on the market. With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average time on market: 14 days (Jan 2022).

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HomeLight

NOVEMBER 9, 2021

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). That said, the number of days your home is on market depends on several factors, such as: The location of your home. Days on Market.

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Realtor.com

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. That’s all hunky-dory in a buyer’s market. Contingency: Early move-in. Fear factor: 2.

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Redfin

OCTOBER 12, 2020

From navigating the mortgage approval process to the possibility of a bidding war, it can be tricky to go at it alone. Real estate agent. However, the process will feel less daunting with an experienced real estate agent by your side. However, even if this isn’t your first rodeo, the homebuying process can be complex.

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HomeLight

JUNE 17, 2022

With some housing markets starting to cool off, pricing your home has to be just right. Each method has its advantages, depending on the current market conditions, your financial situation, and your selling objectives. List your home below market value. When will pricing my home below market value work in my favor?

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HomeLight

MARCH 30, 2021

Cesi Pagano , a real estate agent with over 30 years of experience in Orange County, California , says, “It’s important that buyers look at every detail. Some people just focus on a home inspection and that’s not enough. Ask your real estate agent to help you gauge the current real estate market in your preferred area.

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HomeLight

AUGUST 31, 2021

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. The most obvious contingency with an offer that requires financing is, of course, the financing itself.

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HomeLight

JULY 31, 2020

In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. Loan approval. It can take weeks to months for the lender to approve a short sale.

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HomeLight

OCTOBER 20, 2022

Although the appeal of FSBO lies primarily in saving the cost of paying a listing agent , the amount of paperwork, knowledge, and time necessary to sell a house without a real estate agent can be daunting. Many FSBO sellers will purchase a pre-listing appraisal. Comparative Market Analysis. Pre-inspection.

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HomeLight

MARCH 22, 2021

You need to write offers that tell the listing agent your offer has the best terms, lowest risk, and is most likely to cross the proverbial finish line. You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center. The best price doesn’t always win a bidding war.

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HomeLight

OCTOBER 12, 2020

You need to write offers that tell the seller and listing agent three things: your offer has the best terms. Sarita Dua is a top agent in Portland, Oregon who’s been winning bidding wars all year long — including seven straight in a single weekend. HomeLight’s Agent Resource Center. Links and Show Notes.

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HomeLight

SEPTEMBER 15, 2021

Without further ado, we’ve done the research to round up the key documents needed to sell a house and run them by two top real estate agents and a real estate attorney who’ve seen these forms countless times. Comparative market analysis. Proposed marketing plan. Pre-listing inspection report. Past utility bills.

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HomeLight

JUNE 30, 2021

Making an offer on a house without a Realtor® or a real estate agent is kind of like trying to represent yourself in a court of law — it’s possible, but it’s not a good idea. and what’s an agent? A real estate agent is licensed to help people buy, sell, or rent different housing or real estate property types. or an agent?

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Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Clear the title.

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HomeLight

OCTOBER 29, 2020

And that’s before buyers even start thinking about steps like making a contingent offer. Choosing a qualified agent and searching for the perfect home in terms of ideal size, location, price, and condition can already feel like a journey, but making an offer on a property is when the challenge really begins. Home inspections.

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HomeLight

MARCH 13, 2023

Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67 Need to Sell Your House Fast in Orlando? million people by 2030.

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