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Tips for Buying a Foreclosure Property

Point2Homes

The real estate agent you choose to work with is even more important when buying a foreclosure. Specifically, a real estate agent who is experienced in helping buy foreclosures and who has a good knowledge of the local area will know when a home is a bargain. Getting Pre-Approved. Getting the Right Help.

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Common Real Estate Contingencies

Windemere Selling

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. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

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What Happens After Making an Offer on a House?

Windemere Buying

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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Making a Contingent Offer: Common Real Estate Contingencies

Windemere Buying

Common Real Estate Contingencies. Home Inspection Contingency. If they discover issues with the property, this contingency allows you and your agent to present the seller with a new offer that accounts for the home’s lessened condition, or to cancel the contract entirely.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

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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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. 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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17 Home Closing Delays and How You Can Avoid Them

HomeLight

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. Problems with the title. How it can delay closing.

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