The Close

SEPTEMBER 10, 2020

A strong seller’s market is a lot like dealing with the craziness of this pandemic. Hating to lose more than I wanted to win, I came up with these seven creative strategies to make any offer stand out in a seller’s market. Working closely with a lender should be mandatory before showing any homes. CALL the Listing Agent.

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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. For more information, visit www.weichert.com.

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Realty Biz

APRIL 20, 2022

Due to the overwhelmingly strong seller’s real estate market some buyers are making their offers more attractive. They will remove the appraisal contingency that is inherent with getting a mortgage. Due to bidding wars, many homes are selling way above the asking price. Home Sale Contingency.

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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. If you are selling a home, there are also some ramifications you should know about as well. How your real estate agent markets your property when an offer has been accepted can have vital implications.

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Real Trends

DECEMBER 27, 2022

Asynchronous appraisal. Before a mortgage is approved, lenders will have a property appraisal. This ensures that the value of the deal is in sync with the sale price. On the seller’s side if your appraised value is higher than the contract value, you may have left money on the table. Home sale contingency.

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HomeLight

SEPTEMBER 14, 2022

When home prices and mortgage rates fluctuate it can make your head spin, especially if you need to sell a house in a down market. To help you navigate a shifting housing market, we spoke with real estate agent Mari Slobounov, who is a business partner with the top-producing Lynn Holley Real Estate Group in Madison, Wisconsin.

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RIS Media

APRIL 8, 2022

Homes listed as contingent mean a home seller has accepted an offer on the house, and the sale is going through once a specific criterion (highlighted in the contract) is met. Homes that are listed as pending or sold are officially off the market. . Can a home listed as contingent fall through?

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Windemere Buying

AUGUST 31, 2022

After you and the seller agree on the price of a home, both parties have certain duties to finalize the transaction. Buyers are responsible for securing financing , having the home inspected, and getting the property appraised. In a seller’s market , competition amongst buyers is high. Appraisal Contingency.

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Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets.

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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 financing isn’t approved: Financing can fall through if the buyer doesn’t get approved for the loan, especially when interest rates rise and price them out of the market.

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Realty Biz

FEBRUARY 20, 2021

In extreme seller’s real estate markets, it is not uncommon for buyers to waive a home inspection as a way of sweetening their offer. Unless a buyer is paying cash, the mortgage contingency clause is almost always found in a purchase and sale agreement. You need the real estate appraisal to be at a specified amount.

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Realty Biz

APRIL 17, 2023

The Property Does Not Appraise For The Purchase Price When a buyer has an appraisal contingency, they can terminate the sale if the appraisal does not come in at the purchase price or higher. The buyer must provide written notice of their intent to terminate the contract due to the appraisal results.

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HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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Real Trends

JUNE 8, 2022

In the current low inventory/ high price housing market, buyers wanting to ensure theirs is the successful, accepted offer need to find different ways to compete. As a power buyer, Ribbon will purchase a home on behalf of a buyer, regardless of what stage of the mortgage process the buyer is in.

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HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. 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). Just how fast can you sell your home? Condition of your home.

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Redfin

JANUARY 25, 2021

The inspection contingency can protect you from purchasing a poor property investment because it allows you to back out of the deal if a major issue is discovered. 2) Appraisal contingency. 3) Financing contingency. 4) Home sale contingency. 6) Kick-out contingency.

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RIS Media

MAY 19, 2021

Appraisal Contingencies. To ensure that they aren’t lending more than the home is really worth, they will use a home appraiser to find the fair market value. Title contingencies can be responsible for around 10% of delayed sales. Home Sale Contingencies.

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RIS Media

APRIL 12, 2021

If the contingency terms are not met, the contract is no longer enforceable and one party may even back out of the deal. Types of Contingencies . Purchase contracts typically include an appraisal contingency. A lender won’t approve a mortgage for an amount greater than a home’s appraised value.

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Realty Biz

MARCH 14, 2021

residential real estate market has proved to be a real test for iBuying companies. The iBuying business model sees companies such as Opendoor and Zillow give people a way to sell their homes quickly. Homeonwers can request an instant offer on their home and then sell it to the iBuyer immediately if they decide to accept it.

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HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). The appraisal is lower than the purchase price. Lenders providing mortgage loans require an appraisal to confirm that the actual value of the home is at least equal to the loan amount.

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Realty Biz

MARCH 8, 2021

Opendoor will then back that offer with cash, meaning buyers can submit their offer free of financing, appraisal or home sale contingencies. Opendoor will then buy the home itself, with cash, if the buyer’s financing request is rejected. Raleigh-Durham, N.C.; Phoenix; Tucson, Ariz.;

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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. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%.

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HomeLight

SEPTEMBER 30, 2021

A contingency is a particular condition that must be met in order for the home sale contract to close. There are several different types of contingencies that may be included in a home purchase agreement, like home sale, appraisal , title , and inspection contingencies.

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HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% drop in median time on the market. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Florida. Get Estimate.

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Redfin

MARCH 3, 2022

From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. For example, a termite inspection could show that there is damage that’ll require major repairs or the appraisal value of the home comes in lower than the price you offered on the home.

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HomeLight

MARCH 31, 2022

While FSBO can work, it does come with some risks, including the possibility of selling your house for less than market value. What's Your Arizona Home Worth? We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent.

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Realty Biz

JULY 1, 2023

Meeting Contractual Requirements Once the escrow is opened, both the buyer and seller must fulfill the contingencies and conditions outlined in the purchase agreement. These may include appraisal contingencies, financing contingencies, or home sale contingencies.

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HomeLight

JUNE 17, 2022

With some housing markets starting to cool off, pricing your home has to be just right. For this post, we’ve gathered expert advice and done extensive research about the various home pricing strategies. Let’s take a look at the three pricing options you’ll be considering when selling your home.

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HomeLight

APRIL 21, 2022

Marketing your home “for sale by owner” (known as FSBO ) or selling to an iBuyer (instant buyer) like Opendoor or Offerpad are options that may seem to prioritize profit and speed, respectively. But the most conventionally respected process for selling your home involves a licensed Realtor®, and there are proven reasons why.

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HomeLight

APRIL 15, 2022

An iBuyer is a deep-pocketed real estate technology company that uses digital tools to purchase homes directly from homeowners and close quickly. iBuyers tend to offer much closer to market value than other types of investors and flippers, but they also charge a service fee and are limited in the types of homes they will buy.

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HomeLight

NOVEMBER 10, 2021

Please visit the iBuyer’s website for the most up-to-date information on each individual program’s fees, market coverage, business model, and more. When a buyer is scheduled to tour your home the next day, you can’t hit the sack. iBuyers leverage online appraisal technology to determine a home’s value and what they’re willing to pay.

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HomeLight

OCTOBER 20, 2020

It’s standard for homebuyers to pencil in these escape hatches in the event that the home fails to appraise, an issue crops up with the title, or if they’re unhappy with the results of the inspection. This is called the “home sale” contingency. Protecting yourself with a kick-out clause.

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Redfin

JANUARY 26, 2022

5) Title condition: The PSA will include an agreement that the seller will provide a clear or marketable title of ownership to the buyer. . 6) Contingencies: Contingencies are conditions that must be met in order for the home purchase to be completed.

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First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. Amidst a continuous pandemic, seller’s markets are still holding strong throughout the nation. Pre-approval: These days, being pre-approved for a loan is basically a requirement in competitive markets.

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Redfin

AUGUST 4, 2021

A listing agent, also known as the seller’s agent, is a real estate agent who represents a home seller in a real estate transaction. A selling agent, more commonly known as a buyer’s agent, represents the homebuyer find a house and guide them through the process of purchasing a home. Prepping for the market. Pricing your house.

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HomeLight

DECEMBER 22, 2020

And it’s coming from urban real estate markets. Social distancing and stay-at-home directives have been the theme song of 2020, leading more and more urban dwellers to exit densely-populated city locations in favor of suburban residences. Nationally, a more typical “days on market” timeline would be less than 30 days.).

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HomeLight

JUNE 23, 2022

However, if the buyer terminates the contract for any other reason not specified in these conditions, the seller is typically entitled to keep the earnest money as a concession for the time they took the home off the market to enter into the exclusive agreement. In competitive markets, this contingency is very unattractive to sellers.

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