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. An active listing means the home in question is currently on sale, and sellers are actively open to offers. While financing may be pre-approved, the process is complex. Contingent meaning. These include; .

Debt-to-income ratio

The Residential Specialist

DECEMBER 31, 2020

Sellers are reaping the benefits from this shift in demand—it’s likely they’ll receive multiple offers on their homes and that they will sell for more than they may have pre-COVID. Dealing with multiple offers can overwhelm sellers, who are already going through an emotional and challenging journey by selling their homes.

Backup offer

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. If you receive a contingent offer as a seller, statistically speaking, that deal is likely to still close. ” So, what does contingent mean in real estate?

Home sale contingency

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. An appraisal gap is the difference between the purchase offer and the appraised value of the home.

Purchase and sale agreement

First Team Real Estate

DECEMBER 7, 2020

In numerous cities, home buyer demand is up while inventory stays low– leaving house hunters fighting it out in multiple-offers scenarios and sellers attempting to browse everything. Having several offers on your home is fantastic, however, how do you guarantee you pick the very best deal and don’t miss out on an even better one?

Purchase and sale agreement

HomeLight

JUNE 29, 2022

Getting the highest possible offer for the property (even if it requires some additional work and money to prepare the property for sale). As interest rates start increasing, as they are right now in 2022 , sellers may not have as many backup offers to consider as they would when rates were low. Single Family Homes.

Earnest money deposit

Toronto Realty Blog

NOVEMBER 3, 2021

Not only does “a home sell itself” in Toronto, but you really just have to put a sign on the lawn, set an offer date, and voila! TorontoRealtyBlog. Selling real estate is easy, right? Perhaps I don’t tell the tough stories often enough, probably because the readers find stories like this one to be boring. Not exactly.

Purchase and sale agreement

Windemere Buying

JUNE 22, 2022

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. This can serve as a learning opportunity for the next time you prepare an offer. This is an indication that your offer has piqued the seller’s interest.

Purchase and sale agreement