HomeLight
JANUARY 31, 2024
Contingent listings can be puzzling and sometimes frustrating — especially when you’re searching for your dream home. In this post, we’ll unpack real estate contingencies, clarify the difference between contingent vs. pending, and explain how long a house might remain labeled as contingent. Why Move Twice?
HomeLight
DECEMBER 12, 2023
Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. This is where a mortgage contingency can save the day. A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. Get Started What is a mortgage contingency?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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. trillion in 2021.
RIS Media
JULY 30, 2021
Stefan Peterson, zavvie chief data officer and co-founder, explains the impact on the typical consumer: “A Denver buyer with a traditional mortgage and a loan contingency had to make offers on an average of seven homes before winning the day.” Released recently zavvie, the report also details that iBuyers are back.
Realtor.com
NOVEMBER 28, 2022
“There are bridge loans that will allow for short-term use of equity from your current property to serve as a down payment for the next property if this is needed. ” Current rates on bridge loans range from 6% to 16% with the idea that you’re paying off the loan as quickly as possible, as soon as your original house sells.
RIS Media
FEBRUARY 17, 2022
According to zavvie, consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. The report also examines offer strength, offer acceptance rates, service fees, average concessions, time to close, and customer satisfaction. For more information, visit zavvie.com.
HomeLight
AUGUST 31, 2021
A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan.
Expert insights. Personalized for you.
99 
Let's personalize your content