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What Does Contingent Mean in Real Estate?

HomeLight

But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” ” So, what does contingent mean in real estate? A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet.

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Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

Check multiple times per day as inventory moves fast. Making Competitive Offers Offering above the asking price and waiving contingencies like financing and inspections have become common tactics for winning in bidding wars. If waiving inspection contingencies, have the home pre-inspected so you enter informed on its condition.

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10 Signs Your Real Estate Market Is Shifting

Realty Biz

It is not unusual for real estate markets to change. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically.

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Received Multiple Offers on Your Home? ‘Highest and Best’ Will Tell You Who Wants it Most

HomeLight

The “best” component refers to all the other terms included in a contract that can be tweaked to sweeten the deal — such as waived contingencies , putting down more cash upfront , or offering a more flexible closing date. In Lunger’s market, he’s seen some listings ask for the highest and best on the very first day the home is listed.

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Selling a House ‘As Is’ in Missouri

HomeLight

Typically, the reasons are like an estate sale where they’ve inherited the property, and they don’t have the funds or the inclination to prepare the property for the market. “It’s It’s a seller’s market, and they strongly prefer an “as is” sale,” she adds. Looking to sell a house “as is” in Missouri?

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Countdown to Closing: How Long Does it Typically Take to Sell a House?

HomeLight

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. Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. Your sale could be different. Crank up the curb appeal.

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What is a Seller’s Market?

Windemere Selling

That’s why it’s critical for buyers and sellers to work with an agent who not only understands their wants and needs but who can also help them navigate highly competitive market conditions. What is a Seller’s Market? A seller’s market occurs when demand exceeds supply. A cash offer has significant power in a seller’s market.