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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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Sell Your House Fast in Milwaukee With Tips From Local Real Estate Experts

HomeLight

Simmons says that the Milwaukee seller’s market is so hot that 98% of buyers are waiving inspection contingencies to win bidding wars on homes. “It doesn’t matter what kind of market we’re in. Conduct a pre-listing home inspection to speed up the sale. Repair foundation and grading issues.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

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). This means, using the conventional process, you can generally sell your home in as little as 48-75 days. Average Days in 2021.

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How to Sell a House by Owner in Colorado

HomeLight

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. Inventory is starting to rise along with the average number of days on market as of September 2022.

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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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