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How Long Can a House Be Under Contract?

Norada Real Estate

Purpose of Under Contract The purpose of the under-contract period is to allow both parties to fulfill any contingencies and prepare for closing. However, the duration can be influenced by several factors, such as contingencies, negotiations, and local regulations. But how long can a house be under contract?

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First Time Selling a House Checklist

Realty Biz

Selling your first home can be an exciting yet overwhelming experience. As a first-time home seller, you'll want to navigate the process smoothly, maximize your profit, and minimize stress. To help you achieve these goals, we have compiled a list of essential tips that will guide you through the process. It is no longer a robust seller's market.

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Your Ultimate Guide to Buying a Home in Texas in 14 Steps

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Everything’s bigger in Texas” is a popular slogan and this is true for houses as well.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Help From the Seller.

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What is a Purchase and Sale Agreement?

Redfin

For instance, if the buyer’s home inspection turns up a problem with the home, the buyer may be able to negotiate a reduced purchase price. 2) Earnest money details: The PSA will include information on the earnest money deposit, such as the dollar amount and instructions for making the deposit.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. For example, if a home sale is contingent or pending, can you still make an offer? 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.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. It almost certainly will not move as quickly as anticipated. is not a simple or finite one.

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