Point2Homes

DECEMBER 8, 2020

When searching for the ideal home, expect to encounter a few issues along the way, such as homes listed as contingent. But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. How is Contingent Different from Pending?

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

HomeLight

JULY 31, 2020

While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Loan approval.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? In this guide, we’ll take the term “active contingent listing” and break down what it means. What does active contingent mean?

Backup offer 79

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 79

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. Learn More Contingent or pending, you’re under contract!

MLS 93

MLS Backup offer Inspection contingency Purchase and sale agreement 93

HomeLight

JULY 29, 2022

First, when deciding to purchase a home, you’ll naturally try to make sure you’re at a stable point in your career. Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves.

Closing 103

Closing Purchase and sale agreement Title Home sale contingency 103

HomeLight

APRIL 21, 2022

You found your new home and want to avoid carrying two mortgages. It’s an inherited home you’re eager to sell. An experienced agent can guide you on whether or not the offers you receive on your home are worth considering. Contingencies : Various types of purchase contingencies can delay a sale. It depends.

Inspection contingency 106

Inspection contingency Home sale contingency Pre-approval Agents 106