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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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How to Sell a House As Is When You’re Done Getting Nickel and Dimed

HomeLight

That, or you’ve heard horror stories about the seller who attracted a great offer only to get taken to the cleaners over the inspection. With the average buyer negotiating $14,000 in savings from the inspection , your concerns are valid. Under the inspection contingency, the buyer asks you to repair it (even though you listed as is).

As-is 75
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Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

iBuyers , or “instant buyers,” are direct real estate buyers who purchase homes at scale. iBuyers typically make less money per flip than traditional home flippers and instead rely on purchasing and reselling many homes at a smaller profit margin to generate revenue over time. OK, but what exactly is a cash offer? Good question.

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Are Pre-listing Home Inspections Worth It? Here’s What Sellers Need to Know

HomeLight

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Pre-listing home inspections are just like standard inspections.

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Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

Your buyer will use the home inspection report to leverage a deal. In most cases, the buyer includes a home inspection contingency in their offer that allows them to walk away from the deal with their earnest money intact if you don’t agree to complete or pay for repairs. Source: (Zac Gudakov / Unsplash). But not so fast.

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HomeLight Trade-In: Why Homeowners and Agents Love Real Estate’s “Easy Button”

HomeLight

Sale contingencies are frowned upon. Buying and selling at the same time is tough in almost any situation, but it’s especially difficult in today’s real estate market. You’re probably in a bidding war against several other buyers. And when it comes to selling your home, the pandemic makes showings a real challenge.

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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

Looking for cash home buyers in Orlando? Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Need to Sell Your House Fast in Orlando? Receive your offer within a week and close in as little as 10 days. million people by 2030.

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