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HomeLight
JANUARY 31, 2024
In this post, we’ll unpack real estate contingencies, clarify the difference between contingent vs. pending, and explain how long a house might remain labeled as contingent. We’ll also share how you can make a strong offer with fewer contingencies. Learn More What does contingent mean? Why Move Twice?
HomeLight
AUGUST 31, 2021
Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. Updated August 31, 2021.
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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. Many offers contain contingencies.
HomeLight
NOVEMBER 29, 2021
According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Source: (Kelly Sikkema / Unsplash).
HomeLight
MARCH 23, 2022
But there’s a catch: Because you don’t typically have to provide any documentation, nothing is verified, and this loan amount isn’t guaranteed. In the words of Leslie Peterson , a top agent in San Francisco , California: “It’s just a crazy market right now.”. Peterson is right. Single Family Homes. Get as far into underwriting as possible.
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