RIS Media
APRIL 18, 2022
It may make sense to put in a backup offer when you’re not the winning bidder. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. . Get pre-approved for a mortgage. The requested closing date. This one is a biggie.
Realty Biz
NOVEMBER 11, 2020
When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan.
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RIS Media
APRIL 8, 2022
While financing may be pre-approved, the process is complex. Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Sometimes significant problems are revealed that could hinder the closing happening.
The Residential Specialist
DECEMBER 31, 2020
With many restaurants, stores and other businesses closed, people also aren’t going out as much and realize they want more from their homes, whether it’s an updated kitchen or space to spend time outside. This helps us see instantly if a given offer is viable.”. Backup Offers.
HomeLight
JUNE 9, 2023
A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. It’s also true that most real estate contracts, even those with contingencies, end up closing. Purchase mortgages today are taking over 40 days to close on average.
Windemere Buying
JUNE 22, 2022
Sellers will typically request alterations like a higher price, a modification to your contingencies , or an adjustment of closing dates. Prepare for counteroffers ahead of time with your agent by discussing your price limit , how much you’re willing to budge on your contingencies, your flexibility around closing dates, etc.
First Team Real Estate
DECEMBER 7, 2020
Having several offers on your home is fantastic, however, how do you guarantee you pick the very best deal and don’t miss out on an even better one? Speed primarily revolves around the closing date , but there are a couple of other aspects to think about. Having a solvent purchaser helps guarantee a smooth closing.
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