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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

An active contingent listing means that the seller has accepted an offer from a buyer, but certain conditions haven’t been met yet. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Appraisal contingencies.

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A Seller’s Home Appraisal Checklist: A Cheat Sheet for Your Home’s Final Exam

HomeLight

You’re so close to closing. The only thing that stands between you and a sale is the appraisal. After you accept an offer, the buyer’s mortgage lender typically contacts a third-party appraisal management company (AMC ). The appraisal is usually the last piece of the loan package to be completed before closing.

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