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What Does Contingent Mean in Real Estate?

HomeLight

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. What are the most common contingencies?

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Countdown to Closing: How Long Does it Typically Take to Sell a House?

HomeLight

home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. That’s 70 days — or a little over two months — from listing to closing. In fact, 24 days from list to offer is pretty swift, historically speaking. Condition of the home.

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Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

Check multiple times per day as inventory moves fast. Making Competitive Offers Offering above the asking price and waiving contingencies like financing and inspections have become common tactics for winning in bidding wars. Remember that appraisals align with market value, not simply what you offer, which could jeopardize financing.

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Why Milwaukee is a Hotspot for Cash Home Buyers: Trends and Insights

Realty Biz

Here are some of the benefits of selling to cash buyers: Fast transactions: Cash buyers don't need to secure a mortgage, which means they can close the deal much faster than traditional buyers. No contingencies: Cash buyers won't require an appraisal or inspection, which can speed up the process and save you money.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. What do days on market mean?

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Selling a House ‘As Is’ in Virginia

HomeLight

Skip repairs and close in as few as 10 days. Real estate attorneys are not considered essential for closing in the state of Virginia Real estate transfer taxes? These companies can help sellers cash out quickly, and many will cover a seller’s closing costs. Yes Is a real estate attorney required?

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Real Estate FAQ: Top 10 Questions Home Sellers and Buyers Ask

HomeLight

From determining the right asking price to navigating the closing process, we’ve got you covered. Tackle necessary repairs: Address any known issues that could deter buyers or be flagged during a home inspection. Throughout this post, watch for the »Learn more links to see additional free resources from HomeLight.

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