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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. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. Until those contingencies are cleared, the house isn’t officially sold.

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

HomeLight

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. 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. Your sale could be different.

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Tips and Strategies For a Successful Spring Home Sale

Realty Biz

According to Zillow, houses listed for sale in the first half of May sell six days faster than average. A survey by Realtor.com disclosed that 50% of homes sold in the spring selling season were on the market for less than a month. Set a competitive price using current market trends by analyzing recent sales data.

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4 signs a pending home sale will fall through

Real Trends

With a little bit of informed vigilance, you will be able to increase your rate of successful closes. Keep reading to learn about the reasons a deal is starting to slip and the warning signs that a deal will never close. How often does a pending home sale fall through? Once signatures have been completed, the deal is closed.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). Great news!

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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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‘Real Housewives’ Star Teresa Giudice’s Home Sale Falls Through: What Went Wrong?

Realtor.com

A deal for her massive mansion in Montville Township, NJ, which had been in “sale pending” limbo for nine months, just fell through, forcing her to relist it. . bathroom home the reality TV star once shared with ex-husband Joe went up for sale for $2.5 Why did Teresa Giudice’s home sale fall through? .