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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. If you refuse and you can’t come to an agreement, they’re free to walk away.

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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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How to Sell a House by Owner in Colorado

HomeLight

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%.

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

Realty Biz

Factors driving cash home buying in Milwaukee include the rise of real estate investment companies, the desire for quick sales, and the appeal of renovation opportunities. Less room for negotiation: Cash buyers may not be as open to negotiation as traditional buyers since they're usually purchasing properties as-is.

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How to Sell a House by Owner in Texas

HomeLight

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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Is Your Realtor Doing a Good Job? Answer These 6 Questions to Find Out

HomeLight

Or maybe, you signed a purchase agreement with a real estate agent and have heard nothing but crickets since. For added insight on what constitutes a “good agent,” we interviewed top real estate agent Jason Farris who completes 11% more home sales than the average agent in Fresno, California. Source: (Surface / Unsplash).

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How to Conduct a Smooth Real Estate Transaction

McKissock

Purchasing property, especially a home, can be a very emotional experience. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Number of days on market. Closing dates. Inspections.