Remove Closing Remove Design Remove Inspection contingency Remove Purchase and sale agreement
article thumbnail

How Long Can a House Be Contingent?

HomeLight

You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean? In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. How long can a house be contingent?

article thumbnail

Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. What is a contingency clause?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Sell a House by Owner in Colorado

HomeLight

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

article thumbnail

What is An Appraisal Contingency and How Can it Impact Your Homebuying Journey?

Redfin

Regardless of your experience, navigating the housing market can be daunting, especially when it comes to understanding the complex jargon and legalities involved in purchasing a property. One important concept that all homebuyers should be familiar with though is the appraisal contingency. What is a contingent offer?

article thumbnail

What Does a Real Estate Agent Do? The Benefits of a Buyer’s Agent

HomeLight

According to the National Association of Realtors®, 88% of homebuyers purchased their home in 2020 through a real estate agent , and for good reason. Many designations are affiliated with the NAR, and an agent must complete coursework and sometimes an exam to receive the title. there are over 1.4 million Realtors®.

Agents 100
article thumbnail

How to Sell Your House Without a Realtor: 14 Steps to Selling FSBO

HomeLight

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

article thumbnail

Here’s How You Can Make an Offer On a House Without a Realtor® in 9 Steps

HomeLight

There’s more that goes into making an offer besides landing on a purchase price. We’re bound by a certain code of ethics that really governs everything that we do and is designed to protect our clients and to put our clients first.”. This is usually the biggest purchase and sale someone makes in their life.