article thumbnail

How Long Can a House Be Contingent?

HomeLight

These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase. Essentially, the deal can proceed to closing only if these specified conditions are fulfilled. Appraisal contingency: This ensures that the property must be appraised at a value equal to or higher than the sale price.

article thumbnail

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

HomeLight

If you follow interior design trends, you may want to stage and style your home yourself. The flat fee company posts the listing on the MLS, and the seller is responsible for showing their home, negotiating with either the buyer or the buyer’s agent, and managing the closing timeline. inspection and loan contingency time frames.

article thumbnail

How to Sell a House ‘As Is’ in Ohio

HomeLight

Real estate attorneys are not considered essential for closing in the state of Ohio. What I do is when I go into the house and I see some minor repairs, then a lot of times I will have my contractors complete the repairs and have the sellers reimburse us at closing. Real estate transfer taxes? 0.10% plus county tax rate. Lorraine Lynn.

As-is 101