HomeLight
JANUARY 31, 2024
In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase. The most extended periods typically relate to mortgage and home sale contingencies.
HomeLight
AUGUST 31, 2021
From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. If sellers get paid at closing either way, why is cash better?
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HomeLight
JANUARY 13, 2022
An active contingent listing means that the seller has accepted an offer from a buyer, but certain conditions haven’t been met yet. These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. Inspection contingencies.
HomeLight
NOVEMBER 29, 2021
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. When reviewing an incoming offer, you’ll take into consideration the overall offer terms, such as: the buyer’s ability to qualify for a home loan.
HomeLight
MARCH 23, 2022
When underwriting is completed before you make an offer on a house, it can speed up the closing process, making your offer more attractive to sellers. Speaking of contingencies, Peterson says the fewer, the better. Leslie Peterson. Real Estate Agent. Leslie Peterson. Real Estate Agent at Leslie Peterson Group | Evolve Real Estate.
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