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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. Not all sales will have contingencies with them, but most will. The majority of homebuyers use a mortgage to finance their purchases. Contingent Meaning. Title Contingencies.

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What Must Be Disclosed When Selling a House in Georgia?

HomeLight

Deliberately omitting facts, lying, or attempting to conceal pertinent information can open sellers up to potential litigation if the buyer purchases the home and later finds out the truth. Before entering into a purchase agreement, the seller must inform the buyer of any known lead-based paint hazards in the home.

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Ready to Sign the Purchase Offer for Your House? Here’s How to Read the Fine Print

HomeLight

Now that you have a purchase offer in hand, you’re in the home stretch, so to speak, of selling your house — but don’t sign the paperwork or pop the champagne just yet. Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money.

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

It’s the first financial move you’ll make in securing your new home purchase. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller? But that doesn’t mean the money will leave your account just yet. Down payment due dates can be a bit of a gray area.

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The Housing Market Isn’t Crashing…But It Is Shifting

HomeLight

And those of you who responded are in agreement. Well, first-time buyers can’t say, “Well, I’m gonna put down the $75k in equity that I gained from my last home, and use it as a down payment for my next purchase.” So if their mortgage is sustainable, they’re not gonna be listing their home for sale.

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

Before you start looking for homes in Florida, you want to determine if you’re ready to purchase one. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more.