article thumbnail

Received Multiple Offers on Your Home? ‘Highest and Best’ Will Tell You Who Wants it Most

HomeLight

To combat the confusion, Lunger entered each offer into a spreadsheet so he could clearly outline the terms and finances behind each buyer’s interpretation of “best and highest.”. 260,000 offer with financing and inspection contingency, 60-day close. 248,000 offer with all contingencies waived, 30-day close.

article thumbnail

‘Real Housewives’ Star Teresa Giudice’s Home Sale Falls Through: What Went Wrong?

Realtor.com

. “And if the buyer of their home fell through, or they weren’t able to get one in the time frame, that would explain why this is back on the market.” “That combination naturally leads to higher days on market. “Every home listed these days always does. Realtor.com.

Insiders

Sign Up for our Newsletter

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

article thumbnail

51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Home financing. This gives both you and the seller more peace of mind that the deal will close and financing won’t hold things up. You’ll know how much home you can afford, and you can shop confidently knowing we’ve already looked under the hood of your finances. Sweeten the pot with earnest money. You’re in luck!

article thumbnail

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. Average days on market : 46 (November 2022). Earnest money.

article thumbnail

How to Sell a House by Owner in Texas

HomeLight

Fast Facts About Selling a House in Texas Median sales price $334,400 (February 2023) Average days on market 56 days (February 2023) Are FSBO yard signs allowed? Buyers may need longer to secure financing, or sellers may ask for additional time to move out after closing. Is a real estate attorney required?

article thumbnail

How to Sell a House by Owner in Arizona (2022 Updates)

HomeLight

Average days on market : 36 (April 2022). Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing. Earnest money.

article thumbnail

Beaches, Mountains, Sunshine? Yes, Please. Here’s How to Buy a California Home

HomeLight

Some programs available to low-to-moderate income homebuyers and first-time homebuyers include: Golden State Finance Authority (GSFA). The California Housing Finance Agency (CalHFA) has approved lenders that can qualify first-time homebuyers for a variety of home loans. Median days on market: 10. Median days on market: 8.