Days on market Finance Home sale contingency Pre-approval 
HomeLight
JUNE 9, 2023
If the appraisal comes in low, you’ll need to negotiate a lower sale price, ask if the buyer can make up the difference in cash, or challenge the first appraisal if there’s reason to believe it was flawed. According to NAR, 78% of recent buyers financed their home purchase in 2019, making this contingency incredibly common.
Real Trends
DECEMBER 27, 2022
Before a mortgage is approved, lenders will have a property appraisal. This ensures that the value of the deal is in sync with the sale price. Low appraisals are common during a “seller’s market,” which often occurs when housing demand is greater than housing supply. Home sale contingency. Financing fallout.
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HomeLight
NOVEMBER 9, 2021
The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? How it might take 12-75 days to sell your home. Traditional Sale.
HomeLight
JANUARY 3, 2023
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. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Get a pre-listing appraisal.
HomeLight
APRIL 21, 2022
Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Depending on your selling circumstances, a cash offer from HomeLight’s Simple Sale platform may be the solution you need for a quick, confident sale.
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