HomeLight

JUNE 9, 2023

Most real estate contracts — or roughly 80% — contain contingencies , according to data from the National Association of Realtors (NAR). As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. What are the most common contingencies?

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

Realty Biz

JULY 6, 2022

In a hot seller’s market homes sell in an instant. It is not unusual for a home to be on the market less than a week. When a market transitions from a seller’s to buyer’s market, the days on market will go up significantly. More Offers With Home Sale Contingencies.

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Home sale contingency Marketing Inspection contingency Inspection 137

Real Trends

DECEMBER 27, 2022

Low appraisals are common during a “seller’s market,” which often occurs when housing demand is greater than housing supply. Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency.

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Sales Home sale contingency Pre-approval Inspection 60

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? What do days on market mean? Direct Buyer (Simple Sale).

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Purchase and sale agreement Home sale contingency Title search Inspection 103

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%. Closing date.

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Purchase and sale agreement Inspection MLS Inspection contingency 113

HomeLight

MARCH 31, 2022

Median sales price: $449,900 (Feb. Average days on market : 36 (April 2022). For Sale signs in the yard: Generally allowed, but regulations vary by jurisdiction concerning size, placement, and other limitations. HomeLight Trade-In allows you to buy a new home before selling your old one. 2022 for Phoenix metro).

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Purchase and sale agreement Inspection MLS Inspection contingency 107

HomeLight

APRIL 21, 2022

If specific criteria aren’t met, the deal can fall through; i.e., the sale is contingent upon various factors outlined in the offer. Therefore, the fewer contingencies tied to an offer, the more likely the deal will reach closing. Common contingencies include an inspection contingency and an appraisal contingency.

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Inspection contingency Home sale contingency Pre-approval Agents 109