Days on market Home sale contingency Marketing Pre-approval 
HomeLight
JUNE 9, 2023
So if you’re buying a house and see a listing that’s contingent, it’s likely going to be fully off the market soon. If you receive a contingent offer as a seller, statistically speaking, that deal is likely to still close. That said, contingencies in a real estate contract do create some uncertainty.
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.
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HomeLight
NOVEMBER 9, 2021
If you need to sell your home pronto, now is a great time. 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? 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%.
HomeLight
APRIL 21, 2022
To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. You found your new home and want to avoid carrying two mortgages. Your house has been on the market three months or more.
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