HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. Purchase mortgages today are taking over 40 days to close on average.

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 140

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. Far Fewer Cash Sales.

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Home sale contingency Marketing Inspection contingency Inspection 137

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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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? How it might take 12-75 days to sell your home. Traditional Sale.

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Purchase and sale agreement Home sale contingency Title search Inspection 83

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%.

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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. Complete home appraisal by a third-party independent appraiser (necessary if your buyer is using a mortgage).

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Purchase and sale agreement Inspection MLS Inspection contingency 87

Real Trends

MARCH 17, 2022

As a power buyer, Ribbon works by buying homes for buyers regardless of where the buyer is in the mortgage process. Ribbon also says they will waive mortgage, appraisal, and home sale contingencies. The average sales price for a single-family home in Virginia rose 13.7%

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Home sale contingency Days on market Mortgages Sales 70