Rochester Real Estate
NOVEMBER 5, 2015
There are many market indicators that a top producing Realtor should be able to share with you to help explain the condition of the local real estate market. One of the most important indicators on market conditions is average days on the market. In most cases, inspections are at the expense of the buyer.
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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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. One way of doing that will be eliminating common contingencies.
HomeLight
SEPTEMBER 22, 2020
260,000 offer with financing and inspection contingency, 60-day close. 248,000 offer with all contingencies waived, 30-day close. 250,000 offer with financing and inspection contingency, largest earnest money deposit , 60-day close. Then, it’s back to square one and racking up days on market.
HomeLight
AUGUST 25, 2020
Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. In fact, 24 days from list to offer is pretty swift, historically speaking. In the current pandemic climate, some closings have dragged on more like 60 days. Your sale could be different.
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). What do days on market mean? Average Days in 2021. Average Days in 2021. Days on Market.
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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