Days on market Inspection contingency Loans Mortgages 
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. Until those contingencies are cleared, the house isn’t officially sold.
Realty Biz
MARCH 13, 2024
While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. This article explores the key factors home buyers need to know about the Maryland housing market this year. Consider keeping your finance contingency for your protection.
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HomeLight
JANUARY 27, 2021
Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. Getting a mortgage can be a stressful and frustrating process. Paying mortgage insurance isn’t that big a deal.
HomeLight
APRIL 21, 2022
You found your new home and want to avoid carrying two mortgages. Your house has been on the market three months or more. 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. You’re in a buyer’s market.
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). How it might take 12-75 days to sell your home. What do days on market mean? Average Days in 2021.
HomeLight
AUGUST 25, 2020
home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. That’s 70 days — or a little over two months — from listing to closing. Every house, every market, and every individual sale will vary in terms of days on market and closing timelines.
Real Trends
DECEMBER 27, 2022
Whatever side you are on, being aware of inspection issues and how to work with them will be paramount in increasing your close rate. Before a mortgage is approved, lenders will have a property appraisal. Low appraisals are common during a “seller’s market,” which often occurs when housing demand is greater than housing supply.
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