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?
Realty Biz
MARCH 13, 2024
This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Don’t get emotionally swept up and overpay.
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Realty Biz
JULY 6, 2022
It is not unusual for real estate markets to change. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically.
Windemere Selling
MAY 12, 2021
When the housing market favors sellers, a seller can expect ideal conditions for selling their home. However, that’s not to say that a seller’s market doesn’t come with its own unique set of challenges for parties on both sides of the transaction. What is a Seller’s Market? A seller’s market occurs when demand exceeds supply.
HomeLight
JUNE 28, 2021
Not surprising, given that the Mayo Clinic provides the Rochester community with 39,300 jobs , bringing a steady flow of people to the city — and homebuyers to its housing market. If your home is in a prime location, or if your condo is maintained by a property manager, market those perks to incoming students.
HomeLight
SEPTEMBER 22, 2020
In Lunger’s market, he’s seen some listings ask for the highest and best on the very first day the home is listed. I have to laugh, because two weeks later, the properties are often still on the market,” Lunger says. You overestimate your market. . 260,000 offer with financing and inspection contingency, 60-day close.
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.
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