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What Does Contingent Mean in Real Estate?

HomeLight

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. Until those contingencies are cleared, the house isn’t officially sold.

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Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

Check multiple times per day as inventory moves fast. Making Competitive Offers Offering above the asking price and waiving contingencies like financing and inspections have become common tactics for winning in bidding wars. If waiving inspection contingencies, have the home pre-inspected so you enter informed on its condition.

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10 Signs Your Real Estate Market Is Shifting

Realty Biz

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.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

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.

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Sell Your House Fast in Milwaukee With Tips From Local Real Estate Experts

HomeLight

Price your Milwaukee home at fair market value with help from a top real estate agent. Simmons says that the Milwaukee seller’s market is so hot that 98% of buyers are waiving inspection contingencies to win bidding wars on homes. “It doesn’t matter what kind of market we’re in.

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How to Sell a House by Owner in Colorado

HomeLight

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. Average days on market : 46 (November 2022). Fast Facts for Selling Real Estate in Colorado.

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How to Sell a House by Owner in Texas

HomeLight

Fast Facts About Selling a House in Texas Median sales price $334,400 (February 2023) Average days on market 56 days (February 2023) Are FSBO yard signs allowed? Step 1: Address needed repairs and maintenance FSBO sellers in Texas may consider getting a home inspection prior to listing their home for sale.