Remove Due diligence Remove Inspection contingency Remove MLS Remove Sales
article thumbnail

What Does Contingent Mean in Real Estate Sales

Realty Biz

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

article thumbnail

5 Keys To Know About an ‘As Is’ Home Sale Before You Try One

HomeLight

These are all items that you may see listed for sale “as is” on sites like Facebook Marketplace or Craigslist. So how do “as is” sales in furniture and retail translate to “as is” sales in real estate? A home inspection is part of a buyer’s due diligence. Simplifying the sale while remaining flexible.

As-is 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

Closing 105
article thumbnail

13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Bank-owned property sales work a little differently and can often take a bit longer.

Banks 98
article thumbnail

What is a 72-Hour Kick Out Clause And How Does It Work In a Home Sale?

HomeLight

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. The sellers may see every contingency as a possible roadblock that could delay or prevent you from completing the sale. An inspection contingency.

article thumbnail

How to Buy a Home As-Is and Make Sure You’re Protected

HomeLight

You’re scrolling through your MLS listings , and there’s a shockingly affordable new property available. However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. It’s your perfect style, and, even better, it’s a bargain.

As-is 100
article thumbnail

Selling a House ‘As Is’ in Connecticut

HomeLight

According to Todd Auslander , who completes 27% more sales than the average Stamford, Connecticut agent, selling a house ‘as is’ in Connecticut is mostly done when the owner inherits the house, lives out of state, or the house is in really bad condition. Median sales price in Connecticut. MLS has field to mark a listing “as is”?

As-is 111