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Should I Waive the Mortgage Contingency in My Offer?

HomeLight

But it can also tilt a sale in your favor. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Learn More What is a mortgage contingency?

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What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

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Real Estate Markets Dictate Adding or Waiving Appraisals

Realty Biz

When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase. Buyers and sellers will often negotiate these items before reaching an agreement. Buyers and sellers will often negotiate these items before reaching an agreement.

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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. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

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How to Sell a House by Owner in California (2023 Updates)

HomeLight

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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The Housing Market Isn’t Crashing…But It Is Shifting

HomeLight

Our Summer 2022 Top Agent Insights Survey is out now, and it shows how the real estate market is changing. is not what the housing market is going through. And those of you who responded are in agreement. You’ll hear them share stories of what’s happening in their markets. Homes are getting fewer offers.

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

It’s the first financial move you’ll make in securing your new home purchase. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller? But that doesn’t mean the money will leave your account just yet. Down payment due dates can be a bit of a gray area. Transfer tax.