Realty Biz

JANUARY 9, 2024

From preparing your home for sale to negotiating offers, these tips will ensure a successful sale. From nearly forty years experience being a Realtor, many home sellers make significant mistakes that cost them money. Sometimes it stops their sale dead in its tracks until the errors are corrected. Things have evened out.

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Realty Biz

DECEMBER 5, 2022

Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. With bidding wars being the norm and not the exception, many buyers were waiving their inspection to strengthen their offer. What Will Happen After a Home Inspection?

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HomeLight

NOVEMBER 29, 2021

Most purchase agreements have some terms in place that must be met for the deal to go through, such as having a home inspection completed. These are called contingencies, and they’re very common in a real estate sales contract. What’s the point of a contingency, and how long can a contingency period last?

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RIS Media

MAY 19, 2021

.” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? One of the most confusing things for buyers and sellers to understand is what contingent means vs. pending.

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First Team Real Estate

AUGUST 8, 2021

According to the latest National Association of REALTORS® Profile of Home Buyers and Sellers, the typical home sold last year was on the market for just three weeks. Home sales are moving quickly today because of limited inventory, causing lucky home sellers to see an increase in multiple bids or bidding wars.

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Redfin

MARCH 2, 2023

Regardless of your experience, navigating the housing market can be daunting, especially when it comes to understanding the complex jargon and legalities involved in purchasing a property. One important concept that all homebuyers should be familiar with though is the appraisal contingency.

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HomeLight

JANUARY 3, 2023

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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HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. Unsure about selling FSBO in Texas?

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CT Homes

OCTOBER 30, 2020

In many markets property values have taken off to levels not seen in well over a decade. Depending on your financial situation and the growth of your market it may be a great time to explore cashing out and selling your home. You can stand your ground, but the next buyer may find the same issues on their inspection.

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CT Homes

OCTOBER 30, 2020

In many markets property values have taken off to levels not seen in well over a decade. Depending on your financial situation and the growth of your market it may be a great time to explore cashing out and selling your home. You can stand your ground, but the next buyer may find the same issues on their inspection.

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HomeLight

JANUARY 10, 2023

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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HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

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HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% drop in median time on the market. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Florida. Get Started.

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HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Average days on market : 36 (April 2022).

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HomeLight

OCTOBER 1, 2020

But for some buyers, that excitement can quickly turn to anxiety when it comes time to sign the purchase contract. Will you lose your deposit? Once you and the seller sign the purchase agreement, things start to get real. Which contingencies you included in your contract with the seller. Financing contingency.

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HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent.

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HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? If the buyer’s current home sells, the sale of the new home can proceed.

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HomeLight

SEPTEMBER 11, 2020

Even a pandemic failed to slow down the 2020 real estate market. Yes, writing a high offer will incentivize the seller, but money isn’t the only factor! Does that mean a cash offer in your market? No sales contingency? Make sure your agent stresses that your offer doesn’t contain a sales contingency.

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HomeLight

JULY 31, 2022

When you find a neighborhood you love, the next step is finding a home that’s for sale and in your price range. Oftentimes, especially in a seller’s market , finding a home takes more than setting up notifications on your favorite real estate app. Find a home. You can take a page from their book and leverage your network as well.

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HomeLight

AUGUST 9, 2022

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.

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HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Why do sellers love cash so much?

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HomeLight

JULY 29, 2022

Once your offer has been accepted by the seller and you have signed the purchase contract, it’s time to order an appraisal. A home appraisal is an assessment of the fair market value of a real estate property. If the seller accepts, this is when you as the buyer sign the purchase contract to solidify the details of the sale.

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HomeLight

SEPTEMBER 1, 2022

If this all sounds perfect and you’re thinking of purchasing a home in Connecticut, read on! Before you start looking for homes in Connecticut, you want to determine if you’re ready to purchase one. Homebuyers in Connecticut pay an average of just over $2,700 in closing costs when purchasing a home. Saving for your down payment.

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HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Perhaps you’re relocating for your dream job in two weeks, but you don’t have the time or money to replace the roof on your University Place ranch that has sprung a leak. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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HomeLight

SEPTEMBER 1, 2022

Before you start looking for homes in Florida, you want to determine if you’re ready to purchase one. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more.

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Realtor.com

OCTOBER 29, 2020

Get all contingencies squared away. Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. It’s rarely advisable to waive an inspection contingency.

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HomeLight

OCTOBER 29, 2020

The need for a competitive offer is stronger than ever these days, when experts nationwide agree that the events of 2020 have created a robust seller’s market. This means buyers need to come prepared with enticing offers and the capacity to quickly follow through, and nothing can sideline an otherwise stable deal like tricky contingencies.

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HomeLight

JUNE 30, 2022

For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. These events may not necessarily prevent you from buying a house, but there may be a time limit required from the time the event happened until you can purchase a home with a mortgage.

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