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How Long Can a House Be Under Contract?

Norada Real Estate

Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency. This contingency allows the buyer to have the home inspected and negotiate repairs or credits with the seller.

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First Time Selling a House Checklist

Realty Biz

Research the Local Market Before listing your home, it's crucial to research the local real estate market. Understand the current market conditions, including recent sales, average time on the market, and pricing trends. For example, the market has recently shifted in some areas of the country.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause.

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Your Ultimate Guide to Buying a Home in Texas in 14 Steps

HomeLight

Research the market and determine where you would like to buy. The best time to buy a house can depend on a number of different factors including location, inventory, and number of buyers in the market. In competitive markets, cash offers could be more likely to be accepted by sellers with multiple interested buyers.

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What is a Purchase and Sale Agreement?

Redfin

For instance, if the buyer’s home inspection turns up a problem with the home, the buyer may be able to negotiate a reduced purchase price. 2) Earnest money details: The PSA will include information on the earnest money deposit, such as the dollar amount and instructions for making the deposit.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. How your real estate agent markets your property when an offer has been accepted can have vital implications. For example, some agents will mark your home contingent, while others will mark pending.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

If this problem can’t be resolved, an appraisal contingency in the contract allows the buyer to cancel the agreement and retain their earnest money deposit. Repairs identified in the inspection. Problems with the title. Minimizing clouds in a title search requires the seller to be proactive.

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