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Understanding Why Under Contract Homes May Fall Apart

Realty Biz

Real estate transactions involve multiple stages, with "under contract" being a critical phase. During this stage, various contingencies, inspections, and other conditions may need to be met before the sale is finalized. Home Inspection Concerns Home inspections are crucial to the buying process.

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.

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First Time Selling a House Checklist

Realty Biz

Prepare and Stage your Home First impressions matter when selling a home. Enhance your home's appeal by effectively decluttering, deep cleaning, and staging. One of the best attributes of any excellent Realtor is providing sound staging advice to their clients. Homes are selling fast and often for over the asking price.

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What is Earnest Money and Why Do You Need It?

Redfin

Once the seller’s agent is able to confirm that your earnest money has been deposited into an escrow account, the seller’s agent will mark the listing as a pending sale — in effect taking the property off the market. How much earnest money do you need to offer? Where does the earnest money go? .

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. If the home inspection finds severe problems, or the seller doesn’t agree to repair or provide credits, the buyer can walk away. Financing or Mortgage Contingencies.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

They will also get their earnest money deposit back , and the home will go back on the market. Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. Most of the time, when a home is at the contingent stage, sellers are still interested in offers from other parties.

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How to Sell Your Home for Cash: The Process!

CT Homes

Find and Qualify your Buyers Compare Contracts Offer Terms Inspection Contingency Earnest Money Deposit Closing Period Accept an offer and Open Escrow Monitor Transaction Deadlines Close Escrow. It’s also important at this stage to research the buyers BEHIND the offer. Inspections. If so, how much?