What Does Contingent Mean in Real Estate Sales

Realty Biz

The Definition of Contingent. Do you know what contingent means when either buying or selling a home? When you begin an online search for a home, you may find some sale statuses you don’t fully understand. What’s The Meaning of Contingent?

3 Top Reasons Why Sellers Sue Buyers for Backing Out of Home Sales


You’ve won your dream home, and you can’t help but get swept away in plans for your new abode. You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). What are contract contingencies?

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7 Creative Strategies to Make Your Offers Stand Out in a Seller’s Market

The Close

That means you need to open lines of communication with the listing agent to find out exactly what they need and want from the sale. What is the ideal timing they want or need to be out of their home? What are their biggest concerns about the sale? My client had a home to sell.

Why Sellers Should Add a Kick-Out Clause to Avoid a Contingency Nightmare


As any seller would be, you’re thrilled when an offer comes in for your property — but that excitement fades when you find out it’s contingent on the sale of the buyer’s home. A closer look at contingencies. This is called the “home salecontingency.

How HomeLight Trade-In Captured Over Asking Price for One Carlsbad Couple


When the Cowing family decided it was time to upsize to a larger home in Carlsbad, California, they were faced with a common real estate quandary: What’s the best way to buy a new house while selling another at the same time? ?.

17 Home Closing Delays and How You Can Avoid Them


There’s a house for sale that you want to buy. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. Likewise, the seller may not agree to lower the price of the home.

Everything You Need to Know About Making an Offer: 15 Tips for Homebuyers


Knowing how to write a strong offer won’t do you much good if you don’t have the budget to cover it because you’ve been looking at homes way out of your price range. Then, make sure you are only searching for, and writing offers for, homes you can truly afford. No sales contingency?

Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For


If you’re looking to buy a home, you’ve probably heard that cash is kind of a big deal in real estate. 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.