Point2Homes

DECEMBER 8, 2020

Therefore, if you find a property that you really want to purchase but has been marked as “contingent,” it could be well worth your time to have your real estate agent check into where things are in the transaction. How is Contingent Different from Pending? Short Sale. Probate contingencies are far less common.

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

HomeLight

JULY 31, 2020

Asking for a home warranty to cover questionable or outdated features. If all else fails and the repairs are too significant, it’s important to have an inspection contingency in the contract that allows the buyer to cancel the deal after evaluating the inspection report without losing their earnest money deposit.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 77

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. Learn More Contingent or pending, you’re under contract!

MLS 92

MLS Backup offer Inspection contingency Purchase and sale agreement 92

HomeLight

JULY 29, 2022

So get a contract, then call for a home inspection, and then call the insurance company — those are the calls that you make before you do anything else.”. In a traditional market, buyers won’t want to close until the issue is resolved. In a traditional market, buyers won’t want to close until the issue is resolved,” Veres says.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

APRIL 21, 2022

To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. You found your new home and want to avoid carrying two mortgages. Your house has been on the market three months or more.

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Inspection contingency Home sale contingency Pre-approval Agents 106