HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. What are the most common contingencies?

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 141

Windemere Selling

MARCH 14, 2022

When selling your home, a buyer may make their offer with contingencies attached. Here are some common contingencies you might see in a buyer’s offer and what they mean for you. As a seller, it’s important to be transparent in listing any issues with the home.

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Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

Realty Biz

AUGUST 22, 2022

In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency. Getting out of the signed contract and having your earnest money returned to you is typically only possible if the contingencies are not met.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 96

Realty Biz

NOVEMBER 11, 2020

They will also get their earnest money deposit back , and the home will go back on the market. The home could be subject to a few different types of contingency. Let’s have a look at the most common types of contingency you are likely to see. Home Inspection Contingency. Home Sale Contingency.

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Backup offer Sales Home sale contingency Earnest money deposit 110

Real Trends

DECEMBER 27, 2022

Whatever side you are on, being aware of inspection issues and how to work with them will be paramount in increasing your close rate. Before a mortgage is approved, lenders will have a property appraisal. This ensures that the value of the deal is in sync with the sale price. Home sale contingency.

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Sales Home sale contingency Pre-approval Inspection 60

Windemere Buying

AUGUST 31, 2022

Common Real Estate Contingencies. Home Inspection Contingency. After you’ve made an offer, you’ll have a home inspector thoroughly examine the home before the deal is final. Financing Contingency. Home Sale Contingency. Image Source: Getty Images – Image Credit: andresr.

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Home sale contingency Inspection contingency Title Pre-approval 52

HomeLight

NOVEMBER 9, 2021

How it might take 12-75 days to sell your home. A traditional home sale in which a seller lists with an agent and a buyer finances with a mortgage takes approximately 18-30 days to go under contract, plus an additional 30-45 days to closing. Most buyers get an inspection, which may initiate repairs or re-negotiations.

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Purchase and sale agreement Home sale contingency Title search Inspection 86