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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. 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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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

This means, using the conventional process, you can generally sell your home in as little as 48-75 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. In fact, the mortgage process is the most common culprit for slowing down the sale.

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What You Need to Know If You’re Buying a Home from the Owner

HomeLight

This is the first step to buying a FSBO home — or any home — because this will give you a good idea of what your budget is. At this stage, you’ll want to shop around and get preapproved by at least two different lenders to compare interest rates , closing costs , and terms. Appraisal contingency. Financing contingency.

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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

Save money on closing costs and other fees: Although you’ll probably give a discount by selling to a cash buyer, you’ll save on various costs that cut into your profit with a traditional sale such as real estate agent commission of 5% to 6%. to 3% of the sale price in Orlando. An investor is simply there to make a return on investment.

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