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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

Title contingency Before closing, a title company pulls public records and other details to guarantee that no one else can stake a claim on the property you’re trying to sell. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours.

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13 of the Top House Buying Companies in 2022

HomeLight

Not all sellers have the time or budget for hefty renovations necessary for a proper listing, and that’s OK. Generally trade-in companies will offer to buy your current home, freeing up your funds to buy a new home and removing the need for a home sale contingency. Orchard Move First. Local investors.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

When a buyer adds contingencies to a real estate contract, the risk of a delayed or cancelled settlement increases. A cash buyer will generally not use a financing, appraisal, or home sale contingency , and many cash buyers will inspect the property for informational purposes only.

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

A couple in Atlanta is ready to sell their charming and recently renovated three bed, two bath brick two-story home. They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. Some companies that offer home trade-in programs include HomeLight , Knock , Opendoor and Orchard.

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