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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What is a Contingent House Listing?


When searching for the ideal home, expect to encounter a few issues along the way, such as homes listed as contingent. But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer.

The Top 9 Contingencies to Consider in Your Offer When Buying a Home


If you’re a first-time homebuyer , buying a home is an exciting time in your life — not to mention a little anxiety-inducing. But after touring dozens of homes and finally finding “the house,” you’re ready to make an offer. 1) Home inspection contingency.

The Most Common Home Buying Real Estate Contingencies

Realty Biz

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. Home Buying Contingencies Explained.

Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.”

Opendoor says it will help buyers make cash offers

Realty Biz

iBuying company Opendoor is responding to a slump in its business by helping customers who need to secure financing to buy a home make cash-backed offers that can improve the chances of their bid on a home being accepted.

How Long Should the Contingency Timeframes in a Purchase Contract Be?

RIS Media

A standard home purchase agreement typically includes contingencies. If the contingency terms are not met, the contract is no longer enforceable and one party may even back out of the deal. Types of Contingencies . Contingency Timeframes May Vary.

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.

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.

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? ?.

Third Time’s The Charm: I Bought a House in Phoenix During Coronavirus


Back in January 2020, married couple Mindy and Alicia decided to upgrade from their Phoenix, Arizona, starter home to find their dream home – that is, until the coronavirus threw their plans for a loop. According to November 2020 market statistics, Phoenix home sales are up 27.4%

Multiple Offers on Your Home? 14 Concerns You Must Address with Your Realtor

First Team Real Estate

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. Having several offers on your home is fantastic, however, how do you guarantee you pick the very best deal and don’t miss out on an even better one? Contingencies?

3 Big Reasons Your Home Offer Was Rejected—and How To Play It Right Next Time


Natee Meepian/Getty Images For first-time home buyers, finding the perfect place to settle down is hard enough. Having your home offer rejected doesn’t have to mean it’s back to renting. 3 common reasons sellers reject home offers.

Sheltered Home Shopping: I Bought a House in Tampa During Coronavirus


When Crystal and Anthony Rivera decided to upgrade their Tampa home this past summer, they knew it would be a challenge. The couple would have to tackle both selling their current home and buying a new one — all during the coronavirus pandemic. Home prices are up.

Making the Perfect Offer on the Perfect House: How One San Jose Couple Traded In


Initially, the plan had been to remodel and expand their home in San Jose, California, but when the coronavirus pandemic turned daily life upside down — and suddenly there were six people at home, all day, every day — the Tripps started to reconsider.

Buying in the City (When Everyone Else is Leaving For the Suburbs!)


Social distancing and stay-at-home directives have been the theme song of 2020, leading more and more urban dwellers to exit densely-populated city locations in favor of suburban residences. The features that make a home desirable in the suburbs don’t necessarily translate to the city.

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.