HomeLight
JANUARY 31, 2024
You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean? In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met.
HomeLight
AUGUST 31, 2021
Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender. Updated August 31, 2021. Source: (Mike / Pexels.com).
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HomeLight
JANUARY 13, 2022
These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common types of contingencies.
HomeLight
NOVEMBER 29, 2021
According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).
HomeLight
MARCH 23, 2022
Speaking of contingencies, Peterson says the fewer, the better. If you must include contingencies, such as a loan contingency or appraisal contingency to secure a mortgage, try to include as few as possible. Sellers are really looking at how much cash the buyer is coming in with.”.
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