Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Contingent Statuses. Short Sale.

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

HomeLight

FEBRUARY 26, 2021

These are all items that you may see listed for sale “as is” on sites like Facebook Marketplace or Craigslist. So how do “as is” sales in furniture and retail translate to “as is” sales in real estate? In fact, 95% of purchased homes undergo an inspection before closing. Simplifying the sale while remaining flexible.

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HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 115

HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Closing Backup offer Sales Inspection 105

HomeLight

MARCH 2, 2022

After all, it’s your house that’s being inspected, and it will be up to you to either make the repairs, offer credits or concessions, or refuse and potentially lose the sale. But in reality, the process is much more nuanced and “passing the inspection” is a relative term that depends on individual home inspectors, buyers, and sellers.

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Inspection Purchase and sale agreement Inspection contingency Agents 145

HomeLight

OCTOBER 20, 2022

For Sale By Owner (FSBO). Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Original sales contract. Contact your lender to get this document to help calculate net proceeds from the sale of your home.

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Purchase and sale agreement Pre-approval Inspection Title 111

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection Inspection contingency Title 115

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

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Purchase and sale agreement Inspection Inspection contingency Title 110

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title Inspection contingency 102

HomeLight

MARCH 24, 2022

To get the widest access to homes available for sale, you’ll need to be able to tap into the multiple listing service (MLS). Because you won’t have an agent retrieving search results on your behalf from the MLS, you will have to limit your search to less-vetted sites. Consider including an inspection contingency in your offer.

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Inspection Title Purchase and sale agreement MLS 111

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. A seller also may sell a home as-is at full market value, even if the repairs are minor, if they’re underwater on their mortgage, or if it is a short sale.

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As-is Agents Purchase and sale agreement Inspection 98

HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

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Purchase and sale agreement Home sale contingency Title search Inspection 105

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).

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Purchase and sale agreement Inspection MLS Agents 98

HomeLight

AUGUST 30, 2021

Importantly, know the difference between a lease option (which only obligates the seller to offer to sell you the house when the time comes) and a lease purchase agreement (which obligates both parties to the sale — so yes, that requires you to go through with it, too). To that end… Step 5: Order the inspection.

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Purchase and sale agreement Inspection Inspection contingency Closing costs 115

HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Bank-owned property sales work a little differently and can often take a bit longer.

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HomeLight

MARCH 23, 2021

For the sellers, they help decide the list pricing, get the listing on the MLS database, and market the house to potential buyers. Certified Residential Specialist (CRS) – Agents trained and knowledgeable in residential sales and how to get the most out of a home purchase. Is a broker the same as an agent?

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HomeLight

DECEMBER 29, 2023

Typically, the reasons are like an estate sale where they’ve inherited the property, and they don’t have the funds or the inclination to prepare the property for the market. It’s a seller’s market, and they strongly prefer an “as is” sale,” she adds. Either that or it’s not a distressed property.

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As-is Inspection Finance Loans 110

HomeLight

AUGUST 24, 2022

According to Todd Auslander , who completes 27% more sales than the average Stamford, Connecticut agent, selling a house ‘as is’ in Connecticut is mostly done when the owner inherits the house, lives out of state, or the house is in really bad condition. Median sales price in Connecticut. MLS has field to mark a listing “as is”?

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Marco Santarelli

AUGUST 2, 2020

Our main focus would be on the last month's housing prices and sales statistics in NYC. The median sales price in the NYC hit $718,000 in June for the highest figure year-to-date. Residential sales in NYC were reported to be down by 25% as compared to last year. The median home sale price in Manhattan was $1M.

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Marketing Sales Pre-approval As-is 142

The Close

SEPTEMBER 26, 2024

Deadline tracking: Monitor and communicate critical inspections, contingencies, and closing deadlines. Coordination tasks: Schedule inspections, appraisals, and viewings; facilitate communication among all parties. It offers extensive MLS and CRM integrations, customizable templates, and built-in e-signature functionality.

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Brokerage Inspection contingency Industrial Land 98

HomeLight

JULY 29, 2022

Appraisers use local multiple listing services (MLS) to evaluate this, among other resources. If the seller accepts, this is when you as the buyer sign the purchase contract to solidify the details of the sale. Evaluation of the comparable sales that were used to determine value. Information about the neighborhood.

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Purchase and sale agreement Earnest money deposit Inspection Loans 105

Redfin

AUGUST 4, 2021

A listing agent handles the sale of the house for the seller. Your listing agent also writes the listing description, creates the sales brochures, places the “For Sale” sign in front of the house, and markets the property through both online and offline channels. Closing the sale. What does a listing (seller’s) agent do?

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Agents Purchase and sale agreement Inspection contingency Title 74

Redfin

AUGUST 29, 2024

Search homes for sale and take home tours The next step when buying a house is to start browsing homes for sale in your area. That way, you’ll be able to narrow down your search to the specific price range, style of home, location and neighborhood, and other amenities when searching for homes on the MLS.

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Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

The Close

FEBRUARY 6, 2024

Waive the Inspection Contingency Let me be clear—I am in no way suggesting that your buyers should not do a whole home inspection. So, my broker coached her clients, the buyers, to keep their backyard renovations to themselves so as not to spook the sellers from completing the sale. In fact, I suggest quite the opposite.

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Pre-approval Earnest money deposit Inspection contingency Inspection 76

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Does Contingent Status Mean in Real Estate? These sale status include some of the ones we all know, such as “for sale” and “sold.”

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52

HomeLight

FEBRUARY 28, 2021

Soccer fans can cheer on MLS teams Real Salt Lake and Utah Royals FC at the Rio Tinto Stadium in Sandy, and Salt Lake City is also home to The Utah Warriors professional rugby team. Brown notes that in the age of COVID-19, some people are removing the due diligence period and will buy a house as is, without an inspection.

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Marketing Inspection Inspection contingency Due diligence 75

HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

Purchase and sale agreement 111

Purchase and sale agreement Natural hazards disclosure Inspection Title 111

HomeLight

MAY 28, 2021

You’re scrolling through your MLS listings , and there’s a shockingly affordable new property available. An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. In some as-is home sales, you might see a “where-is” specification added in. As-is, where-is.

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HomeLight

AUGUST 12, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in California. MLS has field to mark a listing “as is”? As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer.

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As-is Purchase and sale agreement Natural hazards disclosure Closing costs 111

HomeLight

DECEMBER 23, 2021

Get started with our Simple Sale platform and a no-obligation offer. Similarly, because homeowners insurance for a home that’s not up to code may cost more, that too may become a point of leverage that allows the buyer to negotiate a reduced sales price on your home. Your agent can advise if an “as is” sale is right for you.

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