Contingencies are helpful because they are a form of security for both parties. Buyers can make sure the house has no underlying or outstanding issues, and the&seller can&rest assured&that the&desired sale terms will be fulfilled. If you are thinking of selling or buying real estate, here ...
If the home is already on the market: If not, this is usually a red flag because it indicates the potential buyer is just thinking about buying and selling at this point. If it's listed at the correct price: A real estate agent can prepare comparables to make sure the house is price...
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and why they are so important toyouas the seller. Remember, buying and selling a house are two sides of the same coin and everything that happens in a real estate agreement is NOT equally applied. Contingencies
Let’s zoom out and look at the broader home buying process and how the mortgage contingency ties into it. While this process can vary from one buyer to the next, it usually looks something like this: Making an offer:The buyer submits an offer to purchase a home, which includes the pro...
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