1. An appraisal contingency is a clause in a real estate contract that allows the buyer to back out of the deal if the property’s appraised value is lower than the agreed-upon purchase price. 2. Home buyers commonly use it to protect themselves from overpaying for a property. 3. The ...
a.To enlist (persons) in military service. b.To strengthen or raise (an armed force) by enlistment. 2.To hire or enroll, or seek to hire or enroll (new employees, members, or students). 3.To renew or restore (health or vitality, for example). ...
"Contingent" and "pending" are terms that often appear on real estate listings, indicating the property's current phase of transaction. Contingent means that the seller has accepted an offer, and the property is under contract—but some of the buyer's conditions, or contingencies, need to be ...
The deposit amount ranges from 1% to 5% of the sale price. It is often presented in the form of acheque. The funds are first held in an escrow account or by the real estate agent until the seller accepts the offer. In case the buyer is unable to complete the purchase, the money is...
“It’s an opt-out for the buyer who’s financing,” explains Susanna Haynie, a real estate broker in Colorado Springs, Colorado. “If the home is not worth the price the buyer has agreed to pay, it can impact how much the lender is willing to lend and possibly the ability of the ...
Some lawyers may allow contingency fees in the following legal areas: Wage andemployment law issues Large debt collection It is very rare for an attorney to accept contingency fees in the following areas: Real estate transactions Business litigation ...
The group means of such data are the group proportions. For large samples, the central-limit theorem may be used to adopt either the Tukey- Kramer or the Dunnett multiple comparison procedure. For example, Dunnett's procedure is evaluated in Chuang-Stein and Tong (1995) who conclude that it...
Never go with the first lawyer you see in the phone book when you need one. It is critically important to check out your choices to make certain you are getting the best. The lawyer I hired, who was recommended by my personal real estate broker when I bough my first house, got her ...