A short sale is when the home is sold for less money than what is owed on the mortgage. Typically short sales are initiated by the bank or mortgage company and can take months to complete. “Contingent – short sale” means that an offer has been accepted and is in the process of a ...
the seller may entertain backup offers. It is possible for the first deal to fall through and for the backup buyer to end up buying the home. Your real estate agent may have some insight into the current deal to help you decide if it’s worth looking at a specific listing. ...
BUYING 101; Contingent offers can help temper emotion with caution in home purchase.(HOMES)Gendler, Neal
To Sellers:the main risk is that there is no guarantee that the home will sell. Before agreeing to a contingency, a seller may want to do their due diligence, for instance: is the home already for sale, is the list price attractive, what’s the sales time for homes in the neighborhood...
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Commercial services, drinking refreshments and coffee in a café, or buying ice cream or candy at a kiosk are typically private goods, for example. One might therefore argue that the experience of a recreational visitor in an urban park is a composite good (Downward et al., 2009) consisting...
After all, the process of buying and selling a home doesn’t happen overnight. When you factor in tasks like securing financing, getting a home appraisal and conducting the title search, it can take weeks for a buyer’s needs — called “contingencies” — to be met. After these contingen...
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Making a contingent offer to buy a home protects your interests, but including too many stipulations makes it harder to win a bidding war.
buying tickets, purchasing a consumer good or service, or otherwise acquiring a benefit, wherein the rights may be contingent upon a future occurrence or determination, such as aggregation of sufficient demand for the future item, or the like (in some cases referred to herein as “forward right...