For example: If the appraised value of the property is lower than the purchase price, then I can ask for a lower price or get out of the contract. » MORE: Tips for first-time home buyers When working with your agent to write the offer, you'll have to decide which contingencies to...
Certainly, home sale contingencies can protect buyers during real estate transactions, but if a seller’s home has been on the market for an extended period of time, they may find a contingent offer to be an attractive option. Sellers also can protect themselves from contingent offers that...
A contingent offer can help protect you when you make an offer on a house. Learn what a contingent offer is and how it works, types of contingencies, and more.
it means that the house is under contract; that is, the seller has accepted the buyer’s offer to purchase the home, but there are still items to work
The time to communicate may vary depending on your offer. If you do not communicate your lack of financing in time, you may still be liable for the home purchase. Title issues. Before closing, the buyer should request a title inspection. If there are any liens or claims t...
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time to sell their property. This way, buyers can avoid owning two homes and holding two mortgages at one time while waiting for their own home to sell. A home sale contingency can allow the buyer to sell their property with peace of mind knowing their next purchase is already in motion....
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While both contingent and pending mean that the seller has accepted an offer, neither necessarily means an offer you make would be left out in the cold. Let’s explore what contingent vs. pending means for your homebuying journey and how you still might be able to purchase the home you’...