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 ...
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.
A seller, for instance, may want additional time to move out. » MORE: What to know about waiving a home inspection Mortgage contingency Unless you're buying a home with cash, this contingency is necessary even if you’re preapproved for a mortgage. Preapproval is important, but it's ...
When a Buyer Is Selling Their Home If a buyer needs to sell their home to get the funding needed to complete this purchase, they might use a home sale contingency. This could allow them to delay or terminate the purchase agreement if they cannot find a buyer for their home. Common Conti...
Financing:A financing contingency clause typically means that the offer is contingent on the buyer obtaining a mortgage or financing for buying a home. This may be in place to help protect the buyer from being on the hook for ahome they cannot affordor are unable to find the desired financing...
order for a real estate contract to become binding (as aforementioned, with a home sale contingency in place, the transaction is dependent upon the sale of the buyer’s home). The contingency becomes part of a binding sales contract when both parties agree to the terms and sign the contract...
We tested the model’s possible multicollinearity by calculating the correlations between the variables that probably had a high correlation, i.e., BIKEWALK (walks or cycles to the park) and TRAVCOST (travel costs from home to the park), as well as between income and education. As Kendall...
A seller, for instance, may want additional time to move out. » MORE: What to know about waiving a home inspection Mortgage contingency Unless you're buying a home with cash, this contingency is necessary even if you’re preapproved for a mortgage. Preapproval is important, but it's ...
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...
Thus, a critical question for the CFS policy remains: what CFS threshold should be set by an online retailer when demand surges in a short time during large-scale promotions? In this paper, we present a new CFS policy with delayed delivery (DD-CFS) for online retailers during large-scale ...