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.
Home sale contingency: The offer is contingent upon the successful sale and settlement of the buyer’s current home. While there is no set time limit for how long you or the seller have to respond to negotiations, common courtesy dictates a response within one to three days. 2. Comple...
The next generation of homebuyers won’t jump through too many hoops to own these homes. Rebecca BlackerDec. 30, 2024 Your Guide to Making a Contingent Offer There are many reasons for buyers to make contingent offers on a home, so it's important to understand what each common type entai...
If you sell your house quickly, you may have to accept a contingent offer. This means that the buyer’s offer is contingent on something, such as the sale of their home. Conclusion: Selling your home quickly has its pros and cons, but ultimately it is a decision that should be made ba...
Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. Your real estate agent might be able to help you arrange having this inspection conducted within a few days of your offer being accepted by th...
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Still, there are situations when a seller might consider a contingent offer. One is when your agent can explain to the seller’s agent that your current home will likelysell quickly. In that case, the seller may take a chance and accept your offer. ...
compare the costs of selling to opendoor versus a traditional home sale. step 2: determine your asking price pricing your home requires a balance between personal expectations and market conditions. how you price your home can mean the difference between an offer and weeks or even months on the...
If the offer is contingent on a satisfactory home inspection, issues that pop up can trigger some back-and-forth and may require additional repairs. Contingencies are market-driven factors. Generally, the higher the housing demand, the fewer conditions are placed on a sale. In an especially ...
An inspection contingency.The offer is contingent on the buyer being satisfied with the results of a professional home inspection. If the inspection finds the home has problems that make it unsafe or are expensive to fix, then the buyer can back out of the sale or renegotiate terms with the...