When you like a home with this contingent listing type, you can contact your real estate agent to place an offer. If your offer is attractive to the seller, they might consider moving forward with you. It will mean that the first buyer will be forced to give up their contingencies and m...
When you’re ready tomake an offer, yourreal estate agentwill likely show you the sale history of properties nearby to help determine the home's approximate value compared to the rest of the market. “I like to look at the last six months of houses that have sold in the same ...
Contingent vs. Pending: What This Means in Real Estate A contingent sale means the buyer and seller are waiting for specific conditions to be met before they finalize the sale, while a pending sale has met those conditions and is being processed. ...
Real estate used to be a craft and it could be explained by the top 5% or the bottom 95%. Today over 87% of all real estate agents wash out within 5 years. To make matters worse, over 72% of all sellers just pick the first real estate agent that they talk to. They dont start ...
FAQ: What Does ‘Under Contract’ Mean in Real Estate? Here are the answers to frequently asked questions about homes under contract. How do you beat a contingent offer? Neither a buyer nor a seller can back out of a home purchase contract without just cause, so even the best backup offe...
Understanding Bridge Loans for Real Estate A bridge loan is a short-term solution. It bridges the gap between buying a new home and selling your existing one. This loan type lets you make a non-contingent offer, strengthening your position in competitive real estate markets. Why Consider a Br...
Related: How Real Estate Agents Are Using AI Right Now How Fast Can You Close on a House? On average, the closing process can take anywhere from 30 to 45 days from offer acceptance to the final closing date, says Shelly Cofini, chief strategy officer of real estate marketplace Redy....
Offer expiration date Most purchase agreements are contingent on which two items? Contingency clauses are common in real estate transactions, for good reason. Purchase agreement contingencies are conditions that must be met in order for a real estate contract to become binding. These conditions help...
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you are one of them. This means you have to take out amortgage. But before you draw up your purchase offer, make sure you research the interest rate environment, and how it impacts your existing debt and credit score. Your purchase offer should only be contingent upon obtaining financing at...