Buyers can draft real estate contingencies for almost anything that would make them not want to buy the home. This includes the functionality of the home systems or aesthetic repairs. Cons of a contingent offer In competitive markets where sellers can choose from multiple high-priced offers, tho...
Real estate jargon often relates to financial decisions, so it’s worth familiarizing yourself with the most important terms.
“The first call I make when someone’s interested in a home is to reach the other agent – the listing agent – and find out if there’s any other offers that they have in hand, and if so how many,” says Jeff Plotkin, a Texas-licensed real estate agent, attorney, certif...
Hopefully, you now have a much better understanding of what contingent denotes in real estate. About the Author: The above Real Estate information onthe meaning of contingent in real estatewas provided by Bill Gassett, a Nationally recognized leader in his field. Bill has expertise in mortgages,...
7 Real Estate Buying Contingencies Explained Understanding Contingencies and how they affect the Offer The Offer to Buy Your House is Contingent on the Sale of Their House Although these types of offers are more common than you would think, a contingency based on the sale off a house is rarely...
The internet based real estate brokerage company, Redfin, is now arming buyers and sellers with insight into the negotiations that take place when the firm’s clients submit winning — and losing — offers to buy a home. On its heavily trafficked website, the Seattle-based brokerage is now ...
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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. ...
Sellers and real estate agents prefer non-contingent offers. A competitive offer with a quick closing is more appealing than one tied to a home sale. Bridge loans create a cash-like advantage. They streamline the closing process and alleviate financing concerns. This quick close and certainty mak...
Your real estate agent will be able to mark the home in MLS as apending salevs.contingent sale status. The Disadvantages of Accepting Cash Offers Cash offers tend to have a lower price than lender-financed offers; because of the advantages, buyers frequently offer less. ...