If there is a contingent house or pending house that you simply can’t miss out on, it doesn’t hurt to write a personal plea to the current homeowners. Regardless of the posted status or what the listing agent says, it’s not always possible to know the dynamics of a home sale. If...
Active contingent means the same thing as “contingent.” A seller has accepted a buyer’s offer, and the property is technically off the market. The owner cannot accept a better offer from another buyer unless the original buyer does not proceed with the sale. Agents also refer to this as...
privacy and premier position. You might even say it's like flying private,as a penthouse is often in a class of its own and sells for a higher price-per-foot than other apartments in the same building.”
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. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but...
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House swapping is a new and trendy alternative to exchange one’s home for another. A house swap isn’t for everyone though since it requires a time commitment, additional fees for lawyers, and the possibility of being susceptible to scams. ...
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company ...
Recent sales of similar properties in the area can be a significant factor when determining the value of your house. Key Takeaways: Property value is viewed in different ways and can vary widely. A home’s market value is the estimated value buyers are willing to pay for a...
Anappraisalcan help the bank ensure that they don't lend more than the house is worth. If the property is determined to be of lower value than the negotiated sale, themortgage lenderis not going to loan at the selling price. A low home appraisal could trigger a contingency clause, allowin...
If the sale is contingent on other transactions, a SPA will outline the effects of termination in any sale should the other deal fall through. For example, imagine a real estate developer attempting to purchase two properties side-by-side with the intention of demolishing both to create one bu...