Realtors often assume that consumers have a firm grasp of all the real estate terms we do, but that is rarely the case. A home buyer or seller often will have no idea of the meaning of contingent. It would not be unusual to see a listing status you are unfamiliar with in a listing ...
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...
When a property is active, real estate agents market it through various channels such as online listings, print advertisements, open houses, and their networks. The listing typically includes essential details about the property. For example, its location, size, features, and price are prominently ...
Barbara Marquand is a former NerdWallet writer covering mortgages, homebuying and homeownership. See full bio. On a similar note... How to Make an Offer on a House in 7 Steps How to Make a Contingent Offer to Buy a Home What Does a Real Estate Agent Do? 4 Steps to Sell Your House ...
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 ...
“A forever home is one you intend to stay in for decades, whereas a starter home is often viewed as a stepping stone on your real estate journey,” Jordan says. Is it Worth Getting a Starter Home? Prospective first-time buyers face some tough decisions. Should you buy a starter home ...
Contingenciesin a real estate contract allow either one of the parties to back out of the deal if certain specified conditions are not met. This could include a home inspection that reveals serious problems with the home or the purchase being contingent upon the buyer securing financing (see abo...
(a) What role does a real estate agent play in the purchase of a house? (b) What is the benefit of the Multiple Listing Service? (c) How is the real estate agent compensated, and by whom? What type of tax is imposed on the value of an individual's property at the time of his...
your financial situation and loan type. For instance, if you haveFFEL loans, your best option to avoid consolidation is to go for the Income-Based Repayment Plan. If you’re a parent who took out a loan for your child’s education, your only option is the Income-Contingent Repayment ...
Generally, holding deposits are refundable, but this is contingent upon the specific holding deposit agreement and state laws. While many states lack clear policies regarding holding deposits, those that do typically mandate landlords to refund them. ...