HomeLight

FEBRUARY 20, 2025

Youve just found your dream home and are finalizing your offer when your real estate agent calls with concerning news. To sweeten your offer, you may be considering waiving the appraisal contingency, promising not to walk away from the deal if the appraisal comes in below your offer price. What is a contingency?

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HomeLight

JUNE 9, 2023

So in this context, “contingent” is a bit like saying, “Hold on, we’re working things out!” ” Step one: Talk to a few buyer's agents! Get Started Are contingencies common in real estate? “All What are the most common contingencies? Can I negotiate a contingent offer?

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Realty Biz

JULY 6, 2022

Real Estate agents need to be proactive and set proper expectations with the seller clients. A real estate agent should always be cognizant about over promising and under delivering. The Original List Price to Sale Price Ratio Will Drop. As homes stay on the market, the list price to sale price ratio can drop even further.

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HomeLight

NOVEMBER 29, 2021

These are called contingencies, and they’re very common in a real estate sales contract. They’re basically in every purchase agreement ,” says Rick Ruiz , a top real estate agent in Las Vegas, Nevada , who completes 15% more sales than the average Las Vegas. However, a buyer can also be protected by contingencies.

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HomeLight

DECEMBER 30, 2023

In this post, we’ll explain terms like “under contract,” “sale pending,” and “active under contract” and how they might impact your home-buying journey. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

JANUARY 31, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean?

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Point2Homes

DECEMBER 8, 2020

Essentially, contingent listings still have contingencies to be fulfilled in order for the sale to go through, so the seller may still be open to other offers. It’s certainly possible that the home could come back on the market and, by getting in touch, you might be able to jump to the front of the line.

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Realty Biz

NOVEMBER 11, 2020

Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. If you are selling a home, there are also some ramifications you should know about as well. How your real estate agent markets your property when an offer has been accepted can have vital implications.

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HomeLight

SEPTEMBER 10, 2022

Understanding the implications of a kick-out clause can make the difference between buying the home you want and being saddled with two mortgages (or not being able to qualify for financing). Real Estate Agent. Real Estate Agent at RE/MAX Accent. Single Family Homes. An inspection contingency. Teresa Cowart.

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The Close

SEPTEMBER 19, 2024

By mastering these techniques and learning from real estate counteroffer examples, agents can ensure that buyers and sellers achieve mutually beneficial agreements. As a real estate agent, your role in guiding clients on counteroffers is crucial. Dear [Buyer's Agent], Thank you for your offer on [Property Address].

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HomeLight

MARCH 18, 2022

If you’re in this situation (or think you will be soon), know you aren’t alone: 51% of all buyers in 2021 owned their previous home , and 53% said finding the right property was the most difficult step of the homebuying process. What is a home sale contingency? How does a home sale contingency work?

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HomeLight

JULY 31, 2022

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. Find a home. You’ve decided it’s time to buy a house !

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HomeLight

SEPTEMBER 16, 2024

With the help of two top-rated real estate agents, we’ve created a 7-factor test to help you decide between multiple offers on your home. Sell Faster and for More Money With a Top Agent HomeLight data shows that the top 5% of real estate agents sell homes faster and for up to 10% more than average agents.

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Redfin

AUGUST 4, 2021

Keeping track of the differences between a listing agent, selling agent, seller’s agent, and even buyer’s agent can be a bit challenging, so learning to quickly recognize what these terms refer to in real estate can help you move forward confidently with buying or selling your home. What is a listing agent?

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HomeLight

AUGUST 23, 2024

If you’re hoping to purchase a home in the near future, you should be aware of a major change to the home-buying process that has altered how homes are purchased and shopped across the country. You can then make a strong offer on your next home with no home sale contingency.

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HomeLight

MARCH 11, 2025

A Top Agent Can Help You Prepare Your Home A top real estate agent can guide you in selecting the right upgrades and repairs so you can get the highest sale proceeds possible. HomeLight’s data shows that the top 5% of agents sell homes for as much as 10% more. Can you use equity to buy before you sell?

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The Close

SEPTEMBER 10, 2020

Listing agents are flying high with attention on their listings. But, of course, buyer’s agents are always frustrated with the amount of work they are putting in, only to get shot down and have to repeat the process over and over again. CALL the Listing Agent. What is the ideal timing they want or need to be out of their home?

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Realtor.com

DECEMBER 3, 2020

Keep in mind that sellers are looking for a good deal just as much as you are, and you should plan on working with your real estate agent to make sure the sellers at least feel like they’re getting one. If you need a certain home sale contingency, for instance, and can’t remove it, then move on,” Parnes says.

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HomeLight

DECEMBER 29, 2023

In this brief guide, we’ll provide an overview of what it means to make a non-contingent offer, its benefits, risks, and when it might be the right strategy for you. Partner With a Top Buyer’s Agent to Guide You HomeLight can connect you with a top-rated local real estate agent familiar with non-contingent offers.

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Realty Biz

FEBRUARY 20, 2021

The meaning of contingent has slight variation differences from state to state, so check with your real estate agent for clarification. Real Estate Contingencies Explained. The mortgage contingency clause will specify how much the buyer is borrowing and when they need to procure their financing.

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RIS Media

MARCH 18, 2022

The partnership aims to help homebuyers in Northern Virginia and Virginia Beach overcome barriers to homeownership by using “All Cash by Weichert Financial, powered by Ribbon”—waiving mortgage, appraisal and home sale contingencies, the company stated.

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Realty Biz

APRIL 20, 2022

Your real estate agent will be able to advise you about this, and it can be added to the offer agreement. Home Sale Contingency. If you need money from selling your own home to buy a new property, a home sale contingency can be added to the offer. Final Thoughts.

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HomeLight

SEPTEMBER 25, 2023

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Learn More What is a real estate Buy Before You Sell program?

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HomeLight

SEPTEMBER 27, 2023

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. You’ve found a new home but don’t want to risk losing it to another buyer.

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HomeLight

JULY 12, 2024

Buying your first home can be exciting, but it can also feel overwhelming at times. You’ll hear your lender and real estate agent use the phrase “house in escrow.” You can then make a strong offer on your next home with no home sale contingency. Get Started What does ‘in escrow’ mean in real estate?

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Purchase and sale agreement Earnest money deposit Home sale contingency Title search 111

HomeLight

DECEMBER 19, 2023

The benefit of buying before selling is peace of mind,” explains Christine Marion, a HomeLight Buy Before You Sell Certified agent who serves on the top-performing Ryan Raymond team in Sarasota, Flordia. With the right program, you can purchase a home before selling by using some of your equity in advance,” she explains.

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HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? Barnes has completed 10% more deals than the average agent in his area. Home sale contingencies. Real Estate Agent.

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RIS Media

APRIL 8, 2022

If the house doesn’t get sold in the stipulated time, the sale can fail to materialize. The clause is referred to as a home sale contingency. . Is there a difference between contingent and pending? In a nutshell, a pending home sale usually no longer has any contingencies to satisfy.

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HomeLight

JANUARY 23, 2024

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

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HomeLight

JULY 6, 2023

With nearly 96% of home buyers using the Internet to search for a new home — and 60% of their search conducted using a mobile phone — your home’s future owner might be just a few keystrokes or taps away. contingent,” so you can present your home accurately and still meet your selling goals. Selling your house soon?

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HomeLight

JUNE 25, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Learn More What is Orchard? You’ll also receive recommendations and assistance with some repairs.

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RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Home Sale Contingencies.

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Realty Biz

JANUARY 21, 2022

Set yourself up for success from the start by hiring a real estate agent who can go the distance for you while you’re at a great distance. Ask potential agents about how they will keep you updated on the listing and sale of your home. Your ideal agent will be your in-person representation throughout the process.

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HomeLight

JULY 31, 2020

While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. Home sale contingency. This is a safeguard for the seller if they find another buyer who is ready to purchase the home. Short sale.

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HomeLight

DECEMBER 6, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 15, 2021

To help decipher them, Mikki Ramey , a top real estate agent in South Carolina, and Richard Helali, a mortgage lending expert with HomeLight Loans , gave us some pointers. A home sale contingency is a clause added to a purchase agreement that makes the sale reliant on you selling your previous home before you can close on the next home.

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HomeLight

JUNE 23, 2022

If a seller terminates the contract outside of these contingencies , they typically must forfeit the buyer’s earnest money and — depending on the circumstances — may even be required to pay additional money damages and face other possible repercussions for breach of contract. Real Estate Agent. Single Family Homes. Kelly Allen.

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