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What Is a Home Sale Contingency?

HomeLight

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

Home listings have been in short supply for several years now across the U.S., To succeed in getting a seller to consider your offer, you need to work in advance with your real estate agent to assess the best bargaining tools to entice the seller to move your offer to the top of the list. What is a contingency clause?

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What Does Contingent Mean in Real Estate?

HomeLight

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? It’s also true that most real estate contracts, even those with contingencies, end up closing.

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How Long Can a House Be Contingent?

HomeLight

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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Under Contract vs. Pending: A Home Buyer’s Guide to Status Tags

HomeLight

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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What Buyers Need to Know About Contingency Periods (And How Contingency Periods Benefit Them)

HomeLight

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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10 Signs Your Real Estate Market Is Shifting

Realty Biz

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.