HomeLight

JUNE 9, 2023

But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” ” So, what does contingent mean in real estate? A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet.

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HomeLight

JANUARY 31, 2024

Contingent listings can be puzzling and sometimes frustrating — especially when you’re searching for your dream home. In this post, we’ll unpack real estate contingencies, clarify the difference between contingent vs. pending, and explain how long a house might remain labeled as contingent. Why Move Twice?

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Point2Homes

DECEMBER 8, 2020

When searching for the ideal home, expect to encounter a few issues along the way, such as homes listed as contingent. But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. How is Contingent Different from Pending?

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HomeLight

JANUARY 19, 2024

The decision to waive the mortgage contingency, while potentially making your offer more appealing, carries a sloshing bucket of risks and considerations. You can then make a strong offer on your next home with no home sale contingency. Learn More What is a mortgage contingency?

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HomeLight

FEBRUARY 20, 2025

As of December 2024, 18% of buyers waived the appraisal contingency , with other buyers waiving, for example, inspection contingencies to likewise make their offers more enticing to sellers. The appraisal contingency is there to protect the buyer in case of any issues surrounding your appraisal. What is a contingency?

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HomeLight

NOVEMBER 29, 2021

But first, you have to sell your old home, potentially secure financing, and secure a home appraisal (and likely an inspection) on your new house. Most purchase agreements have some terms in place that must be met for the deal to go through, such as having a home inspection completed. Do contingencies benefit homebuyers?

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HomeLight

DECEMBER 30, 2023

Searching for a home to buy can be a time of excitement and anxiety. You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” Can you make an offer on a home that’s under contract?

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 119

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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HomeLight

JULY 30, 2024

You can then make a strong offer on your next home with no home sale contingency. If a borrower fails to repay a hard money loan, the lender can foreclose on the property, similar to traditional mortgage practices. HomeLight always encourages you to consult your own advisor. What is a hard money lender?

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HomeLight

DECEMBER 13, 2023

You might think your only choice is to sell your current home, find a temporary place to live, and search for your new house. A bridge loan is a short-term financial tool that “bridges the income gap”, enabling you to purchase your new home before you’ve sold your old one. What is a bridge loan, in simple words?

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HomeLight

DECEMBER 7, 2023

trying to sell your old home while buying a new one? It can be difficult to juggle the timing and financial details when you’re pressed to sell before you can invest in your new home. You can then make a strong offer on your next home with no home sale contingency.

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Realty Biz

JULY 6, 2022

Falling sales prices are a clear indicator that the seller’s market is losing steam. Buyers are no longer willing to stretch to get into a home. The Number of Homes For Sale Rises. One of the defining factors of a seller’s market is low inventory of homes for sale. Homes Take Longer to Sell.

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HomeLight

DECEMBER 13, 2023

You might think your only option is to sell your current home, temporarily relocate, and then begin the hunt for your dream house. A bridge loan is a short-term loan that “bridges the income gap” between selling your existing property and purchasing your next home. What is a bridge loan, in simple words?

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HomeLight

NOVEMBER 29, 2023

For many Idaho homeowners, it might seem like the only path forward is to sell first, move into a temporary location, and then embark on the hunt for a new home. You can then make a strong offer on your next home with no home sale contingency. What is a bridge loan, in simple words?

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HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. You might think your only choice is to sell your current home, move into temporary housing, and hope your future home becomes available without delay.

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HomeLight

SEPTEMBER 10, 2022

Kick-out clauses are often employed when the buyers have to sell their current home first, and the sellers want to continue marketing their home in the meantime. These clauses are most often used when a buyer needs to sell their current home before purchasing a new one. Single Family Homes.

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HomeLight

MARCH 11, 2025

Both meanings can apply to a home. But when its time to sell or borrow, what does it mean if your home appreciates? In this post, well help you gauge the growth of your homes value. When your home appreciates, it means the value of your property increases over time, leading to a larger profit when sold.

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HomeLight

DECEMBER 29, 2023

Selling your old home while looking for a new one in Dallas can be difficult, especially when juggling the complex timing and limited finances. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence.

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HomeLight

JUNE 30, 2024

You can then make a strong offer on your next home with no home sale contingency. Here’s a breakdown of how these loans generally work: Short-term loan: These loans typically have a repayment period of 6–24 months, much shorter than the 15- or 30-year conventional mortgage terms. What is a hard money lender?

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Hard money loan Finance Debt-to-income ratio Home sale contingency 112

HomeLight

JUNE 30, 2024

Hard money loans are a practical alternative to traditional mortgages, suitable for those with short project timelines, limited initial capital, or weaker credit scores. You can then make a strong offer on your next home with no home sale contingency. HomeLight always encourages you to consult your own advisor.

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HomeLight

DECEMBER 14, 2023

Purchasing a home in San Francisco when trying to sell your current one can be a nightmare, especially when trying to sell your current home when purchasing a new one. A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one. What is a bridge loan, in simple words?

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HomeLight

JULY 31, 2024

Hard money loans are best for those needing quick cash without the stringent credit checks of conventional mortgages. Start Making Offers Without Waiting to Sell Your 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.

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RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. An active listing means the home in question is currently on sale, and sellers are actively open to offers.

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HomeLight

MAY 8, 2024

If you’re not a professional investor but looking for a solution to bridge the buy-sell timing gap , we’ll also share an innovative way to tap into your home’s equity, allowing you to buy before you sell. You can then make a strong offer on your next home with no home sale contingency. What is a hard money loan?

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HomeLight

JULY 18, 2024

This article will guide you through the basics of hard money lending in Illinois, helping you decide if this financial tool is appropriate for your real estate investment or home-buying goals. You can then make a strong offer on your next home with no home sale contingency. What is a hard money lender?

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HomeLight

SEPTEMBER 5, 2024

Whether you’re looking to flip homes in the South Wedge or purchase rental properties near Park Avenue, hard money lenders could offer the short-term funding you need to secure a deal fast. You can then make a strong offer on your next home with no home sale contingency. What is a hard money lender?

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HomeLight

AUGUST 27, 2024

Unlike conventional mortgages, these loans offer more flexibility and faster funding, which can be particularly helpful in Albany, where timing is everything. Understanding hard money loans is essential if you’re considering investing in property in Albany or tackling a home renovation project. What is a hard money lender?

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Realty Biz

FEBRUARY 20, 2021

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. These contingencies need to be met for a contract to become ratified and binding.

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Purchase and sale agreement Inspection contingency Earnest money deposit Home sale contingency 137

HomeLight

DECEMBER 15, 2023

Managing the sale of your Austin home while trying to purchase a new one can be difficult. With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. But what if there was a better way to transition from your old home to your new one?

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HomeLight

DECEMBER 7, 2023

Selling your old home while buying a new one in Seattle can be a challenging balancing act, especially regarding timing and finances. This can be even more difficult in a market where inventory is scarce and home prices are rising. You can then make a strong offer on your next home with no home sale contingency.

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

HomeLight

NOVEMBER 30, 2023

Buying and selling homes in Maine often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. As a homeowner, you might feel cornered into selling your current home before you can afford to buy a new one, leading to the hassle of finding temporary housing in the interim.

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HomeLight

JULY 12, 2024

You can then make a strong offer on your next home with no home sale contingency. This ensures that both the buyer and the seller fulfill their respective obligations before the sale is finalized. What’s happening while a home is in escrow? 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

JULY 25, 2024

Start Making Offers Without Waiting to Sell Your 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. What is a hard money lender?

Hard money loan 115

Hard money loan Home sale contingency Loans Investor 115

HomeLight

NOVEMBER 15, 2023

You can then make a strong offer on your next home with no home sale contingency. A bridge loan is a short-term loan that provides you with the necessary funds to buy your new home before you’ve sold your existing one. Often, the lender who is financing your new home will also provide the bridge loan.

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

HomeLight

JULY 15, 2024

You can then make a strong offer on your next home with no home sale contingency. Here’s how these loans work: Short-term loan: Hard money loans usually have a 6 to 24-month repayment period, unlike traditional 30-year mortgages. HomeLight always encourages you to consult your own advisor.

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HomeLight

AUGUST 27, 2024

Whether you’re flipping homes in neighborhoods like Riverside or purchasing investment properties near San Marco, these loans offer quicker funding and more adaptable terms than traditional mortgages. You can then make a strong offer on your next home with no home sale contingency.

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HomeLight

NOVEMBER 6, 2023

If you’re in the midst of selling your Massachusetts home and on the hunt for your next dream property, you know that synchronizing both deals can be a nerve-wracking puzzle. Especially in a market where inventory is scarce and home prices are high, the balancing act can seem daunting. What is a bridge loan?

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