Remove Backup offer Remove Days on market Remove Inspection
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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

As of May 13, the median days on market for single-family properties in Santa Monica with a median price of $1.85 million (the lowest market segment) and a median price of $2.622 million was 35 days and 17 days, respectively. But it isn’t just first-time buyers. They spook easier.

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What Does Contingent Mean in Real Estate?

HomeLight

These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. If I accept an offer with contingencies, what happens to my listing status?