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What Does Contingent Mean in Real Estate Sales

Realty Biz

Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. It is not uncommon for a home to go from being market “contingent” to “back on the market” because of some issues discovered from the home inspection. Home Sale Contingency. These appraisal tips will help.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

While financing may be pre-approved, the process is complex. Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. You’ll want to make a backup offer to put yourself in the game.

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What to Do Before Offering on a Home

RIS Media

Buyers are waiving a home inspection. Buyers are waiving their home appraisal or offering an appraisal gap guarantee. Getting rid of the mortgage financing clause in their offer. It may make sense to put in a backup offer when you’re not the winning bidder. Get pre-approved for a mortgage.

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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?

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How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. While taking on a renovation project can be an investment of time and money, it also offers the chance to personalize the space to your taste and potentially increase its home value over time.

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Buyers Paying Over Asking Price? Get an Appraisal Gap Guarantee

HomeLight

This is the time when the inspection, any agreed upon repairs, and the appraisal take place. When the home is under contract, the seller and the seller’s agent aren’t usually showing the home or accepting additional offers. What happens if the home sale falls through? This works in the seller’s interest.

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How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. While taking on a renovation project can be an investment of time and money, it also offers the chance to personalize the space to your taste and potentially increase its home value over time.