Closing Days on market Inspection contingency 
HomeLight
JUNE 9, 2023
.” 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. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met.
HomeLight
AUGUST 25, 2020
home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. That’s 70 days — or a little over two months — from listing to closing. In fact, 24 days from list to offer is pretty swift, historically speaking. Condition of the home.
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HomeLight
SEPTEMBER 22, 2020
You’ve got an incredible opportunity to make the most of this deal, if only you can avoid tripping up before closing. The “best” component refers to all the other terms included in a contract that can be tweaked to sweeten the deal — such as waived contingencies , putting down more cash upfront , or offering a more flexible closing date.
HomeLight
NOVEMBER 9, 2021
For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. What do days on market mean?
HomeLight
APRIL 21, 2022
According to a 2021 National Association of Realtors® survey, financing difficulties were responsible for 29% of closing delays and 10% of terminated contracts. If you accept it, your sale can close in as few as 10 days, often concluding with a moving date of your choosing. Does the offer meet your primary selling objective?
HomeLight
JANUARY 3, 2023
Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Average days on market : 46 (November 2022). Median home sales price: $545,000 (November 2022).
HomeLight
JANUARY 27, 2021
Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. They’ll have specialized market information that others won’t. Don’t forget to budget for closing costs.
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