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It’s no longer a frenzy, but the Bergen County housing market is still hot

Housing Wire

We are seeing some price drops start to happen and a little bit longer days on market.” Fontantella isn’t the only one seeing slower market conditions in Bergen County. The Altos Research Market Action Index score for the county has dropped from a 90-day average of 54.63 in early May to 47.88 as of Sept.

Marketing 427
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What Does Contingent Mean in Real Estate?

HomeLight

average % of contracts with a financing contingency: 80% Home sale contingency Home sale contingency means a buyer’s purchase of your house is contingent on their own house selling. Learn More Should I accept an offer with a home sale contingency?

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10 Signs Your Real Estate Market Is Shifting

Realty Biz

In a hot seller’s market homes sell in an instant. It is not unusual for a home to be on the market less than a week. When a market transitions from a seller’s to buyer’s market, the days on market will go up significantly. More Offers With Home Sale Contingencies.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? What do days on market mean? Direct Buyer (Simple Sale).

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Power buyer Ribbon sets up shop in Virginia

Real Trends

As a power buyer, Ribbon works by buying homes for buyers regardless of where the buyer is in the mortgage process. Ribbon also says they will waive mortgage, appraisal, and home sale contingencies. The average sales price for a single-family home in Virginia rose 13.7%

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‘Real Housewives’ Star Teresa Giudice’s Home Sale Falls Through: What Went Wrong?

Realtor.com

.” Will the home price take another $250,000 dip if it fails to sell? Granted, there are some circumstances where a home sale might warrant a more extended closing. “And if the buyer of their home fell through, or they weren’t able to get one in the time frame, that would explain why this is back on the market.”

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Should I Sell or Keep My Paid-Off House?

HomeLight

. “The condo was paid off, so one benefit of that is you can go ahead and buy your next property and you don’t have to have a home sale contingency, which is very important in this market,” Ramey explains. Plus, it’ll mean more money in your pocket from the sale. Find a local agent now.