Remove Inspection contingency Remove Lending Remove Staging
article thumbnail

Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. Appraisal Contingencies. What Other MLS Statuses Are There?

article thumbnail

Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

In the meantime, with a “Contingent” status, the seller is typically allowed to continue showing the home and accept backup offers in the event something goes awry. So what are the contract stipulations that put a listing into that “Contingentstage, and how common is it for a property to hang in closing limbo?

MLS 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips for Buying a Foreclosure Property

Point2Homes

If you’re thinking about how to buy a home that’s in foreclosure, be sure to do your research because there are extra stages involved. This should show you how much you can afford to spend on mortgage payments and reveal how much a bank is likely to lend to you. How to Buy Foreclosed Homes.

article thumbnail

How to Sell a House by Owner in Florida (2022 Updates)

HomeLight

Step 3: Declutter, clean, stage, and add curb appeal. You may also want to consider strategically staging your home so that buyers can envision how each space could be used. One survey of Realtors® found that staging can increase the sales price of a home by 1% to 5%, and 31% agree that a staged home sells significantly faster.

article thumbnail

How to Sell a House by Owner in Arizona (2022 Updates)

HomeLight

Step 3: Declutter, clean, stage, and add curb appeal. You may also want to consider strategically staging your home so that buyers can envision how each space could be used. One survey of Realtors® found that staging can increase the sales price of a home by 1% to 5%, and 31% agree that a staged home sells significantly faster.

article thumbnail

What You Need to Know If You’re Buying a Home from the Owner

HomeLight

At this stage, you’ll want to shop around and get preapproved by at least two different lenders to compare interest rates , closing costs , and terms. When you make an offer, be sure to include any contingencies that you want fulfilled. Common contingencies include, but aren’t limited to: Inspection contingency.

article thumbnail

4 Signs That the US Housing Market Has Peaked – and How it Affects You

HomeLight

Predatory lending had surged and homebuyers were lured into mortgages that they were ultimately unable to afford. Sellers should also expect the return of inspection contingencies , which fell by the wayside for much of the last few years. Rewind 16 years and things looked differently. What does this mean for homebuyers?