HomeLight
JANUARY 12, 2024
If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?
RIS Media
SEPTEMBER 2, 2021
Power Buyers solve this for sellers by helping them buy without a loan contingency before they sell. of market value during the first half of the year. Anecdotal reports from brokers across the country confirm that iBuyers are often making offers above prices expected on the open market. in 2020 to 5.1%
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Realtor.com
NOVEMBER 28, 2022
Getty Images (3) Buying a house while simultaneously selling your current home is always a treacherous tight wire to traverse—but in today’s high-priced, high-interest-rate housing market, it’s both a blessing and a curse. How disruptive will it be to have the home I live in on the market?
RIS Media
JULY 30, 2021
Record-low inventory in markets across the U.S. Stefan Peterson, zavvie chief data officer and co-founder, explains the impact on the typical consumer: “A Denver buyer with a traditional mortgage and a loan contingency had to make offers on an average of seven homes before winning the day.” versus 7.2% in 2020. .
RIS Media
APRIL 11, 2022
According to our latest zavvie Seller Preferences Report, iBuyers rebounded last year, increasing business fivefold year-over-year during an historic seller’s market. Despite a major iBuyer exiting the market (Zillow), Opendoor, Offerpad and RedfinNow significantly increased their purchasing activity.
HomeLight
APRIL 25, 2022
And then there are the challenges of trying to make a sales-contingent offer on a new home in a bustling seller’s market. This removes the sales contingency and frees up cash for clients to find their perfect new home and quickly submit an ultra-competitive offer — no contingencies necessary. Source: ( Peter Abdelmesseh.
RIS Media
FEBRUARY 28, 2022
Market conditions from October through December, along with record-low inventory, presented a challenge for iBuyers, whose value proposition is speed, certainty and convenience to home sellers. national market share, compared with about 14,000 in 2020, when the pandemic temporarily paused iBuying—a 5x increase. million.
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