Web197 Likes, 7 Comments - Katrina Campins, Real Estate (@katrinacampins) on Instagram: "When it comes to buying a house, you’re looking for the perfect place to call home. The problem..." Katrina Campins, Real Estate on Instagram: "When it comes to buying a house, you’re looking for the perfect place to call home. In real estate, when a house is listed as contingent, it means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met. For instance, if a seller offers a certain price and you, as the buyer, say the price is fine (provided the home inspection comes back clean), … See more The home inspectioncontingency allows a home inspector to assess the condition of the home, checking out all the aspects of it that might not be … See more A mortgage contingency gives the buyer a specific period of time to secure financing. The good news is that this is a financing contingency that can be mostly handled by doing some due … See more Many buyers have been fooled by this tricky piece of paper. The home’s title reveals who owns the house and who has owned it all along the way. However, sometimes homes don’t have “clean titles.” They might have … See more The appraisal contingency comes into play most often when you’re taking out a mortgage. The seller might be asking for a wild sum, and you might be all too happy to pay it, given the values in the neighborhood. But … See more
Contingent in Real Estate: A Double-Edged Sword - Houzeo Blog
WebJan 18, 2024 · Contingencies are clauses in a home purchase contract that allow the buyer or seller to back out of a deal without penalty if certain conditions are met. Think of them as deal breakers. Most contingencies protect buyers' earnest money deposits if they hit a hurdle, though a few contingencies protect sellers' interests. WebApr 21, 2024 · What Is a Contingent Offer? A contingent offer on a home includes a clause that protects the buyer and makes it easier to back out of the deal without financial penalty in certain circumstances. local news baldwinsville ny
Dallas Real Estate Agent on Instagram: "Real estate can be …
WebJun 30, 2024 · "Contingency clause" and "contingent listing" are common terms in the real estate world, but they're not synonymous. Contingencies are contract clauses that … WebAug 7, 2024 · Common real estate status user and listing varying: Active. This means the a property is currently on the mark real available for sold. It may have received offers, but none will yet been accepted, which means that the opportunity is vast candid with you to make a proposal. Closed (CL) The property is sold and no longer free. WebMar 31, 2024 · The term “contingent” in real estate means that the sale of a property is not yet complete but is pending on certain conditions. As a result, even if both parties agree … indian first woman doctor