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Buying a home as a contingent buyer
 
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Buying a home as a contingent buyer and what that means. There are a few different types of contingencies when buying a home. Selling a home to buy a new home is one of the more difficult contingencies but very doable. Listing a home for sale in order to purchase a new home is more common than most buyers think. For more information contact Cherrie Brown or Zach Mcreynolds at 661-877-1929. www.CherrieAndZach.com
Views: 1760 Cherrie Brown
Contingency Contracts | Real Estate Basics | Scott Parman
 
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Hi folks, Scott Parman, your buyer specialist. Today I'd like to expand on the commonly misunderstood topic of contingency contracts. Specifically, let's discuss what a contingency contract is, how they work, and what it means to you as a home buyer. A Contingency contract is when a seller accepts a buyer's offer to purchase their home, but agree that the purchase is conditional upon the buyer's current home selling first. The idea of the contingency is to protect someone who is selling and then buying from being stuck owning two homes at once. Also, many buyers would not qualify for financing on two homes at once, so a contingency affords them the opportunity to make a contract to purchase their next home without selling and moving out of their current home into temporary living quarters. First, the process to request a contingent contract is simple. You write an offer through the normal process, but you include an additional contingency document as an addendum, meaning that it is an integral part of the initial contract. This addendum has two options, one informs the seller that the buyer's current home is under contract, and the second informs the seller that the buyer's current home is NOT under contract already. The first option, informing the seller that a buyer's home is under contract, is the most desirable. Most sellers will consider this as a solid offer for their home as long as their agent advises them that the buyer's current contract looks solid. The contingency document offers protection for both buyer and seller if the buyer's original contract falls through before closing. If this happens, the contract can be cancelled by either party, or modified if both parties agreed. That means as a buyer, you don't risk owning two homes. As a seller, you can get your home back on the market immediately if necessary. The second option, informing the seller that a buyer's home is not under contract, is a less desirable option for either party. On the buyer's side, it seems great, you lock down a home, but take time to get yours sold. However, during the time you're selling your current home, if it isn't under contract, the seller has the option to accept another contract and serve you with a "kick-out" notification. This means to secure the home you want, you have the option to waive the contingency. Otherwise you lose the home to the new buyer. From a seller standpoint, there is almost no reason to accept this option. A buyer is asking them to take their home off the active market when they have no buyer or closing date for their current home. In their minds, why not just leave the home on the active market, then when your home is finally under contract, you'll come back around if they haven't sold yet. In the meantime, they have the benefit of securing another solid buyer for their home. Ultimately, what does this mean to you as a homebuyer? Simple, unless you have the approval to hold two mortgages (one for your current home and one for the next one) at the same time or are a renter, it's unlikely you'll be able to write a contract on your next home until your current home is under contract. If you own a home, the first step is always to get it in shape and on the market before you start looking for the next home.
Views: 7298 Scott Parman
How does buying on home sale contingency work?
 
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http://toddmillertv.com/video-blog/episode318/ Todd explains how a home sale contingency works and some common strategies for how buyers and sellers can protect themselves.
Views: 3035 Todd Miller
Should You Make An Offer Contingent on Selling Your Home?
 
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One question I get a lot is should I make an offer contingent on selling our house? Check out the video for my answer. Chuck Carstensen. RE/MAX Results. 612-290-3809. Www.MNHomeShop.com
Views: 74 Chuck Carstensen
Buyers offer contingent upon sale of their home
 
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What happens if you are selling your home and a buyer places an offer but it is contingent upon the sale of a home they also have for sale? If you have ever had interest in selling your home by yourself, you may want to take a look at this video first: https://youtu.be/orUBiX_aHfg Interested in BUYING OR SELLING Real Estate in FLORIDA? I would love to assist you. Please contact me with one of the links below. OR email me at [email protected] Are you a Real Estate Agent who wants to connect? I would love to talk real estate with you! Like me on Facebook: www.facebook.com/NLutherRealtor Lets Tweet: www.twitter.com/NLutherRealtor Wordpress: http://nmluther.wordpress.com/ LinkedIN: http://www.linkedin.com/pub/niki-luther/67/95a/673 Website: http://www.palmcoastrealestate.com Sellers & Showings!! http://youtu.be/o05JxF0bUV8
Views: 1061 Niki Luther
Should you accept an offer Contingent on the Sale of another Property?
 
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Should you accept an offer Contingent on the Sale of another Property? The answer depends on your situation. To clarify, a Contingent Offer is when a buyer has made an offer on your home, CONTINGENT on the sale of their own house (translation – they need the money from the sale in order to buy yours). To learn more about when you should accept a Contingent Offer (sale of buyer’s property), watch my latest video. Learn more here: http://daledowningrealestate.blogspot.com/2018/05/should-you-accept-offer-contingent-on.html Looking to buy a San Diego home? Use our free home search tool: http://www.housecallrealty.com/search/advanced_search/ Looking to sell a San Diego home? Get a free home value report: http://www.housecallrealty.com/cma/property-valuation/ Dale Downing Realty Executives Dillon HousecallRealty CalBRE # 01338330 2240 Otay Lakes Rd. #306, Chula Vista, CA 91915 619-993-0629 [email protected] www.housecallrealty.com
Real Estate Purchase Contracts Contingent on Sale of Home Bad for Buyers
 
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Collier Swecker video blogs about how Real Estate Sales Contracts that are contingent on a Buyer selling their home before they can close on a new home is a terrible decision emotionally and financially for Buyers. For Sellers, these contingent contracts are a great thing because they lock in a higher price in a declining market. If you have any comments or questions about Contingent on Sale of Home Contracts, email me at [email protected] or visit my website at www.MegaAgentRealEstate.com.
For Buyers - When Buyer's Home Purchase is Contingent on the Sale of Buyer's Home.
 
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Views: 82 The Solari Group
When Buyer's Home Purchase is Contingent on the Seller Finding a Replacement Home.
 
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#contingency #contingencies #home #homebuyer #homeowners #sale #listing #buying #problemsolver #sellit #homes #dreamhomes #california #californiarealtor #californiarealestate #californialiving #californiahomes #solanocounty #solariteam #TheSolariTeam #peoplehelpingpeople #invest #makingmoves #motivate #success #business #realtor #remax #remaxagent #remaxgold #realty #realestate #buyers #sellers #agent #realestateagent #replacementhome #replace #replacement
Views: 113 The Solari Group
What Does It Mean When A Sale Is Contingent?
 
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It means an offer on a home has been made and the seller has accepted it, but the finalized sale is contingent upon certain criteria that have to be met. These criteria, or contingencies, typically fall under three major categories: appraisal, home inspection and mortgage approval. This does not mean you need to sell, but your agreement would no longer be contingent on the sale. What does contingent mean in real estate? active mean? Mueller austin homes. Realtor what does 'active contingent' or 'contingent' mean? . Let's say you've found your dream home online, but the status is active contingent. Ask an agent what does contingent w no kick out mean? . Googleusercontent search. What does all aug 8, 2017 bernie_photo istock. With a home sale contingency in place, the transaction is dependent (or contingent) upon of buyer's. Active, withdrawn, expired, sold, contingent ko, due diligence, other, pending, and pending lender approval. Make it a practice to see any home you're interested in as soon possible avoid putting offers on homes that are contingent or pending. One easy way to do this is search for homes on redfin, and then save the so that you receive email updates when match your criteria hit market. Buyer one has got there if you're interested in having a certified negotiation expert handle your home sale or purchase, please get touch with on of our mueller realtor team 512 215 4785 this case, it may be time to decline the offer all together. Keys to understanding pending sales status, homes sales, short sale contingency contract kick out contracts. Listing status & what does it all mean van purser associates. If the market is hot and they sell quickly, there may still be an opportunity to strike a deal with no sale contingencies attached 23, 2017 when home seller has acknowledged offer from buyer, but buyer needs meet definite conditions earlier can confirmed. There is a contingency on the sale of property, it could be home inspection, financial commitment or their own. If the buyer's house sells by specified mar 28, 2017 should seller receive another offer, this provision lets give you, default, 72 hours to remove your contingency. Under contract what's the difference? . What does status, 'active contingent' mean? Home sale contingencies what buyers and sellers need to know contingent contracts for selling buyer's home the balancecontingent buying statuses pending vs. What does active contingent mean? A home sale with conditions listed house for 6 weeks what it mean. In california pending listings do fall out of escrow if a title search reveals too many clouds or liens, the buyer's financing commitment expires and his loan terms change. It generally means there are but active contingent that the home in question is available with an offer accepted a contingency. I was told that i'd originally. Don't be feb 10, 2017 a home sale contingency is one type of clause frequently included in real estate sales contract (or an offer to purchase estate
Views: 16 Roselyn Wnuk Tipz
Contingent Purchases- How to Buy a Home When You Need to Sell First
 
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Are you looking to buy a new home but need to sell your current home first? Elizabeth Sady has the best options for buying a new home while selling your current. Watch the video for all of her advice including what to do if the contract on your current home falls through. http://esadyrealestate.com/wp/how-to-buy-a-home-when-you-need-to-sell-first/
Views: 1383 elizabeth SADY
[Eclipse USA] - What is the "Contingency Kickout Clause"?
 
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The Contingency Kickout Clause (or CK clause) can be a complicated part of the process when buying or selling your home. Reggie Moon explains it, and gives examples of scenarios where the CK clause might be used. If you have any questions, feel free to reach out to Reggie Moon directly - www.404eclipse.com
Views: 626 404 Eclipse
Silicon Valley Real Estate: How to submit a contingent offer
 
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What if your offer is contingent on the sale of your current Silicon Valley home? Although you're competing with other offers, there are a few strategies that you can use to win. Ultimately, as a buyer, it helps to be as far along as possible in the selling process. The further along you are, the more attractive your offer is. Watch this video for more information. http://www.superiorrealtyvideos.com/ Want to buy a Silicon Valley home? Check out our free home search: http://www.superiorrealtypartners.com/idx/ Want to sell your Silicon Valley home? Check out our free home value report: http://www.searchallproperties.com/propertyvaluation-plus/SuperiorRealty/Silicon+Valley+VYRAL-465391 About Me: I love selling real estate! I worked for the "big name" company and the small "mom and pop" brokerage, and took the best of both worlds when I founded Superior Realty Partners. We use advanced technology to streamline the real estate process, making for a smooth and fun real estate experience where our clients are always kept up to date and informed, and look forward to working with us again and referring their friends. We work hard everyday to provide our clients with Superior Service and Superior Results! John Fagan BRE# 01472149 Superior Realty Partners 16275 Monterey Street, Suite F Morgan Hill, CA 95037 408-718-0264 [email protected] www.superiorrealtypartners.com -Transcription- If you’re a current homeowner and selling your home, your offer is contingent upon your home sale. Having a contingent offer decreases the likelihood of acceptance, especially when competing against others. For instance, if there’s an offer identical to yours, except isn’t contingent on a home sale, it’ll be more attractive. What if your offer is contingent on the sale of your property in the Silicon Valley? On the flip side, most people do have a home to sell when purchasing a new one. How then do you win a bidding war with a property to sell? There are different stages of contingency. The further along you are, the better your offer looks. For instance, you see your dream home listed on the MLS. You want to make an offer, but your home isn’t even listed. It’s not staged, and it might even need repairs. You’re not pre-approved and you haven’t pursued an inspection. Before jumping ahead, you need to do some work. Stage one involves the time it takes to prepare your home. http://superiorrealtypartners.blogspot.com/2016/05/silicon-valley-real-estate-how-to.html However, if you’re further along in the process, that strengthens your offer. If you’re considering buying a new property, I highly suggest starting the selling process as early as possible. The next step is if you’ve already prepared your home for sale, you might need to take professional photos and work on the marketing aspect. If you’ve handled all of this, your offer is even stronger. A step past that would already being listed on the market. An even further step would be already having a buyer, especially one that removed their contingencies! The further along, the better it looks for the seller. If you’re thinking about buying or selling a home in the surrounding area, give me a call or send me an email. I’d be happy to answer your questions and serve your local real estate needs!
Contract offer contingent on buyer selling their home ~ Diva CoLab Chat
 
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Contract offer contingent on buyer selling their home. In this Diva CoLab Chat I reference a a post I scooped ... Why your contingent offer to purchase won't be accepted: http://sco.lt/7mG95N There is a discrepancy on whether a listing can remain active in the Brevard MLS with a contingent contract that has a 72 hour kick out clause. Waiting on the executive director to clarify. Do you have a house to sell on the Florida Space Coast? http://www.TextAgi.com
Contract Contingency - Common Contract Contingencies To Protect Your Real Estate Deals - REIClub.com
 
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http://www.REIClub.com Contract Contingencies For Real Estate Investors Are Essential. Here's A Quick Video on Real Estate Contract Contingency... SUBSCRIBE TO OUR YOUTUBE CHANNEL http://www.youtube.com/subscription_center?add_user=reiclub SUBSCRIBE TO OUR FREE NEWSLETTER https://www.reiclub.com/real-estate-newsletter.php LET’S CONNECT http://www.facebook.com/reiclub http://twitter.com/reiclub https://plus.google.com/+reiclub http://www.pinterest.com/realestateclub/ Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got a quick video on real estate contract contingencies for real estate investors A contingency clause in a real estate contract is language designed to protect you from unneccessary complications. Whenever you make an offer as a real estate investor, it is important to consider these contingencies especially for rehab type properties. Many investors will tell you that contingencies may turn your seller off, but depending on the deal, you might still want to consider using them. Today, I'll be talking about 3 common contract contingencies... 1) Mortgage Contingencies - If you are using public financing such as traditional, Veterans Affairs or Federal Housing Administration, you can setup your contingency to state that the deal is contingent upon whether you can get a certain interest rate for a set amount of the purchase price (generally 80 percent) by closing. This gives you time to shop around for the best rates. If you are unable to secure a loan at the stated terms, you can back out of the contract, and the earnest money deposit returns to you. 2) Appraisal Contingencies - Go hand-in-hand with the mortgage contingency. There are two ways appraisal contingencies work. a) If a buyer can't get an appraisal that is at least as high as the seller's asking price, the buyer may back out of the deal. b) If the buyer can't get an appropriate appraisal, the buyer can ask the seller for a lower purchase price. Then, if the seller refuses, the seller may back out. 3) Inspection contingencies - Give yourself a certain period of time (usually three to 14 days) to perform whatever inspections are needed to confirm the interest in the home. If these inspections reveal any problems, you, the buyer can back out of the deal. Contingency clauses protect real estate investors when purchasing investments. Usually, you don't want your buyers to have them when selling your house, but we'll save that for another video. Just remember, when investors ask about exit strategies, contract contingencies create that option for you. When you use the right contingencies, you can ultimately reduce your risk down to virtually nothing. Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing. http://www.youtube.com/watch?v=glBQPx2qxfU "REIClubRealEstateInvesting"
Views: 6953 reiclub
2013: Part 1 of 2: Contingency for Sale or Purchase of Other Property
 
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Video from 2013 - In this instance, translated ... When You're Buying Another Home, BUT You Need to Sell Your Current House First. Steve Ostrom of Coldwell Banker, reviews the Contingency of Purchase form ... which we're seeing more often in transactions these days as many folks are buying up to a larger home, or downsizing to a smaller home. Disclosure: we're now at Coldwell Banker on Douglas Blvd, Roseville.
Home Buyer Contingency Periods—Explained! | San Diego Real Estate | The Real Estate Jedi™
 
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Are you a Buyer or Seller and still have QUESTIONS? Call us — we'd love to talk! (619) 537-6016 Home Buying Contingency Periods and how they work—explained by The Real Estate Jedi, San Diego Realtor and Broker Jed Bratt of Big Block Realty. http://TheRealEstateJedi.com Here's a look at the most used real estate contingencies: Property investigation, property condition, HOA documents, financing, title, appraisal, disclosures, etc… The Buyer can use this home buying contingency time period to get a full property inspectional and investigate all other matters related to the property as the buyer sees fit. The buyer is allowed to cancel for nearly any reason, so long as the buyer’s contingencies are still in place during the stated contingency period and get their deposit back. The contingency period allows for a buyer to get as much certainty as he would like prior to committing to closing on the property. There are also other contingencies for certain types of sales as well, such as buyer's contingency to sell his/her own property first, or for the seller to get a replacement property under contract as well. Home sale contingencies protect buyers who want to sell one home and buy another. In California, there is a standard 17 day contingency period for the buyer to obtain written loan approval, appraisal on the property for at least agreed upon purchase price, conduct all home and property inspections, and also conduct investigations on all other matters concerning the property, neighborhood, and title as the buyer wishes. If the buyer’s investigation uncovers defects with the property, title, or some other concerns regarding the transaction, the buyer is allowed to back out of the deal, with minimum repercussions so long as their applicable contingencies are still in place! A financing contingency period allows the buyer the opportunity to secure loan approval as a contingency to purchasing the property as well.
Views: 3344 The Real Estate Jedi
Buying a House Contingent Upon Selling Yours | Strategy 1- Your Home is Under Contract!
 
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In today's home selling tips episode you'll about buying a house contingent upon sell yours! This is the 1st of a 4 part mini-series about how to buy a home contingent upon selling yours. We lead off the series with Strategy #1- Your Home is Under Contract! **Watch the full video and series to learn the most about the process of selling and buying a house at the same time and how making an offer on a house contingent on selling yours works. Thank you!** Timeline: 1. 1:11 - What is a "Contingent Upon Sale?" 2. 2:18 - The Truth About Contingent Home Sales! 3. 3:19 - 4 Successful Strategies when selling and buying a house at the same time! 4. 4:05 - Strategy #1 - Your Home is Under Contract! 5. 7:15 - 3 Very Helpful Sites! https://www.crimereports.com/ https://www.walkscore.com/ http://www.city-data.com/ 6. 9:51 - Your Turn! Share your savvy how to buy a house contingent upon selling one tips with us along with your favorite parts of this video in the comments section below. Thank you! Selling a house doesn't have to be hard. Find the right real estate agent to help you and it can actually be fantastically fun and very exciting! =) If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! Want to know more about selling a house in Las Vegas or about Las Vegas real estate? Simply reach out to me. I'm here to help! https://www.andrewfinneyteam.com/sellers/ Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Trusted Real Estate Advisor License #S.0173260 - Las Vegas Realtor Call/ Text: 702-710-0287 Email: [email protected] https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL Disclaimer: **When you use the promo code REFAFT at http://www.padstyler.com/index.php?page=home you'll save 10% off your order, I'll receive a small commission that will help me to create even better videos to help you. Thank you!**
Views: 175 Andrew Finney Team
Seller Perspective for a Home Sale Contingency Offer
 
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Chris Harpster of Revealty explains the perspective you should have as a home seller when a buyer would like to make an offer with a home sale contingency. http://Revealty.com Transcript: In a seller's market dealing with a home sale contingency can be an important thing to consider. Basically a home sale contingency means someone makes an offer on your property and it's contingent on the sale of their home. There are a couple different scenarios under which you can see that. There are buyers who haven't even put their house up on the market yet and it's contingent on the sale of the house and you don't know what the price is or how likely it is to sell. I'm very reluctant to advise a seller to accept an offer under that pretense. The other scenario which is the more common one you'll see is that a buyer makes an offer that's contingent on the sale of their house and that house is under contract and closing in the next 30 days or whatever. Most sellers will consider taking that home sale contingency. A couple things to keep in mind. You want to protect yourself in your contract. You want to make sure that you have some kind of escape clause in there where if the house doesn't sell, if it doesn't close on time, how you're going to handle extensions, what is someone else makes an offer on it? How easy is it to get rid of that person if they're not able to deliver? That's the big question is you're at the mercy of whatever happens on their house deal so if their house doesn't close and doesn't sell on time you sit and wait. So it's nice to have a backup plan or other options. And keep in mind while this whole process if playing out, your property is not showing as active on the MLS. So you're missing out on potential people who would be interested in seeing that property. This option is much less appealing in a seller's market. If you're dealing with a bank own property or a short sale, they will not accept a home sale contingency even if the house is in contract. And some private sellers won't accept that contingency as well. And I'm not here to tell you whether you should or shouldn't. You should just be aware of your risk and potential liability in doing so.
Tips for Real Estate Agents: How to Deal with a Contingent Seller
 
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It might seem harder to work with a seller that will also be buying a home but there are plenty of options available so they never feel displaced or "homeless". LIKE, COMMENT, SHARE, SUBSCRIBE MY WEBSITE & PRODUCTS: http://bit.ly/2utjsw5 SCRIPTS: The Book of Yes: http://amzn.to/2upbXq7 EQUIPMENT: Editor ➳ Final Cut Pro X: http://amzn.to/2vrQLwN Camera ➳ Canon G7X Mark II: http://amzn.to/2tZIHE0 LOOKING FOR CA REAL ESTATE LICENSE PRACTICE TESTS? Go to: http://bit.ly/1O4v74b Use coupon code: LOIDAV for 10%OFF FOLLOW ME: INSTAGRAM: https://www.instagram.com/loidavelas/ TWITTER: https://www.twitter.com/loida_velas FACEBOOK: https://www.facebook.com/loidavelas MY BEAUTY CHANNEL: http://bit.ly/2epvdcB LADIES, WANT TO BE COACHED BY ME? Ready to take your business or to the next level? To apply for business coaching send me an email: [email protected] or go to http://bit.ly/2tvjfUK (serious applicants only)
Views: 1335 Loida Velasquez
contingency contract
 
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What is a contingency purchase? When a buyer has to sell a property before buying the property under contract
Views: 38 Marilyn Boudreaux
Buying a home as a contingent buyer
 
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Buying a home as a contingent buyer and what that means. There are a few different types of contingencies when buying a home. Selling a home to buy a new home is one of the more difficult contingencies but very doable. Listing a home for sale in order to purchase a new home is more common than most buyers think. For more information contact Cherrie Brown or Zach Mcreynolds at 661-877-1929. www.CherrieAndZach.com
Views: 135 Cherrie And Zach
Contingent Offers in Residential Real Estate - Definition and Strategies
 
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Wondering about making or accepting a contingent offer on a property? This video will explain what contingent offers are, how to approach them as a buyer or seller, and some strategies to help those deals be successful. Transcription: Hey everybody. John Collins, San Diego Realtor. I wanted to do a quick video today about contingent offers. What are they, what do they mean for you if you are a buyer or seller, and what are some strategies to make sure those deals go though. Now this is a topic we could spend a lot of time on, but I'm going to try to go through the highlights right now, and I encourage you to ask any questions in the comments below, or reach out to me via my website, BeachRealtySanDiego.com, and we can definitely go into more detail. I look forward to that. OK, first off, buyers, if you're making contingent offers it means that your offer to purchase this property is dependent on you closing on that property. Now, obviously, two escrows, it can make a seller nervous accepting your offer. The way you make sure to keep that fear to minimum and give them confidence that you can come through, is make sure you are as far along as possible in that first property's sale. So, don't put in contingent offers to buy if you haven't even marketed your property yet. Make sure you're on the market, that you have a read on the activity at least. Preferably you're already in escrow and you have an end date in sight, because that is going to give the seller who is accepting your offer a lot more comfort. Also, you can throw in some bonuses for the seller. Let them know you'll take care of things that often are put on their side. Things like home warranties or inspections. This doesn't have to be a big ticket item but it can give them some comfort and trust, and just say, 'hey, I realize you're doing me a consideration to give me this flexibility, this is what I'll do for you'. On the seller's side; same thing applies. Make sure you're as far along on the purchase of your new property as you can be. If lending allows you be in escrow, great. If not, make sure that you at least have your preapprovals worked out and that you know where you're going to be shopping, and that most of all you are up front with the buyers that are coming in and set the proper expectation. There are plenty of buyers out there who are happy to be flexible on the timeline, but if you don't make that story clear up front it can cause some headaches down the road. A second thing that I really advise all my clients to do is add a kickout clause. This says that yes, we're going to contract with you, Mr. Buyer, but if another buyer comes along and gives us an offer you need to be able to give them time to perform, and if they can't then they can get kicked out. It prevents you from getting stuck in a contract with a buyer that drags on and on and on. Which is something you never want to be dealing with. I hope this is all really helpful. Again, hit me up with questions in the comments below, or via my contacts on my website, BeachRealtySanDiego.com. I welcome that opportunity to help and I thank you. Have a great day in America's Finest City, and I'll talk to you then.
What is an Inspection Contingency? Residental real estate sales
 
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As a buyer or seller you will want to understand how an inspection contingency affects the purchase agreement.
Views: 587 Tom Sommers
Home Buying Decision #10 & #11: Beware of Appraisal Contingency Barriers
 
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Buying Decision #10 & #11: Appraisal Contingency and Duration Appraisals are all about protecting the bank and ensuring property value. So, what if the home doesn't appraise at the full value and you have an appraisal contingency? Do you have the cash? How does this option and timeframe affect your chances in the eyes of the seller? Get the facts and know your options by watching the video below. Want more tips on home buying? Call us at (703) 952-7653, email [email protected], or visit www.KeriShull.com. PLUS! We offer an EXCLUSIVE BUYER GUARANTEE - If you aren't thrilled with your home Keri Shull will buy it back or sell it for free! Join Our Community: ★ Facebook: http://facebook.com/The-Keri-Shull-Team ★ Twitter: http://twitter.com/kerishullteam ★ YouTube: http://YouTube.com/kerishull The Keri Shull Team 1600 Wilson Blvd. #101 Arlington, VA 22209 (703) 952 7653 _____________________ - Hi, I'm Keri Shull and welcome back. Today, we're gonna talk about decision 10 and 11 in crafting the perfect offer to win in a bidding war. So decision number 10 is if you will have an appraisal contingency, and 11 is how long you'll let that contingency be outstanding. So let's talk about what an appraisal is again, just to make sure we're all on the same page. The appraisal is actually a representative, the appraiser is a representative that the bank hires to make sure that the property value comes in when they're giving you their loan. So the appraisal is actually designed to protect the bank, okay? So the decision of whether you have your offer contingent on the appraisal or non-contingent on the appraisal, if you're the seller and there's one offer that, all the other terms are the same but one is contingent on the appraisal and the other is non-contingent, obviously the seller picks the certain offer, the one that's non-contingent. So if you're a buyer and you're trying to decide, am I willing to make an offer non-contingent on appraisal, the first thing you need to consider is if you have the cash if, for some reason, it doesn't appraise. So some of my clients will say, "You know, we have the cash, "we want this property Keri and we are willing to waive it "if that's gonna help us win." Almost all the time, certainty is what the seller wants so it will help them win. So again, you wanna talk to your real estate agent and you wanna talk to your lender to understand exactly the risk you would be exposed to. But this is a critical decision that our clients must make to compete. So let's imagine that they are not comfortable with doing no contingency. The second part of the equation, which is the next decision, is how long to have that contingency ride. Now if you're using an organization like SunTrust, or Bank of America, or Wells Fargo, get a new real estate agent because they are not giving you the right advice. I used those organizations in the past and I have nothing against what they used to be able to produce. But in the market today, particularly in a fast paced environment like Arlington, you have to have a lender that has in-house underwriting, and they have a small group of appraisers that go out very, very quickly. So let's imagine this, if one offer, the contingency is a 30-day contingency, and the other is 14, and the seller's trying to move on to another home, which do you think they're going to pick? They are going to pick the contract that offers them certainty the fastest. So you wanna make sure that you get that timeframe as short as you possibly can. I hope that was helpful. If you have any questions or concerns, you can always call the Keri Shull team directly. Thanks so much.
Views: 16 Keri Shull Team
Kickout Clause in Sale or Lease of House Contingency Exhibit
 
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Many Buyers in today's market must sell or lease their current house in order to buy a new home. Make sure to include the proper contingency exhibit in that contract and make sure the Buyer understands the kickout clause in that form. The Seller may continue to market the property for sale & if they get another offer to accept, they give the first Buyer with whom they are under contract the "first right of refusal." When The Buyer is presented with the "kickout" the Buyer may either terminate the contract & get their Earnest Money back or proceed with the contract by removing the Sale/Lease Contingency. When they agree to do this, the Buyer also agrees to REMOVE ALL OTHER CONTINGENCIES! More Contract Tips: http://www.MaximizeYourRealEstateCareer.com Maximum One Realtors: http://www.KeepMoreCommission.com
Loan Options When Making An Offer Contingent On Selling Current Home
 
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In this update we will be covering the current interest rates for conforming, agency, and how to be competitive when writing an offer with a contingency to sell a current home. Thomas Feng with BayAreaConnect.com and Joe Lima of Princeton Capital, delivering your weekly Bay Area Financial / Real Estate Update. ** Visit http://BayAreaConnect.com/ to stay updated on Santa Clara County real estate news** Schedule an appointment to go over these rates/lending market, maps of new listings, sold listings, and school data/API Scores, call me at 408-840-3852 or email [email protected]
Views: 129 Bay Area Connect
How Contingency Contracts Work
 
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Benjamin Beaver explains how contingency contracts work. A contingency contract is basically a typical contract to purchase a property that is contingent upon the sale of another property. There are pros and cons to taking this approach. Contact us for more info at benjaminbeaver.com or homesforsalesanangelo.com
Views: 757 Benjamin Beaver
What Is A Contingent Offer When Buying Or Selling A Home? |  Fridays with Fred
 
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http://www.fredsedrealty.com (800)921-9231 When buying or selling a home, there are often contingent offers. If the buyer is buying the seller's home, there are often conditions to their offer like getting a loan, or selling their own home. In the offer, the buyer will inform them that the terms are contingent on them selling their own home or obtaining suitable financing. If you are working with a great Realtor, they will be able to adequately tell you how to write a contingent offer or how to sell your home with a contingent home buyer. Want more great information on the Orange County Real Estate market? Follow us at: https://www.facebook.com/fredsedrealtyoc/ https://www.facebook.com/fredsedrealtyla/ http://www.twitter.com/fred_sed
Views: 193 Fred Sed
Can a Seller Back Out After Accepting an Offer?
 
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Can a seller back out after accepting an offer, a very frustrated buyer asked their real estate agent. Before the real estate agent could answer, the buyer yelled the seller backing out is breaking a contract we agreed to, what's the real estate contract law governing escape clause the buyer demanded!? Whew... Yes, a seller backing out of house sale before closing is very frustrating and indeed is breaking a transaction. Depending on the reasons why the seller backing out may ultimately depend upon whether they can or not. At the end of the day it is very hard to force a seller to sell their home. A few of the most common reasons a seller back out of real estate contract is: 1. They think they could've got a better price. 2. They appraisal came in too low. 3. Practical reasons like they lost their job, the job transfer didn't go through, they were diagnosed with cancer, or possibly they were selling their home contingent upon buying another it fell apart. 4. Probably the most common reason is simply cold feet. Although buyer's remorse is far more common than sellers remorse, it does happen. A seller may get cold feet due to the strong emotional attachment they may have with their home. In such a case, it's best for the seller to remember the reasons they wanted to seller their home to begin with and to reexamine their home selling motivations. Just like buying a home, selling a home is a big life change. Change means different things to various people. Most everyone could agree that with change comes a certain amount of anxiety and fear. As long we remain clear on why we are doing something, in this case, selling a house, then everything will work out for the best. Real estate contract law on the other hand is best discussed with a real estate attorney. While your trusted real estate adviser can answer many questions and offer guidance, if you want sue the seller, you will need a real estate attorney. Just be aware it is very difficult to force anyone out of their home and may not be worth the aggravation and cost. It's up to you. The sale contract the seller and buyer agree to is a key consideration. Did the seller disclose that they were selling their home contingent upon buying their new home? If so, the buyer should've known this upfront before submitting an offer and should take a seller backing out of escrow in stride. In a case the seller withdraw from closing, the seller needs to be prepared to return the buyers earnest money deposit, cost of the home inspection, appraisal, and perhaps even storage for the buyers, and perhaps some temporary housing costs. It all comes down to what was in the sales contract and any other addenda to the contract that were agreed upon. Obviously, this a situation no one wants to find themselves in yet it does happen. Today's real estate advice video about this to light so you can be better prepared. If you want to know more about how a seller can back out of a contract, or have ideas for more real estate advice videos, please let me know. Want to know more about the Las Vegas real estate market trends? Send me a message, I'm here to help! Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Real Estate Consultant License #S.0173260 Call/ Text: 702-710-0287 Email: [email protected] http://www.andrewfinneyteam.com/Home BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL
Views: 4808 Andrew Finney Team
Buying a home on Contingency
 
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Todd and Oana discuss buying a home on contingency.
Views: 570 Todd Miller
A Buyer's Options in a Home Sale Contingency
 
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Larry Schottenstein from Revealty explains your options in a home sale contingency, when you're looking for a home and also have a home for sale. Which is the best option for your situation? http://Revealty.com Transcript: You want to buy a home you have a home to sell. You have three options. They're all somewhat difficult and you better get a grip on them right away so you can make things easy for yourself. And here they are. Option number one: Am I willing to own two homes at once? You put your house on the market, find another house, buy that house, haven't sold the home you're trying to sell, own two homes at once. If that's an avenue you want to go, you have to be prepared and plan for that. Can I get a mortgage for it? Can I afford it? What are the pros and cons for it? All that kind of stuff. Next option: Do I want to be homeless? The simplest way to avoid owning two homes at once is to do this: put your home on the market, get it in contract, look for another house, but if I can't find it, timing doesn't work, I sold my house. I am homeless. Where am I going to go. Temporary housing. Move in with the family, the in-law. All that kind of stuff. What's the financial cost, temporary housing, storage, and emotional cost of doing so. I had a client last year building a new house and they decided not to do that because of their situation, and priced their house low enough so there was some cost involved and a month before they were ready to move. Put their house on the market sold it to the first person that looked at it. Yeah they left a little money on the table, but they didn't have to move twice, pay for storage, or any other expenses. Your next option is to be very frustrated. You have a home to sell and you go put an offer on a house and make a home sale contingency, contingent on the sale of your existing home, and assuming you can even get the seller to accept it and in a seller's market they are highly unlikely to accept that kind of offer, and all the sudden you keep losing out on houses you don't like. If you're looking for a house that's hard to find, I can virtually tell you that's going to be a frustrating experience. If your house is easy to sell and you're looking for a house that has a lot of choices that may be a viable offer. Work with you agent up front and develop a plan. Realize there are three choices and three pains. Which one is best for your situation? Be pragmatic about it. Outline the costs, the pros, the cons of each. Stick to that plan and you will greatly be in control and minimize your headaches.
For Sellers - When Seller's Home Sale is Contingent on the Sale of the Buyer's Home.
 
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#contingency #contingencies #home #homebuyer #homeowners #sale #listing #buying #problemsolver #sellit #homes #dreamhomes #california #californiarealtor #californiarealestate #californialiving #californiahomes #solanocounty #solariteam #TheSolariTeam #peoplehelpingpeople #invest #makingmoves #motivate #success #business #realtor #remax #remaxagent #remaxgold #realty #realestate #buyers #sellers #agent #realestateagent #replacementhome #replace #replacement
Views: 39 The Solari Group
Utah Real Estate | Blackwell Realty Group: How to make a contingent purchase
 
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Today we want to talk about how to buy and sell a home at the same time, which is also called a “contingent purchase” or “contingent on sale” in the real estate world. Doing two transactions at once happens a lot with people looking to upgrade or downsize. The process is best started by listing the home you need to sell first. Your offer on the home you intend to buy next will be strongest when the sale of your original home is processing through. To learn more about how to buy and sell at the same time, watch our latest video. http://brandon.blackwellrealtygroup.com/blog/Whats+The+Best+Strategy+For+Buying+And+Selling+At+The+Same+Time Want to sell your home? Get a FREE home value report http://brandon.blackwellrealtygroup.com/sell.php Want to buy a home? Search all homes for sale http://www.blackwellrealtygroup.com/index.php Brandon Blackwell & Eric Gardiner Blackwell & Gardiner 324 South 400 West, Suite 150 Salt Lake City, UT 84101 801-953-1502 [email protected] blackwellrealtygroup.com Transcription: How can you buy and sell a home at the same time? This situation happens a lot locally when people look to upgrade as their family grows or downsize as their kids move out of the house. It also happens when people move to Utah from out of state. The process of buying and selling at the same time is best started by listing the home you need to sell first. Your offer on the home you intend to buy next will be strongest when the sale of your original home is processing through—meaning you either have an offer on that original home and the buyer due diligence period has already passed or it’s at the finance and the appraisal deadline. That will make the seller of the new home you’re buying more comfortable with the transaction. A lot of times, people like to start shopping for homes before their original home is listed on the market. This can be dangerous, but it can also be helpful to make sure you can find what you want to move into before starting the listing process. The danger happens when you find a home and fall in love with it and your original home isn’t listed yet. It’s very difficult getting an offer accepted if your home isn’t listed yet. We’ve done it in the past, but I don’t recommend it. In some cases, people don’t have to sell in order to buy—they may have enough cash to put a down payment on their new home so they can manage both homes at the same time. This can be a risky proposition, though. For starters, you don’t want to have two mortgage payments at the same time, and there are many other responsibilities to juggle when having two homes at the same time. That’s why it’s best to list and buy at the same time. In any case, every situation is different, and it’s best to talk to a professional real estate agent before you make the decision to buy and sell at the same time. In some cases, it’s best to make sure both transactions close on the same day, but this can create a problem with moving. This is why we oftentimes do what’s called a “rent-back,” which means we rent back your original home from the new owner after it’s been sold for a few days so you have enough time to move. We’ve also seen homeowners do rent-backs on their original home before closing on the purchase of their new one. Buying and selling at the same time can be a complicated process, so again, always talk to a Realtor before you try it. If you have any other questions about this topic or you’re thinking of buying or selling, feel free to give us a call or email us anytime. We’d be happy to help you.
Views: 3 Eric Gardiner
What Is The Contingency In A Residential Purchase Agreement All About?
 
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It's the period of discovery, nick-named by me as the What-If time period. If the property doesn't appraise, you may cancel the contract. If you can't get insurance, the contract can be cancelled. Etc. The majority of the contingencies are on the buyers side. They must be able to get the loan, insurance, etc. AND, the property must truly be suited for their needs, discovered by seller disclosures, statutory disclosures, investigations. Agents have a fiduciary responsibility to assist their clients through all phases of purchases and sales in Real Estate. Make sure yours does too. ~ Lauren Lefkowitz Greber ~ Realty Executives Valencia ~ (661) 964-1600 x 3317 ~ [email protected]
Views: 105 WitzRealEstate
Sale Contingency When Buying A Santa Clarita Home
 
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When considering buying another Santa Clarita home, but you have to sell the one you currently have in order to make it happen, you'll be making an offer on a home contingent on your home selling. That is, unless you choose to move somewhere temporarily in between selling and buying your Santa Clarita homes. There are two types of contingent offers where the sale of your home is required in order to complete the purchase. #1) Making your offer contingent on your home selling... but you already have a buyer under contract to buy your home. #2) Making your offer contingent on your home sellingt.... but you either have to list your home for sale still, or you already have, but haven't yet found a buyer for it. Clearly any seller would favor the 'more' certain offer #1... where you're done looking for your buyer and it's just a matter of you having found your home of choice to purchase. The seller in case #1 doesn't have to wonder how long it will take you to find a buyer and sell your home. There's already an agreement in place. When dealing with option #2, if you must, it will make it harder for you to get an offer accepted. It's by no means impossible, it happens, but be prepared to possibly run into issues where a seller won't take that kind of a sale contingency, especially if you're going after a HOT home that's in demand and or a great deal which is causing other buyers without the same contingency to also show their interest or make offers on it. Are you considering selling your Santa Clarita home? Need the equity out of your home in order to buy another? Then ASK Robert! I'd like to help you navigate the hurdles and make the sale and purchase process as easy as possible on you. You can start by contacting me @ 661-373-2374.
Utah Real Estate | Blackwell Realty Group: How to make a contingent purchase
 
03:12
Today we want to talk about how to buy and sell a home at the same time, which is also called a “contingent purchase” or “contingent on sale” in the real estate world. Doing two transactions at once happens a lot with people looking to upgrade or downsize. The process is best started by listing the home you need to sell first. Your offer on the home you intend to buy next will be strongest when the sale of your original home is processing through. To learn more about how to buy and sell at the same time, watch our latest video. http://brandon.blackwellrealtygroup.com/blog/Whats+The+Best+Strategy+For+Buying+And+Selling+At+The+Same+Time Want to sell your home? Get a FREE home value report http://brandon.blackwellrealtygroup.com/sell.php Want to buy a home? Search all homes for sale http://www.blackwellrealtygroup.com/index.php Brandon Blackwell & Eric Gardiner Blackwell & Gardiner 324 South 400 West, Suite 150 Salt Lake City, UT 84101 801-953-1502 [email protected] blackwellrealtygroup.com Transcription: How can you buy and sell a home at the same time? This situation happens a lot locally when people look to upgrade as their family grows or downsize as their kids move out of the house. It also happens when people move to Utah from out of state. The process of buying and selling at the same time is best started by listing the home you need to sell first. Your offer on the home you intend to buy next will be strongest when the sale of your original home is processing through—meaning you either have an offer on that original home and the buyer due diligence period has already passed or it’s at the finance and the appraisal deadline. That will make the seller of the new home you’re buying more comfortable with the transaction. A lot of times, people like to start shopping for homes before their original home is listed on the market. This can be dangerous, but it can also be helpful to make sure you can find what you want to move into before starting the listing process. The danger happens when you find a home and fall in love with it and your original home isn’t listed yet. It’s very difficult getting an offer accepted if your home isn’t listed yet. We’ve done it in the past, but I don’t recommend it. In some cases, people don’t have to sell in order to buy—they may have enough cash to put a down payment on their new home so they can manage both homes at the same time. This can be a risky proposition, though. For starters, you don’t want to have two mortgage payments at the same time, and there are many other responsibilities to juggle when having two homes at the same time. That’s why it’s best to list and buy at the same time. In any case, every situation is different, and it’s best to talk to a professional real estate agent before you make the decision to buy and sell at the same time. In some cases, it’s best to make sure both transactions close on the same day, but this can create a problem with moving. This is why we oftentimes do what’s called a “rent-back,” which means we rent back your original home from the new owner after it’s been sold for a few days so you have enough time to move. We’ve also seen homeowners do rent-backs on their original home before closing on the purchase of their new one. Buying and selling at the same time can be a complicated process, so again, always talk to a Realtor before you try it. If you have any other questions about this topic or you’re thinking of buying or selling, feel free to give us a call or email us anytime. We’d be happy to help you.
Views: 36 Brandon Blackwell
Home sale contingency
 
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Va
Views: 122 FranklyRealty
Real Estate Contingencies and Contingency Removal
 
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Contingencies are among the most talked about and important pieces of a real estate purchase contract. In this episode of San Diego Real Estate University, Mark talks about what contingencies exist, how they are removed, what happens when they are removed, and more.
Views: 502 Mark Stuart
Buying and Selling With Contingencies
 
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Buying and selling at the same time can be tricky. However, it’s a necessity for a lot of people. We have handled this many times, so we have a few different ways we feel comfortable attacking the situation. One way is to get your home on the market and make a contingent offer on a home. To learn more about how we handle this situation, watch this short video. Learn more: http://thequintingroup.com/buying-selling-contingencies/ Search for Homes for Sale: http://www.jeffquintin.com/property-listings/ FREE Home Value Report: http://www.jeffquintin.com/tools-info/how-much-is-your-home-worth/ THE JEFF QUINTIN REAL ESTATE SUPER TEAM SOUTH JERSEY REAL ESTATE SPECIALISTS Direct.609.398.JEFF (5333) Office.609.399.0066 [email protected] https://www.facebook.com/pages/Jeff-Quintin-Real-Estate-Super-Team/325019410872499 TRANSCRIPTION: Most people have to be buyers and sellers at the same time because they don’t want to have to find temporary living or they can’t afford two mortgages at once. This happens all the time, but the situation gets especially tricky in a low inventory market like ours. Here’s a few options we have for balancing the transactions out. The first thing we can do is get the home on the market for sale and make the sale contingent on you making a purchase. We’ll blast the home out there to our entire network of real estate agents and brokers to show to their buyers. Once you get an offer and accept it, we will then need to work quickly to find a home and get that offer accepted. This method can be tricky in a seller’s market like the one we are in because your buyer might get anxious if you can’t find a home quickly enough. There is another option. You can start by buying a home first and making a contingent offer on the home until your home sells. There is some risk here as well but not as much because homes are selling quickly, usually within 30 days. This makes it easier for sellers to accept contingent offers. It’s all about timing in this market. We’d love to help you line everything up perfectly. If you have any questions for me or you’re looking to buy and sell at the same time, I’d love to help. Just give me a call or send me an email today.
Views: 134 The Quintin Group
Contingencies when buying a home
 
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In this video Kartik Subramaniam of ADHI Real Estate School reviews the four contingencies when buying a home. Broadly, these are a disclosure contingency, an inspection contingency, an appraisal contingency, and a loan contingency. ADHI Schools is a California real estate school offering live and online real estate classes to prepare you for the real estate exam
Views: 3953 AdhiSchoolsLlc
What Does ''Contingent" Status Mean In Real Estate? || Real Estate Explained #10
 
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What does contingent mean for a status of a house that was for sale? J. Lucky Henry answers this question in today’s Real Estate Explained video. When an offer is made on a house, is the purchase process finished? Is it the buyer or seller who can lead to a contingent status? And is contingency a good or bad thing? J. Lucky Henry offers great real estate tips and education to help you understand contingency. Watch the video to learn how a home sale being contingent is a necessary part of the home buying process. Direct any and all questions via call or text to 978-712-0244 and for more questions, comments or concerns please visit our Real Estate Website: www.JLHRealtyGroup.com.
Views: 21 J. Lucky Henry
Home Buying Process -  Loan Approval - Removing the Loan Contingency
 
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Home Buying Process - Loan Approval - Removing the Loan Contingency Today I am talking about the conditional loan approval and removing the loan contingency. This is withing 21 days of opening escrow or withing the designated period on the final executed contract you signed. Once we have the conditional approval, generally the underwriter will not be asking us for in order to close so we can comfortably remove the loan contingency and put the sellers at ease about the deal closing. Hope you enjoyed the video, please like, comment and subscribe!
Views: 93 Hrak Yazedjian
3 TIPS for REAL ESTATE BUYERS | Real Estate Wisdom | by - Alex Lombrozo
 
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It's mid 2018, interest rates are up & prices are even higher than last year! It's still a seller's market! Why you ask??? Inventory is very limited. This means that if you're a buyer... There's only one thing you can do. Put yourself in a position to be a front runner when submitting offers on the good homes. Be tactical and get yourself a great agent (not just a good one) that will help you construct the right offer with supporting docs and execute a strategic and dynamic approach towards submitting and selling the focal points of your offer. Also, there's a reason why the most successful real estate agents tend to have personality... The counter agent (on the other side) will want to work with somebody with experience who is friendly and knows how to problem solve when a deal gets tricky but in a professional and friendly manor. Agents who lose their cool during difficulties can jeopardize your transaction. Get "pre-qualified" instead of "pre-approved." The difference is that when pre-qualified your lender has actually reviewed your income, credit, financial status and supporting documentation and even submitted it to a bank who has partially underwritten the loan and issued a series of conditions or terms that need to be met or verified in order for you to fund. Sellers and agents love to see this and they will know they're working with a ready, willing and able buyer who is prepared to close. If the listing agent is like me, often times they will want to speak to the lender to go over the loan scenario. Make sure your loan officer provides you with the added service of speaking to the listing agent on your behalf shortly after your offer is presented in order to make them feel confident of your qualifying ability. If you need to sell before buying, the guidance of an agent experienced in these kind of deals is imperative. Make sure they're equipped with strong communication skills that can inspire people with trust since the seller will be put in a very uncertain position with several variables that could cause the deal to fall. In most cases, selling before buying means that on your purchase you will have an overlaying contingency that will protect your earnest money deposit until you close on your home for sale. This can make the seller feel uncomfortable. My advice, list your home and market it with the following disclosure, "Sale is contingent on seller opening and closing escrow on a suitable replacement home. Closings will be concurrent. Both buyer and seller agree that seller has the right to cancel the sale of their home without incurring penalties should the aforementioned not take place." The more progress you've made on selling your current home the higher chances you have of getting your offer accepted on your purchase and this contingency clause will give you the piece of mind and protection you need in case you don't find the correct substitute home. Don't be ill-advised. A conversation with the right agent can be the difference between your successful closing! We're excited to call you our client! Don't be shy... Call us today. Alex & Angela Lombrozo - LIFE residential 619-977-7492 [email protected] www.LIFEresidentialSD.com
Buying Your Next Home Without Being Contingent
 
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Here's a mortgage option that will allow you to purchase your next home without being contingent THEN sell your current home and apply the equity...if you can financially afford it.
Views: 15 Sandy Chin
Porter Ranch Real Estate: Dealing with contingent offers?
 
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http://scotthimelstein.blogspot.com/2015/06/3-things-to-consider-when-selling-home.html - When it comes to selling a home in Porter Ranch, contingencies are becoming more and more common. As a seller, you need to know how to sift through these contingent offers and make them work with your goals. Today we want to give you three great tips for dealing with contingent offers as a seller. One of them is being flexible to the buyer's needs. To find out exactly how to sell your home easily with a contingent offer, watch this short video! Selling your Porter Ranch home? Check out our free home value report: http://scottworks4u.com/homeworth.aspx Buying a Porter Ranch home? Search all homes for sale: http://scottworks4u.com/show.aspx?url=http%3a%2f%2fidx123.realtytech.com%2f%3fuser%3dshimelstein Scott Himelstein Keller Williams Realty 19300 Rinaldi St. Suite L Porter Ranch,CA 91326 Phone: 818-993-1300 Mobile: 818-720-9922 [email protected]
Views: 59 Scott Himelstein
Ask the Broker: AAR Buyer Contingency Addendum 8 - 15 - 13
 
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Ask the Broker: AAR Buyer Contingency Addendum - In this webinar, Martha Appel, Broker of Record, reviews the AAR Buyer Contingency Addendum. This form describes the additional terms and conditions to be fulfilled if buyer's contract is contingent on the sale and closing of buyer's property or contingent on the closing of the pending sale of buyer's property
How to Buy a House | 10 Steps to do Once Your Real Estate Contract is Accepted | Home Buying Process
 
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How to Buy a House | 10 Steps to do Once Your Real Estate Contract is Accepted | Home Buying Process. Real estate agent and Realtor Matt Leighton talks about how to buy a house in today's video. Matt goes through 10 steps in the home buying process that you need to do once you go under contract (open escrow). Subscribe for more real estate videos - http://www.youtube.com/subscription_center?add_user=themattleighton Real Estate Continuing Education Online Classes: https://goo.gl/Cr4Tpf Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area [email protected] -- Find Matt here: https://instagram.com/TheMattLeighton https://www.snapchat.com/add/mpleighton https://www.facebook.com/TheMattLeighton https://twitter.com/TheMattLeighton https://www.linkedin.com/in/TheMattLeighton How to Buy a House | 10 steps to do Once Your Real Estate Contract is Accepted: 1. 0:40 - Don't celebrate 2. 1:26 - Write out all your contingencies 3. 2:10 - Deposit the Earnest Money Deposit (EMD) 4. 3:02 - Schedule the Home Inspection 5. 4:11 - Get your lender on speed dial 6. 5:08 - Stay in touch 7. 6:00 - Get the estimated cost of closing from the title company 8. 7:17 - Think logically, not emotionally 9. 9:09 - Confirm everything with the lender, title company, and real estate agent 10. 10:29 Schedule your final walk-through for a week before closing. MY EQUIPMENT LINKS TO AMAZON The camera I use - https://goo.gl/3n13gS The lens I use - https://goo.gl/hS8a1s The mic I use - https://goo.gl/kSeu8J The memory card I use - https://goo.gl/t4wdXj The camera flash I use - https://goo.gl/pi2gmj The gimbal I use - https://goo.gl/xKMj8t The gorilla pod I use - https://goo.gl/jLLL5q The intervalometer I use - https://goo.gl/EV2KWo The iPad I use - https://goo.gl/G9onPp Business inquires [email protected] Matt Leighton - Arlington VA Real Estate Agent Matt [at] Orange Line Condo dot com Century 21 Redwood Realty 1934 Wilson Blvd Arlington, VA 22201 https://www.youtube.com/watch?v=ss2jRa0fEgo
Views: 12697 Matt Leighton
Active properties vs. contingent properties, what's the difference?
 
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Active properties vs. contingent properties, what's the difference?
Views: 219 TaylorsRealEstate