Buying a home or investing in real estate is a powerful way to build equity and long-term wealth. If you've ever considered buying a home, you've probably heard the term contingencies. And while ...
In real estate transactions, the term “contingency” comes up a lot. Why do you hear it so often, and what does it mean? A contingency is a clause added to the contract to give the parties the option ...
How they work and the pros and cons for buyers and sellers Fact checked by Suzanne Kvilhaug Reviewed by Julius Mansa A home sale contingency is a clause that is often included in a real estate sales ...
A kick-out clause is a clause written in real estate contracts, usually in the context of home sales. It applies when someone has made a contingent offer to buy the house. The kick-out clause says ...
Dear Monty: Our home just went up for sale 10 days ago. We have had two showings. We just received an offer for our asking price, which is acceptable. We are hesitating because the buyer has a home to ...
When you’re shopping for a home, you might not be able to tell your chances of buying the home from the listing. That’s because properties have different listing statuses that are on a spectrum from ...
Buying a home is exciting, but you might be concerned about making an offer only to find out the home needs costly repairs and isn’t worth the price. It’s impossible to know a home’s true value until ...