Articles Tagged "Contingent Listings"

As the holiday season lights up our lives, you may think buying or selling a home is the last thing on someone's mind. While our real estate agents understand that most individuals are quite busy during this time of the year, we want all of our potential clients to know that we're working around the clock to make their real estate goals come true. In fact, we've helped many men and women add buying or selling a new home to their holiday checklist. Have you been wondering whether or not you should wait until 2021 to follow through on your real estate plans? 

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Buying and selling real estate often involves walking a tightrope of good timing. Can you sell your current home in time to avoid double mortgage payments? Will you have enough money for a down payment when your landlord is ready to sell?

Contingent offers and first right of refusal are tools designed to help level the playing field, but they have different implications. Our real estate agents demystify contingent offers and how they can affect your negotiations on Brighton homes for sale.

What Is a Contingent Offer?

"Contingent" refers to a condition fulfilled only upon the occurrence of another condition. In real estate, contingent offers attach a specific condition or conditions required before the sale is finalized. Typical contingencies include passing inspection, loan approval, and sale of the buyer's home. These often involve first right of refusal.

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Every now and then when you are searching for a home, you will see the term "contingent," which can be confusing for anyone new in the real estate industry. A contingency simply means that a certain condition needs to be met before a buyer can finalize the purchase of a home. If the contingency isn't met, the house will still be available for sale on the open market. Here are just a few of the most common contingencies and how our REALTORS® can help guide you throughout the entire home buying process.

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