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What Does Under Contract Mean in Real Estate?

Raleigh Realty

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Why You Should Use a Real Estate Attorney to Sell Your Home

Lamacchia Realty

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! Again, this is a legal document that needs to be done right!

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9 Things to Know Before Selling a Home For Sale by Owner

Raleigh Realty

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. For example, buyers may make an offer on your home that is contingent on your house passing a home inspection.

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7 Takeaways: What Does Contingent Mean in Real Estate? (Video)

Raleigh Realty

In every market though, things happen where homes that are under the contract may not reach the closing table and the contingency clause usually protects the buyer and sometimes the seller in the event the parties decide to terminate. The seller does not have the ability to accept another offer. What Does Pending Mean in Real Estate?

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’Where the rubber meets the road’: New Hampshire brokers reflect on the NAR settlement

Housing Wire

“Everyone is adapting and coming up with business models and trying to settle in, and I think we are going to know a lot more about how this is going to really work a year from now,” said Matt Johnson, NHAR’s legal counsel. “So, If you want to go any further, then we’ll have to enter into a contract.”

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Find Out What Really Happens When You Waive Contingencies to Score a Home

Realtor

I would never allow my sellers to agree to it,” says Katie Wethman , a Realtor® with The Wethman Group at Keller Williams Realty in McLean, VA. Contingency: Home inspection. The right to get a full, professional home inspection—and flee into the night if new and horrifying info comes to light—is a crucial contingency.

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