Here are five things that everyone should know about NoVa real estate.Looking to buy a home? Click here to view all homesLooking to sell your home? Get a free home value report hereI’ve got a
Watch here to learn "What is a Contingency in a Real Estate Contract"
Dated: June 19 2020
Watch this video to learn "What is a Contingency in a Real Estate Contract"
Real Estate Contracts are Confusing. A real estate contract contingency is part of that agreement of sale that outlines a condition or action that must be met for a real estate contract to become more binding. Watch this video to learn more about what is a real estate contingency. There are many contingencies within a real estate offer or real estate contract. A real estate offer become a real estate contract contingent first on all parties agreeing on the terms then initialing and signing off on all the contract pages. Once its official and all parties sign and agree, the home becomes under contract and there are time requirements and negotiations that occur that make the contract more binding. A home sale contingency, appraisal contingency, finance contingency, home inspection contingency and HOA document review contingency are the most common and routine contingecies of real estate contracts. Watch this video to learn more about what is a real estate contingency. When you are thinking of buying or selling a home , you can contact us to schedule a buyer or seller consultation. Since most people buy or sell real esate only a few times in their life, most people find the real estate contracts confusing. Here at the Kim Barber Group we are very well versed and master certified negotiation experts (MCNE), which is important to know when considering whom to hire as your buyer agent, or hire your listing agent. A real estate agent and we can help you through the process and during negotiations make sure that you are protected and well versed in the various contingencies that can impact the home sale.
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