House Offer With Conditions In Wayne
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This stage can vary significantly in duration. While some pending listings may transition to sold within days, others might linger for weeks or even months. In rare cases, a pending status could last for years.
A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.
``Needs work'' is vague, but if it makes it into a listing description, it means more than just paint and refinish floors. It probably means paint, replace/refinish floors, and dated cabinetry or dated bathrooms. It could also mean that the roof and some of the mechanical systems need replacing.
5 tips for how to sell a house as-is Be upfront about the home's condition. Remember seller's disclosures. Keep things as tidy as possible. Know how low you can go. Find a trusted real estate agent.
A contingency clause should clearly outline the conditions, how the conditions are to be fulfilled, and which party is responsible for fulfilling them. The clause should also provide a timeframe for what happens if the condition is not met.
