Author: Home Bay

  • You may have heard the word contingency, but do you know what it means? Do you understand how they work? Do you know what the most common real estate contingencies are and how they affect your home sale? This post will explain all of that. First, let's define a contingency. Investopedia [http://www.investopedia.com/articles/personal-finance/102913/contingency-clauses-home-purchase-contracts.asp] gives a great, simple definition: "A contingency defines a condition or action that must be met in

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  • The contingency removal date is the date defined in the offer when the buyer will remove contingencies and commit to a firm intent to close escrow. Standard real estate contingencies [https://www.homebay.com/resources/real-estate-contingencies-how-they-impact-your-home-sale/] typically include the right to review title, inspect the property and review the seller's disclosure [https://www.homebay.com/resources/sellers-disclosure-real-estate-sale/] packet. The importance of the contingency rem

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  • The real estate term for an item that sells with a property is "convey". In every home sale, there are a number of default items that convey at closing. This post will provide some insight on what items typically sell along with a property. Fixtures and Fittings: The first category of items that convey with your property, titled fixtures and fittings, is outlined in your real estate contract [https://www.homebay.com/tips/everything-home-sellers-need-to-know-about-real-estate-offers] . If any of

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  • Each year, the National Association of Realtors produces a study that shows how buyers found the home they purchased. The study includes those listing without an agent or realtor, and those listing with. In the most recent survey [http://www.realtor.org/sites/default/files/Highlights-NAR-HBS-2013.pdf], it showed 11% of buyers found their home through a yard sign or open house.  So should you use a for sale sign? YES! Let's take a look at some more details. The fact that more than 1 out of every

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  • Not getting interest in your home as quickly as you were hoping to? That’s okay – we can help you figure out what’s causing your slow start. There are four main areas to consider if your home isn’t seeing much buyer activity: seasonality, unique traits, marketing and pricing.

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  • You say, "I want to sell my home fast." But do you understand what a “fast sale” in real estate means? In the hottest markets, a fast sale typically means you have money in your bank account 30 to 60 days from the time you list your home. Understanding this point and the conditions that can make your sale appreciably longer is the subject of this post in our Learning Center [https://www.homebay.com/resources/home-selling-expectation]. If you have not read it, do! Then read on for quick sale tips

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  • Should I Hold an Open House?

    By Home Bay

    Posted on October 30th, 2014

    When you're selling your own home, does it make sense to go through the trouble of holding an open house? Will doing so help you connect with lots of interested buyers? Are there other benefits or drawbacks that you hadn't already considered? Keep reading to find out. While open houses are a great way to attract a lot of people to your home, you'll find most of the foot traffic consists of curious neighbors and future buyers who haven't prequalified for a loan [https://www.homebay.com/resources

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  • Wondering what an appraisal contingency is? Want to know how it impacts your home sale? Looking to learn whether you should request to have this contingency removed from your real estate offer? Read this to find out. Appraisal Contingency: Defined An appraisal contingency is a standard real estate contingency [https://www.homebay.com/resources/real-estate-contingencies-how-they-impact-your-home-sale/] in any offer drawn up for any buyer who needs to obtain a loan to a purchase a home. It gives

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  • A California residential purchase agreement and real estate purchase agreements in all states include several strict deadlines that dictate when buyers must take certain actions. In California, when a buyer fails to comply with these time frames, the seller can prompt the buyer to complete the needed action by delivering a Notice to Perform. This post will explain what that is, when to use it and how it works. A Notice to Perform is a real estate tool designed to make buyers stick to agreed upo

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  • Wondering what an inspection contingency is, what it does, if you should counter it and how it impacts your home sale? Read this post to find out. An inspection contingency is a standard contingency [https://www.homebay.com/resources/real-estate-contingencies-how-they-impact-your-home-sale/] for any buyer who is purchasing a home. It gives the buyer the right to cancel escrow without penalty if they discover aspects of the home are not to their liking during this period. What Gets Inspected A

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