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UNDERSTANDING THE TERMS AND TERMINOLOGIES USED IN REAL ESTATE (PART 1) • CONTINGENCIES A Contingency in real estate means a clause in the agreement specifying an obligation only if the specified obligation is met, the contrast becomes legally binding. In contingencies, the counter offer and the offer is very important. Contingent means "dependent on or conditioned by something else". In real estate, it means that the buyer and seller have agreed to the terms of a purchase and sale agreement, but only if certain conditions are met. PURPOSE OF CONTINGENCY Contingencies are a safety net for buyers, allowing them to withdraw from the deal if unexpected issues arise. They protect all of the parties involved in a real estate contract. EXAMPLES OF CONTINGENCIES Contingencies can include: 👉The buyer securing financing 👉The home passing an inspection 👉The buyer selling their current home 👉The property having a clear title WHAT HAPPENS IF CONTINGENCIES AREN'T MET? If the contingencies aren't met, the buyer is free to walk away and the house would typically go back on the market. See you in the next class. 👩🏻🏫 SEEDUFY-WEALTH REAL ESTATE RC:7133794 OUR SERVICES INCLUDE: 👉 Land Buying 👉 House Buying 👉 Property Renting 👉 Property Sales 👉 Property Development 👉 Property Management 👉 Property Renovation 👉 Valuation (Know the worth of your property) CONTACT US TODAY!!! Visit our website to request for a consultation. 🌐 Https://SeedufyWealth.com 📩 Email: Seedufy@SeedufyWealth.com

We take pride in our commitment to streamlining the real estate process and ensuring seamless transactions for our clients. Here's why we stand out from the crowd: 1. Expertise and Experience: With years of experience in the real estate industry, our team of transaction coordinators brings unmatched expertise to every transaction. We stay up-to-date with the latest regulations and market trends, ensuring our clients receive the highest level of service and guidance throughout the entire process. 2. Personalized Approach: We understand that every client and every transaction is unique. That's why we take a personalized approach to each case, tailoring our services to meet the specific needs and preferences of our clients. 3. Attention to Detail: At Agent Hub Co., we leave no stone unturned. From managing paperwork and deadlines to coordinating inspections and negotiations, we handle every aspect of the transaction with precision and attention to detail. Our thorough approach ensures that nothing falls through the cracks, giving our clients peace of mind throughout the process. 4. Seamless Communication: Communication is key in real estate transactions, and we excel in keeping all parties informed and updated at every stage. Our team acts as a central point of contact, facilitating clear and open communication between buyers, sellers, agents, and other stakeholders. With us on your side, you can rest assured that everyone is on the same page, leading to smoother transactions and fewer misunderstandings. We're committed to making your real estate transaction a stress-free and successful experience. Contact us today to learn more about how we can help you achieve your real estate goals.

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https://lnkd.in/ezXPimeS The Residential Buyers Journey We realize that buyers don't buy properties everyday so it is important that they know exactly how to proceed when they purchase. I spoke with some buyers today and they are so nice, but they don't know what they don't know so we put together this helpful overview of the Buyers Journey. Topics Include: Negotiate and Go Under Contract (How To Get There) Inspection and Repairs (How To Navigate) Termite and CL100 Clear (What Does That Mean) Appraisal and Funding (How This Works) Closing (When You Win) Ask as many question as possible, better to measure twice and cut once.

https://lnkd.in/ezXPimeS The Residential Buyers Journey We realize that buyers don't buy properties everyday so it is important that they know exactly how to proceed when they purchase. I spoke with some buyers today and they are so nice, but they don't know what they don't know so we put together this helpful overview of the Buyers Journey. Topics Include: Negotiate and Go Under Contract (How To Get There) Inspection and Repairs (How To Navigate) Termite and CL100 Clear (What Does That Mean) Appraisal and Funding (How This Works) Closing (When You Win) Ask as many question as possible, better to measure twice and cut once.

https://lnkd.in/ezXPimeS The Residential Buyers Journey We realize that buyers don't buy properties everyday so it is important that they know exactly how to proceed when they purchase. I spoke with some buyers today and they are so nice, but they don't know what they don't know so we put together this helpful overview of the Buyers Journey. Topics Include: Negotiate and Go Under Contract (How To Get There) Inspection and Repairs (How To Navigate) Termite and CL100 Clear (What Does That Mean) Appraisal and Funding (How This Works) Closing (When You Win) Ask as many question as possible, better to measure twice and cut once.

https://lnkd.in/ezXPimeS The Residential Buyers Journey We realize that buyers don't buy properties everyday so it is important that they know exactly how to proceed when they purchase. I spoke with some buyers today and they are so nice, but they don't know what they don't know so we put together this helpful overview of the Buyers Journey. Topics Include: Negotiate and Go Under Contract (How To Get There) Inspection and Repairs (How To Navigate) Termite and CL100 Clear (What Does That Mean) Appraisal and Funding (How This Works) Closing (When You Win) Ask as many question as possible, better to measure twice and cut once.

https://lnkd.in/ezXPimeS The Residential Buyers Journey We realize that buyers don't buy properties everyday so it is important that they know exactly how to proceed when they purchase. I spoke with some buyers today and they are so nice, but they don't know what they don't know so we put together this helpful overview of the Buyers Journey. Topics Include: Negotiate and Go Under Contract (How To Get There) Inspection and Repairs (How To Navigate) Termite and CL100 Clear (What Does That Mean) Appraisal and Funding (How This Works) Closing (When You Win) Ask as many question as possible, better to measure twice and cut once.

When inspecting a home, handle conversations with real estate agents 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙘𝙖𝙡𝙡𝙮: 𝗕𝘂𝗱𝗴𝗲𝘁: Don't reveal exact figures; it limits negotiation leverage. 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗢𝗽𝗶𝗻𝗶𝗼𝗻: Stay non-committal to maintain flexibility. 𝗢𝘁𝗵𝗲𝗿 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀: Be vague about your interests to keep agents guessing. 𝗕𝗶𝗱𝗱𝗶𝗻𝗴 𝗛𝗶𝘀𝘁𝗼𝗿𝘆: Avoid sharing past bids to keep your budget private. 𝗣𝗿𝗶𝗰𝗲 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀: Don’t speculate on selling price to avoid revealing your budget. 𝗢𝗳𝗳𝗲𝗿 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁: Stay non-committal to prevent agents from gauging your budget. 𝗖𝗼𝗻𝗰𝗲𝗿𝗻𝘀: Don't disclose property issues to retain negotiation points. 𝗕𝘂𝘆𝗶𝗻𝗴 𝗧𝗶𝗺𝗲𝗹𝗶𝗻𝗲: Avoid appearing rushed to prevent pressure for quick decisions. 𝙃𝙚𝙖𝙙𝙞𝙣𝙜 𝙩𝙤 𝙖𝙣 𝙞𝙣𝙨𝙥𝙚𝙘𝙩𝙞𝙤𝙣? 𝙆𝙚𝙚𝙥 𝙩𝙝𝙞𝙨 𝙜𝙪𝙞𝙙𝙚 𝙝𝙖𝙣𝙙𝙮. Read more

https://lnkd.in/ezXPimeS The Residential Buyers Journey We realize that buyers don't buy properties everyday so it is important that they know exactly how to proceed when they purchase. I spoke with some buyers today and they are so nice, but they don't know what they don't know so we put together this helpful overview of the Buyers Journey. Topics Include: Negotiate and Go Under Contract (How To Get There) Inspection and Repairs (How To Navigate) Termite and CL100 Clear (What Does That Mean) Appraisal and Funding (How This Works) Closing (When You Win) Ask as many question as possible, better to measure twice and cut once.