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  2. 72-hour clause - Wikipedia

    en.wikipedia.org/wiki/72-hour_clause

    A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...

  3. Can you back out of a house offer once it’s been accepted?

    www.aol.com/finance/back-house-offer-once...

    Real estate contingency. ... selling their own home first or the home appraising for less than the sale price. If you back out of an offer because an agreed-upon contingency failed to be met, you ...

  4. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    Another sale contingency – Purchase or sale of the real estate is contingent on a successful sale or purchase of another piece of real estate. The successful sale of another house may be needed to finance the purchase of a new one. Appraisal contingency – Purchase of the real estate is contingent upon the contract price being at or below a ...

  5. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    The seller, often in concurrence with the real estate agent, may choose to accept an offer that is lower than the highest offer for various reasons, such as terms or contingencies in the purchase contract offered or perceived differences in financial qualification of the competing buyers.

  6. What new Realtor ruling means for Columbus home buyers, sellers

    www.aol.com/realtor-ruling-means-columbus-home...

    The typical commission on an Ohio home sale is 6%, according to Clever Real Estate. ... a content team leader with Clever Real Estate, based in St. Louis, said Clever expects the ruling to lead to ...

  7. Conditional sale - Wikipedia

    en.wikipedia.org/wiki/Conditional_sale

    A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...

  8. Real Estate Experts: 5 Reasons You’re Getting Lowball Offers ...

    www.aol.com/real-estate-experts-5-reasons...

    The frenzied bidding wars of the pandemic-era real estate market are long gone. Home loans cost 7% today, and cautious buyers must make every dollar count. While there are still plenty of hot ...

  9. Contingent contract - Wikipedia

    en.wikipedia.org/wiki/Contingent_contract

    A contingent contract is an agreement that states which actions under certain conditions will result in specific outcomes. [1] Contingent contracts usually occur when negotiating parties fail to reach an agreement. The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions ...

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