What is a real estate cash contract?

Answer A cash contract constitutes a sale where the property owner acts as the bank and the mortgage clause is removed. The cash contract has no reference to buyer financing, thus allowing the seller to c... Read More »

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What is a real estate contract?

A real estate contract is a written agreement to purchase, sale or exchange real estate between parties. This contract is legally binding based on the conditions stated in the agreement.ComponentsA... Read More »

What Does Contract Pending Mean in Real Estate?

In real estate, the term "contract pending" means that the seller has accepted an offer from a buyer but the deal between the seller and buyer hasn't yet closed. Typically a contract would be "pend... Read More »

What is a real estate option contract?

A real estate option contract is an agreement in which a seller makes and keeps open an offer to sell a piece of real estate to a particular buyer. This contract is set for a fixed price and time p... Read More »

What is a contingency contract in real estate?

A contingency contract in real estate is essentially a clause within the document that enables the buyer to effectively cancel his obligation to move forward in the transaction. While the contingen... Read More »