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It is usually referred to as a Contingency Clause. This is common if the buyer must sell his current real estate in order to be qualified to purchase the subject property. If they have not negotiated to keep the property off of the market during this time period it is possible someone else may view the property and want to make an offer.
The contingency clause protects the seller from an indefinite (or lengthy wait while the buyer tries to sell his property, or find financing). If he receives an acceptable offer from another buyer (buyer # 2) , he can invoke the 48 hour contingency which gives the original buyer 48 hours to commit to buying and risk losing his earnest money if he fails to qualify; or to release the seller from the contract to accept buyer #2's offer.
What else can I help you with?
What does the abbreviation CTG stand for in real estate?
Contingency.
In real estate what does Ctg stand for?
CTG is an abbreviation for "contingency". The contingency could be a house to sell, house to close, financing, or short sale. This usually means the the seller has accepted a contract based on a contingency. Depending on the type of contingency, and terms of the accepted contract, the seller may have the option to continue to show the property in search for a non contingent offer.
How much does a real estate agent make per hour?
Nothing. They work on commission.
What does WIC stand for in real estate?
Most likely "walk in closet" if you see these letters in an ad or on a floor plan.
What websites have free real estate development plan examples?
www.jm2buyshouses.com We are always available to answer questions and share our success stories.
What does the abbreviation CTG stand for in real estate?
Contingency.
What is the purpose of the inspection contingency removal addendum in a real estate transaction?
The purpose of the inspection contingency removal addendum in a real estate transaction is to allow the buyer to remove the contingency related to property inspections once they are satisfied with the results. This signifies that the buyer is committed to purchasing the property regardless of any issues found during the inspection.
In real estate what does Ctg stand for?
CTG is an abbreviation for "contingency". The contingency could be a house to sell, house to close, financing, or short sale. This usually means the the seller has accepted a contract based on a contingency. Depending on the type of contingency, and terms of the accepted contract, the seller may have the option to continue to show the property in search for a non contingent offer.
Which is the best real estate companies in Saudi Arabia?
There are many real estate companies in Saudi Arabia. How big a project are you thinking of? By when do you plan to invest in the project?
How much does a real estate agent make per hour?
Nothing. They work on commission.
Where can I train in real estate appraisal?
The first thing you should do is to obtain a "trainee license" in the state in which you plan to appraise real estate. You can check with state's licensing board in order to find out how to go about this.
What is the typical hourly fee for a real estate lawyer in the State of Pennsylvania?
Attorney fees vary for real estate attornies in Pennsylvainia. However, you can expect to pay anywhere from $100 an hour upwards.
Which service's are offered through Hunt Real Estate?
They can offer you a course for getting a real estate license which is a 75 hour-long course. The new agents can get additional help from the professional trainer.
real estate?
real estate
What has the author Ernie Jowsey written?
Ernie Jowsey has written: 'Real estate economics' -- subject(s): Real estate development, Residential real estate, Commercial real estate, Real estate investment, Real estate business
What does WIC stand for in real estate?
Most likely "walk in closet" if you see these letters in an ad or on a floor plan.
Do you need a real estate license to start a real estate investment in Florida?
In most states, if you plan on just investing in real estate and not mainly on selling or brokerage in real estate you won't actually needs a license to do do. But you will need a help of a licensed and experienced real estate agent to help you in planning out your goals for your investments and studying the market. On the other hand, you can also take licensing classes to gain a license so that you would be educated about the current rules, market trends, legal processes and items that you need in gaining knowledge about real estate and investing.
