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Most common contingencies buyers request

Oct 10, 2017
Ninety-one percent of closed sales in August contained a sales contingency, allowing a buyer or seller to back out of the contract if certain conditions were not met. This percentage was reported in the August 2017 REALTORS Confidence Index Survey. 

The most common contract contingencies in August were related to passing home inspections (19 percent); the buyer obtaining financing (19 percent); and appraisal contingencies (15 percent).

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Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

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