May 21, 2013

Belvedere CA, Pending & Contingent Sales – Real Estate Contingencies

Pending Sales Belvedere Bolinas Corte Madera Greenbrae
Kentfield Larkspur Mill Valley Novato Ross
San Anselmo San Rafael Sausalito Stinson Beach Tiburon

View Belvedere, Marin County contingent and pending sales here. What are contingent or pending sales? They are homes that are under offer or contract of sale. The buyer has not released his contingencies yet, meaning that if he chooses to back out for any reason, he can. Usually without loss of any of his earnest money deposit.

These “contingencies” must be included in the contact to purchase to protect the buyer. One contingency is the ‘finance contingency’. Until you have 100% Underwriter Loan approval you should NOT remove this contingency. Another contingency is the ‘appraisal contingency’. This protects the buyer in case your Lender does not value the property as highly as you do. If the appraisal falls short of the purchase offer price you could ask the Seller to match the appraised value or back out of the deal with a full refund of your deposit.

The last major contingency is the ‘inspection contingency’. You should do all inspections that are important to yourself and the property you are buying. The main inspections are Pest Inspection and Home Inspection. Others that may be considered are Roof, Chimney, Pool, Foundation and even Soils Inspections. Marin Real-Estate recommends Engineered Soil Repairs for any suspect earth movement.

Contingencies protect you in case you cannot perform or choose not to perform and close escrow on a home. If you cancel a contract after you have waived ALL contingencies you could find yourself forfeiting your earnest money deposit, usually to a maximum of 3% in California. Once a Buyer has removed ALL contingencies, the home is ready to close escrow.

Showing properties 1 - 8 of 8. See more Belvedere CA Pending & Contingent Sales - Real Estate Contingencies.
(all data current as of 5/21/2013)

  1. 4 beds, 4 full, 1 part baths
    Home size: 3,592 sq ft
    Lot size: 12,053 sqft
    Year built: 2002
    Parking spots: 6
    Days on market: 18
    Listing provided by James Appenrodt, Laurel Realty & Investment
  2. 1 bed, 1 full bath
    Home size: 878 sq ft
    Lot size: 1,699 sqft
    Year built: 1962
    Days on market: 21
    Listing provided by Chris DeNike, Alain Pinel Realtors
  3. $1,195,000 : 96 Neds Way, Tiburon
    3 beds, 3 full baths
    Home size: 1,759 sq ft
    Lot size: 1,329 sqft
    Year built: 2002
    Parking spots: 2
    Days on market: 29
    Listing provided by Kathleen Beaver, Pacific Union International
  4. 3 beds, 2 full baths
    Lot size: 7,244 sqft
    Year built: 1954
    Parking spots: 2
    Days on market: 37
    Listing provided by Shana Rohde-Lynch, Pacific Union International
  5. 4 beds, 4 full, 2 part baths
    Home size: 5,280 sq ft
    Lot size: 25,700 sqft
    Year built: 1992
    Parking spots: 3
    Days on market: 47
    Listing provided by Toni Abruzzo-Ramirez, Decker Bullock Sothebys International Realty
  6. 4 beds, 3 full baths
    Home size: 2,702 sq ft
    Lot size: 17,402 sqft
    Year built: 1954
    Days on market: 50
    Listing provided by Rick Keefer, Pacific Union International
  7. 4 beds, 5 full, 1 part baths
    Home size: 5,310 sq ft
    Lot size: 22,216 sqft
    Year built: 1991
    Days on market: 64
    Listing provided by Isobel Wiener, Sotheby's International Realty
  8. 2 beds, 2 full baths
    Home size: 1,549 sq ft
    Year built: 1975
    Parking spots: 4
    Days on market: 112
    Listing provided by Linda Brown, Coldwell Banker-Mill Valley

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Alain Pinel RealtorsLuxury PortfolioLeading Real Estate CompaniesLuxury Real Estate

Listing information is deemed reliable, but not guaranteed.

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