Point Richmond, CA

POINT RICHMOND REAL ESTATE-WHAT IS CONTINGENT VS. PENDING

Many clients are mystified by what the difference between a property that is contingent versus one that is pending. Hopefully, I can clear some of that confusion up for everyone. When you as a buyer place an offer on a property and a seller accepts, you are given a certain number of days to complete your contingencies. A contingency can be an inspection, an appraisal, loan verification, etc. Typically in California the purchase contract allows for standard timeframes for each contingency.

Acceptance begins the day after the acceptance date. So if you get a contact back from the seller on May7th, the clock starts ticking on your contingency period begins on May 8^th.

LOAN APPLICATION, meaning within seven days after acceptance, buyer must provide seller with a letter stating that they are pre-approved with a lender for the NEW loan amount of the property. This is to be done in 7 days after acceptance.

VERIFICATION OF DOWN PAYMNENT AND CLOSING COSTS, buyer shall provide verification via a bank statement, that they do in fact have the funds needed to close the deal. This is to be done in 7 days after acceptance.

APPRAISAL AND CONTINGENCY REMOVAL, meaning that the offer is conditional on the property appraising at no less than the offer price. If it does appraise lower, you have the right to ask seller to sell it to you at appraised price. But know that they also have the right to say no. This is to be done in 17 days after acceptance.

INSPECTION PERIOD, meaning the time that, you as a buyer have to order, complete and review all inspections of a property. This means, your home inspection, roof inspection, pest/termite inspection and any other inspections you choose to have completed. This shall be completed within 17 days after acceptance.

At the end of the 17 days, if this is the timeframe that you have agreed upon, you will sign a REMOVAL OF CONTIGENCIES, stating that you are satisfied with the condition of the property and are choosing to proceed with purchase. If you want to ask for repairs, you need to do it in this timeframe. Once you do this removal, the property is changed to pending. Pending is the time when go to work to finalize everything and get ready to record your home with the county.

ONCE YOU REMOVE CONTIGENCIES, SELLER RESERVES THE RIGHT TO RETAIN YOUR DEPOSIT.

THIS IS WHY YOU NEED A COMPETENT AND EXPERIENCE REALTOR TO KEEP TRACK OF THIS FOR YOU.

For more information on Point Richmond real estate, please contact via phone, email or text. To see what's for sale throughout Point Richmond real estate, please visit my website at: www.soldbynicole.com and click on search the MLS. If you are looking to sell your Point Richmond home and want to know how much your current Point Richmond home is worth, click on CMA and I will happily provide you with a complimentary, no obligation, "Current Market Analysis" of Point Richmond home. I also write a blog about market statistics for most of the bay area markets. Click here to view my blog: http://activerain.com/blogs/nicolemonary

The June 2009 median home price in Pleasant Hill CA was $434,950 for single family detached homes*. There were 18 home sales (down from 27 last month) of single family detached homes in Pleasant Hill CA, the highest priced home sold for $580,000 the lowest price home sold for $273,500. The average selling price of detached single family homes for June 2009 in Pleasant Hill California was $430,083. Your Pleasant Hill California real estate market update was written July 5, 2009. These homes were on the market an average of 67 days. See below for information on single family homes sold on the low and high end.

What did 2093 Ahneita Dr. in Pleasant Hill CA sell for? 2093 Ahneita Dr. in Pleasant Hill CA sold for $273,500 after 10 days on the market:

What did 1931 Arditha Drive in Pleasant Hill CA sell for? 57 Dobbs Drive in Pleasant Hill CA sold for $580,000 after 3 days on the market:

There are currently 64 single family detached homes pending sale in Pleasant Hill CA (or under contingency contract). The list price of these homes ranges from $269,600 to $875,000 and the median home price for single family homes pending sale in Pleasant Hill CA is $424,000.

The June 2009 median home price in Pleasant Hill CA was $298,000 for attached homes including condos and townhomes. There were 4 attached units sold (all condos and townhomes), the highest priced unit sold for $350,000 and the lowest price unit sold for $130,000. The average selling price of attached homes for June 2009 in Pleasant Hill California was $269,000. See below for information on attached homes sold on the low and high end.

250 Chilpancingo Parkway Unit 4 in Pleasant Hill CA sold for $130,000 after 195 days on the market:

123 Glenbridge Court in Pleasant Hill CA sold for $350,000 after 29 days on the market:

Click here to receive monthly Pleasant Hill CA real estate market updates
Click here to request a current list of homes for sale in Pleasant Hill

Home Sales volume and home sales activity is UP in Pleasant Hill CA! There are currently 23 attached homes pending sale in Pleasant Hill CA (or under contingency contract). The listing prices of these homes ranges from $119,900 to $560,000 and the median home price for attached homes pending sale in Pleasant Hill CA is $324,950.

As of July 5, 2009 there are currently 81 properties on the market in Pleasant Hill CA (up from 63 last month). 56 of these are single family homes with a median list price of $565,000 for single family homes in Pleasant Hill CA, although these homes are priced from $275,000 to $999,995. 15 of these are attached homes with a median list price of $289,000 and the homes range in price from $115,000 to $399,000.

Recent archives of Pleasant Hill CA Real Estate Market Updates and Homes for Sale in Pleasant Hill CA include:

May 2009 Pleasant Hill CA real estate market snapshot and homes for sale in Pleasant Hill CA
April 2009 Pleasant Hill CA real estate market snapshot and homes for sale in Pleasant Hill CA
March 2009 Pleasant Hill CA real estate market snapshot and homes for sale in Pleasant Hill CA
February 2009 Pleasant Hill CA real estate market snapshot and homes for sale in Pleasant Hill CA
January 2009 Pleasant Hill CA real estate market snapshot and homes for sale in Pleasant Hill CA
December 2008 Pleasant Hill CA real estate market snapshot and homes for sale in Pleasant Hill CA
November 2008 Pleasant Hill CA real estate market snapshot and homes for sale in Pleasant Hill CA

Buying or selling a home in Pleasant Hill CA or Pleasant Hill CA real estate, contact me as I am a skilled agent, offering extensive knowledge and strong negotiation skills who is truly focused on "Getting You Where You Need to Be!"

Contact Vickie Nagy REALTOR®, ABR, CRS, GRI e-PRO, SRES - CA DRE Lic. # 01363932

(925) 407-7987 or click to e-mail Vickie Nagy

Please contact Vickie Nagy for all of your real estate needs in Pleasant Hill, Walnut Creek, Concord, Marinez, Orinda, Moraga, Alamo, Danville, San Ramon, Dublin and Pleasanton,. Search the MLS - Keller Williams Realty

Visit Pleasant Hill CA Real Estate for median home prices, local information & featured listings.

Click here to search for REO properties and foreclosures in Pleasant Hill CA

* Based on information from the Contra Costa Association of REALTOR'S® MLS (for the monthly period from the first through the last day of the month). Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.