Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It may take days or sometimes weeks for changes to appear on websites. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out, such as how long the property has been on the market, when it was last sold, what it sold for and more. Remember - as Top Real Estate Agents in Fort Lee, Englewood, Edgewater, Tenafly, Closter, Demarest, Leonia, Dumont, Cresskill, Bergenfield, Cliffside Park, Alpine, Norwood, Teaneck and surrounding Bergen County, it's our job to know more about a property than any website. Make sure that you have the most current information! 
Real Estate Contracts >Contingency Contracts
Buyers walk into your home in your area and fall in love with it. There is one problem--they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home. Should you accept such an offer?
Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house doesn't sell, can the buyers take out a bridge loan or make other arrangements to get to the closing table? How important is timing for you? Will the buyers agree to let you continue marketing your home and accept a non-contingent contract (and void theirs) if their house does not sell? Contingent contracts often work out well, but you need the help of a professional to weigh the pros and cons.
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| Q |
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?
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| A |
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property. |
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