Generally, contracts can make anyone nervous, however, a real estate agent can explain all the clauses within it and the contingencies that protect it when buying a property. Below we explain the most important:Inspection Contingency.Also called a “due diligence contingency,” gives the buyer the right to have the home inspected within a specified period, such as 5-7 days. It protects the buyer, who can cancel the contract or negotiate repairs based on the findings of a professional home inspector.
Appraisal Contingency. Protects the buyer, used to ensure a property is valued at a minimum, specified amount. If the property does not appraise for at least the specified amount, the contract can be terminated and the earnest money, in many cases, is refunded to the buyer.
Financing Contingency.Also called a “mortgage contingency,” gives the buyer time to apply for and obtain financing for the purchase of the property. This provides important protection for the buyer, who can back out of the contract and reclaim his or her earnest money in the event he or she is unable to secure financing from a bank, mortgage broker or another type of private lending.
House Sale Contingency.Although in most cases it is easier to sell before buying another property, the timing and financing don’t always work out that way. A house sale contingency gives buyers a specified amount of time to sell and settle their existing homes to finance the new one.
What Is the Halo Effect in Real Estate?In real estate, the Halo Effect refers to the phenomenon where a major urban project — like a park, cultural landmark, or transportation hub — creates a ripple of value across the surrounding neighborhood.Property prices, rental demand, and business activity all rise faster than in other areas, simply because of proximity to this new asset.Famous examples: • Central Park, New York City: Premiums of 30–50% on properties along the park. • The High Line, NYC: Properties nearby rose up to 10% faster than other Manhattan areas. • Millennium Park, Chicago: Triggered billions in...
VETERAN BROKER RELEASES NEW BOOK TO NAVIGATE MIAMI’S HIGH-STAKESPRE-CONSTRUCTION MARKETGuillermo Teran Shares Insider Strategies to Help Buyers and Agents Avoid Hidden Fees, Costly Mistakes, and Investment Pitfalls in Miami’s Competitive Pre-Construction SceneMiami (Aug. 14, 2025)–After over 30 years and more than 500 transactions, Guillermo Teran, Broker and Founder of the Avanti Way Pre-Construction Community, has released Miami’s Pre-Construction Blueprint, a new book and guide that equips investors, digital nomads, luxury buyers, and real estate professionals with insider strategies to navigate Miami’s pre-construction market confidently, avoid costly pitfalls and maximize returns.Miami’s pre-construction market is one of the most competitive and complex in the...
Every great tower begins with three key forces working in sync: 1. The Developer – Assembles land, vision, and capital 2. The Architect – Designs the building’s structure, functionality, and brand identity 3. The Builder / GC – Executes the vision, pours the concrete, and brings it to lifeWhen these three work in harmony, the project has a higher likelihood of being delivered on time, on spec, and with resale value intact.⸻🏗️ Top Condo Developers in South FloridaThese firms don’t just announce projects — they finish them. Here are the region’s most trusted high-rise developers:1. Related GroupMiami’s undisputed condo king...