Remove Closing Remove Inspection contingency Remove Marketing Remove Rent back
article thumbnail

5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

The problem is, in today’s market there just aren’t that many homes available to purchase. Today’s market is dynamic and fast-paced. An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. Bottom Line.

article thumbnail

20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year

Redfin

markets waived the inspection contingency, compared with just 13.2% Winning offers waived the appraisal contingency at a similar rate—20.6%—up The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. In June, 19.9%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips to Help Buyers Successfully Navigate a Hot Real Estate Market

Realty Biz

There may not be enough houses on the market right now, but more are coming on the market every day. It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. When the market demands it, your highest offer should be at the high end of the market analysis.

article thumbnail

Buying in a Seller’s Market: 9 Ways to Win

Redfin

What is a Seller’s Market? A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. How has the pandemic affected the market?

article thumbnail

16 Tips to Win a Bidding War on a House

The Close

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. That’s not including the luxury market—the median sold price in my area in Florida is around $300,000. That could be a pretty sizable chunk of money from the seller’s profit.

article thumbnail

Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. You generally see those in a normal market.”

article thumbnail

Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. “Sellers don’t always understand the condition that their property should be in bringing onto the market,” says Thompson. Closing can take more than a month. Landscaping: 100 %. Garage door: 94%.