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Top 10 ways to get homebuyers to work with you

Housing Wire

In today’s market, having a preapproval, at the minimum, is a must. Should they consider new construction? Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. Should they buy first or sell first?

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How much cash matters in a bidding war

Housing Wire

And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. You won’t win the bidding war.

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done.

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. The home inspection can lead to some delays in the process, too, for around 10% of cases.

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How to Spot Serious Foundation Trouble

Hank Miller Team

The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets. Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. The buyer is spending money and possibly losing the deal.

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Ask Brian: Will 2021 be a Good Time to Buy a House?

Realty Biz

Question from Bethanny in WA: Hello Brian, the 2020 housing market has been afflicted with low inventory, rising home prices, endless bidding wars, and of course the coronavirus. The biggest variable will probably be employment levels that will determine the number of buyers chasing the limited number of homes on the market.

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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Inspections. Home inspections are the best way for a buyer to prevent getting a “lemon” house. Basic home inspections don’t cover everything , though. In a fast-paced seller’s market, sometimes buyers will forgo an inspection contingency in order to make their offer more attractive to the seller.