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It’s a seller’s market: What does that mean for contingencies?

Housing Wire

These contingencies are all designed to protect you as a borrower — to make sure you’re getting a safe and habitable property, that you have the funds to pay for it, and that you’re not stuck paying two mortgage payments at once. Here’s what to think about: Contingent offers and how they affect your deal. Sellers can have contingencies, too.

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6 Strategies for Representing Buyers in Today’s Market

RIS Media

For best results, host a training class or have a sales meeting discussion to review the following six buyer strategies designed to provide the highest value and achieve their buyer’s objectives for purchasing a home: Over-communicate how to compete as a buyer in today’s market. Be relentless and resourceful.

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

HomeLight

Inspection contingency: This grants the buyer the right to have a professional home inspection, and then allows them to renegotiate the price, ask the seller to complete repairs (neither of which the seller is obligated to do), or back out of the contract entirely if the inspection reveals more dramatic issues.

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

Others perform a home inspection while their competitor skips one. They offer a quick closing process designed to suit home sellers who need a fast transaction or just don’t want to be bothered with the fuss of listing. Like Opendoor, they typically perform a home inspection before finalizing their offer.

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I Have to Make an Offer Contingent Upon Selling My House. How Do I Sweeten the Deal?

HomeLight

There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky. In a seller’s market, homebuyers are waiving inspection contingencies , financing contingencies, and sales contingencies. Ask for a rent-back clause.

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Buying a House Online? How to Get it Done in 15 Steps

HomeLight

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

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Why Hire a Real Estate Agent? 11 Reasons Why Buyers Should Work With A Pro

HomeLight

Guide you through the steps of due diligence and inspections. They can recommend movers, interior designers, contractors, and other professionals for all your home maintenance and service needs.”. What if you could sweeten the deal for a seller by offering them a rent-back clause ? And lots more! Michael Berg.

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