Windemere Buying

MAY 19, 2025

The agreed-upon contingencies included in the contract define what happens if something doesnt go as planned. Contingencies present a spectrum of options to home buyers, allowing them to walk away from a real estate transaction with their earnest money intact or renegotiate the contract.

Home sale contingency

Redfin

JULY 14, 2025

When that breach isn’t protected by a contingency, the seller may have the right to keep the earnest money as compensation for lost time and missed opportunities. Example scenario: The buyer waives the inspection contingency to make their offer more competitive. When does the buyer get earnest money back?

Earnest money deposit

Redfin

JULY 2, 2025

The below are common reasons that buyers back out of a home sale: Home inspection: If a professional home inspection uncovers structural defects, mold, pest infestations, or safety hazards, the buyer can invoke the inspection contingency. Financing: Even with pre-approval, buyers might fail to secure a mortgage.

Purchase and sale agreement

Redfin

JULY 21, 2025

These subtle signals can reveal more than formal feedback or agent summaries ever will. Their agent asks follow-up questions or requests more details 8. The buyer’s agent requests a pre-inspection Signs a showing went well FAQs 1. They show interest in the neighborhood 6. They mention decorating or renovation ideas 7.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Should a Buyer Look For at a Home Inspection? There are numerous reasons to have an inspection. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Inspection

Lighter Side of Real Estate

JULY 9, 2025

For a while now, buyers were waiving their inspection contingency just to stay competitive in bidding wars in many markets. While waiving inspections still happens in some areas and price points, it’s no longer the default move for every buyer. In fact, doing a home inspection is far more common than skipping one.

Inspection

Redfin

JUNE 23, 2025

You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. Due diligence money is paid to the seller, usually non-refundable, and compensates them for taking the home off the market during inspections. Table of contents What is due diligence in real estate?

Due diligence

Redfin

JUNE 27, 2025

Mortgage pre-approval serves several purposes: Determines how much you can afford to borrow Signals to agents and sellers that you’re more reliable Expedites the mortgage application process Locks in an interest rate for that specific period Here’s what to do instead: Take the time to get pre-approved by a lender before starting your home search.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Earnest Money and House Deposits Explained Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Earnest money deposit

Redfin

AUGUST 5, 2025

If there’s a lot of competition for that home you just can’t stop thinking about, making a clean, non-contingent offer on a home could work in your favor. But first, learn what contingencies are, why it’s risky to waive them and how you can use them to your advantage. What is a contingency? They need to be flexible.

Earnest money deposit

Redfin

JULY 10, 2025

Earnest money is a refundable deposit held in escrow to show your serious intent to buy, while due diligence fees are usually non-refundable payments made directly to the seller to secure time for inspections and evaluations. Whether earnest money is refundable depends on the contingencies in the purchase agreement. Is it refundable?

Due diligence

Redfin

JULY 16, 2025

Key takeaway: Once a home is under contract, the seller is legally bound to the agreement and cannot accept another offer – unless specific clauses or contingencies allow it. Under contract stage: Once under contract , the primary buyer is locked in unless contingencies fail. Generally, no.

Backup offer

Redfin

JUNE 17, 2025

This delay is the result of the due diligence period, where the buyer will conduct inspections and other research before actually signing any papers. For example, if the home inspection reveals extensive repairs, the buyer may be able to terminate the agreement due to a home inspection contingency.

Closing

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Should I Waive My Home Inspection When Buying A House? Should I Have A Home Inspection When Buying A House Buying a home is a significant investment and one you want to be happy with.

Inspection

Redfin

MARCH 4, 2025

That means there’s no home inspection or appraisal. Youll need to coordinate with your real estate agent in order to tour these properties. Buying a home comes with many decisions, and one option worth considering is purchasing a foreclosed property. What is foreclosure? Why buy a foreclosed home?

Pre-approval

Redfin

JULY 9, 2025

Find a real estate agent Estimated time: 1-2 weeks A buyer’s agent is a licensed real estate agent who represents your best interests throughout the home buying journey. Ask for referrals from friends and family, read online reviews, and interview a few agents. What is your commute tolerance? Are there must-have features?

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

Hiring a Real Estate Agent When buying a property, the right buyer’s agent will save you time and, perhaps more importantly, money. Before you hire a real estate agent, meet with them to discuss your requirements before you choose. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Purchase and sale agreement

Redfin

JUNE 25, 2025

Buying a home is an exciting adventure but it often comes with surprises during the property inspection. From sneaky leaks to electrical quirks, the most common home inspection problems include structural damage, roof and plumbing issues, outdated electrical panels, HVAC concerns, water damage, termites, safety hazards, and drainage problems.

Inspection

Redfin

JUNE 17, 2025

The short answer to whether you should accept a contingent offer on your house is that it depends. If you haven’t had a ton of offers, it’s okay to accept a contingent offer as there’s no real drawback aside from the deal potentially falling through. In this article: What is a contingent offer?

Inspection contingency

The Close

MARCH 11, 2025

Weve identified six steps for how to find for sale by owner homes, along with the advantages and disadvantages of navigating the FSBO process without a real estate agent involved. Step 1: Select Your Target Area The location of an FSBO property is a significant factor to consider when starting the buying process.

Sales

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. Top 11 Winter Home Buying Mistakes To Avoid Buying a house, no matter the season, is no easy feat. Since it is a long-term commitment, you have to put a lot of thought and time into it to avoid having any regrets later.

Inspection

Redfin

AUGUST 4, 2025

A professional home inspection will reveal potential issues such as roof damage, plumbing problems, or outdated systems. Never skip the inspection — it’s one of your best tools in determining how to negotiate real estate price with confidence. Do your homework before you make an offer Negotiation begins long before you submit an offer.

Earnest money deposit

Redfin

JULY 21, 2025

These include contractual protections like contingencies, state-specific allowances like the option period, and financial repercussions such as forfeiting earnest money. These include contractual protections like contingencies, state-specific allowances like the option period, and financial repercussions such as forfeiting earnest money.

Earnest money deposit

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. Top Frequently Asked Questions From Home Sellers It’s known that the home buying process comes with many frequently asked questions and the home selling process is no different. Many times the best way to understand the process and be well-prepared is by asking questions.

Purchase and sale agreement

HomeLight

FEBRUARY 20, 2025

Youve just found your dream home and are finalizing your offer when your real estate agent calls with concerning news. To sweeten your offer, you may be considering waiving the appraisal contingency, promising not to walk away from the deal if the appraisal comes in below your offer price. What is a contingency?

Inspection contingency

Keeping Current Matters

NOVEMBER 30, 2020

Listen to Your Real Estate Agent. As soon as you find the right home for your needs, be prepared to work with your agent to submit an offer as quickly as possible. There are, however, certain contingencies you don’t want to forego. Here are five keys to success for this important stage in the homebuying process. Bottom Line.

Inspection contingency

Keeping Current Matters

JUNE 21, 2021

A skilled agent will do everything they can to help you stay on top of every possible opportunity. And, as soon as you find the right home for your needs, that agent will help you draft and submit your best offer as quickly as possible. Just remember, there are certain contingencies you don’t want to forego. Bottom Line.

Inspection contingency

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

Inspection

Keeping Current Matters

SEPTEMBER 15, 2021

After you’ve worked with your agent to find the home that suits your needs, they’ll help you put together and submit your best offer as soon as possible. After you’ve worked with your agent to find the home that suits your needs, they’ll help you put together and submit your best offer as soon as possible. Know Your Budget.

Inspection contingency

Keeping Current Matters

MARCH 15, 2021

The expertise your agent brings to this part of the process will help you stay competitive: “Your agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sale prices in the area.”. Understand Your Finances. offers and is on the market for just 21 days.

Inspection contingency

HomeLight

JANUARY 26, 2024

For this reason, most contracts contain an inspection contingency clause. But what happens if the inspection contingency expires? If this contingency period lapses before you’ve finalized your decisions, will you lose your deposit? Get Started How does an inspection contingency work?

Inspection contingency

HomeLight

OCTOBER 30, 2020

Selling a house “as is” without inspection is the definition of driving a hard bargain. As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen. Why ‘as is’ doesn’t always mean no inspection. However, a buyer could still include an inspection contingency in the contract.

Inspection

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. Your buyer and seller will undoubtedly have questions regarding selling a house as-is. ” for your clients. What Does It Mean to Sell a House As-is?

As-is

HomeLight

DECEMBER 29, 2023

Louis, Missouri agent who sells homes 56% faster than the average agent in her area. “It’s This preference or requirement is communicated either in the marketing remarks or hidden agent remarks that are not published to the public on sites. They’re not published, only the agent can see it in the listing on the end.

As-is

Realty Biz

MARCH 19, 2021

Typically, the onus has always been on the buyer to pay for the home inspection once their offer has been accepted, but that can lead to a longer wait before closing, and also negotiations over the cost of repairs if any issues with the home are surfaced. Due to this, waiving the home inspection has emerged as a common tactic among buyers.

Inspection

HomeLight

AUGUST 24, 2022

According to Todd Auslander , who completes 27% more sales than the average Stamford, Connecticut agent, selling a house ‘as is’ in Connecticut is mostly done when the owner inherits the house, lives out of state, or the house is in really bad condition. No but agent write ‘as is’ in the remarks section according to Auslander.

As-is

HomeLight

JUNE 9, 2023

But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” ” So, what does contingent mean in real estate? A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet.

Home sale contingency