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What Happens if the Inspection Contingency Expires on a Home Offer?

HomeLight

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?

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? Cesi Pagano , a real estate agent with over 30 years of experience in Orange County, California , says, “It’s important that buyers look at every detail.

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The Most Common Home Buying Real Estate Contingencies

Realty Biz

The home buying contingencies below should be completely understood before signing on the dotted line of a purchase and sale agreement. Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. Real Estate Contingencies Explained.

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How to Spot Serious Foundation Trouble

Hank Miller Team

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. There are more buyers waiving due diligence and purchasing homes "as is" than ever before. Several were chatting about offers.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

Jason Bragg , a top-selling agent in North Carolina’s Winston-Salem area, reports that cash offers are especially common in 2021 among buyers who are downsizing. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender. There’s no financing contingency.

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Tips for Buying a Foreclosure Property

Point2Homes

The real estate agent you choose to work with is even more important when buying a foreclosure. Specifically, a real estate agent who is experienced in helping buy foreclosures and who has a good knowledge of the local area will know when a home is a bargain. The Home Inspection. Getting the Right Help. Getting Pre-Approved.

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

HomeLight

Ken Crotts , a real estate agent with over 35 years of experience in Seattle , is passionate about helping buyers avoid bad home purchases. Inspections. Home inspections are the best way for a buyer to prevent getting a “lemon” house. Basic home inspections don’t cover everything , though. This isn’t recommended.