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

HomeLight

To succeed in getting a seller to consider your offer, you need to work in advance with your real estate agent to assess the best bargaining tools to entice the seller to move your offer to the top of the list. The contingency allows you to walk away without penalty if you can’t secure financing to buy the house.

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5 Killer Tips For Beating a Cash Buyer

Realty Biz

To make an informed decision, it’s important to understand the following: 1) What is the inventory of houses for sale? Lean on your buyer’s agent for what they have seen with other properties. Escalation clauses are often included in house purchase agreements to allow you to go over other offers by a set amount of money.

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Buying and Selling a Home at the Same Time

Windemere Selling

Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in.

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Hot Housing Market Leaves People Afraid to Trade Up

Realtor.com

from a year earlier, and the number of homes for sale fell to record lows earlier this year. That scarcity has helped lift home prices to all-time highs and has started to slow down the pace of sales. But sellers today often receive multiple bids, and those with contingency clauses are unlikely to be accepted, agents say.

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6 Options to Consider When Selling and Buying a Home in a Seller’s Market

Redfin

I always advise potential sellers to look at the homes on the market, and if they don’t see anything they like, I recommend that they wait to list until they do,” said Portland, OR Redfin real estate agent Rebecca Walter. In a seller’s market, you may be tempted to put an offer on a home that’s contingent on the sale of your current home.

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

Redfin

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. 2) Get a Great Real Estate Agent. Your buyer’s agent can provide you with keen insights into specific neighborhoods, such as walkability, schools, and other local amenities.

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What Is a Home Sale Contingency?

HomeLight

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.