20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year

Redfin

of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency, compared with just 13.2% Winning offers waived the appraisal contingency at a similar rate—20.6%—up

5 reasons buying sight unseen isn’t as risky as you think

Inman

Agent Opinion Select Service 3d tours as-is offers buying site-unseen digital open houses financing contingencies homebuying homes.com inspection contingencies making an offer working with buyers

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‘A slippery slope’: 14 pros weigh in on biggest contract mistakes

Inman

We reached out to industry professionals across the country to find out what contract details agents are getting wrong in today's market. Are you writing an error-free, winning offer?

How to execute an effective walk-through inspection

Inman

A walk-through inspection won't uncover everything a full inspection would, but it can still help reduce buyer risk in a hot market. Here's how to make the most of it.

5 reasons buying sight unseen isn’t as risky as you think

Inman

Agent Opinion Select Service 3d tours as-is offers buying site-unseen digital open houses financing contingencies homebuying homes.com inspection contingencies making an offer working with buyers

The advantages of a pre-listing home inspection

Realty Biz

Homeowners who’re looking to secure a quick sale might want to take it upon themselves to do a pre-listing home inspection with the aim of speeding up the sales process. Sellers that opt for a pre-listing inspection will be informed of any issues with their home that might impact its value.

Listing Agent, Selling Agent, Seller’s Agent: What’s the Difference?

Redfin

Keeping track of the differences between a listing agent, selling agent, seller’s agent, and even buyer’s agent can be a bit challenging, so learning to quickly recognize what these terms refer to in real estate can help you move forward confidently with buying or selling your home.

5 Tips for Making Your Best Offer

Keeping Current Matters

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. Agents are experts in the local real estate market. Your agent can help you understand: The market value of the home.

How to Make a Winning Offer on a Home

Keeping Current Matters

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.”.

How Real Estate Agents Can Help Home Buyers Navigate Emotional Decisions

McKissock

That means it’s often the real estate agent’s job to ease their minds and lighten the situation. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. As the real estate agent, it’s your job to assuage these fears.

What Does a Real Estate Agent Do? The Benefits of a Buyer’s Agent

HomeLight

You may wonder, what does a real estate agent even do? According to the National Association of Realtors®, 88% of homebuyers purchased their home in 2020 through a real estate agent , and for good reason. Real estate agents are essential advocates through the homebuying process.

5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

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.

5 Tips for Homebuyers Who Want to Make a Competitive Offer

Keeping Current Matters

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.

How much cash matters in a bidding war

Housing Wire

And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. When there’s a bidding war, cash is king.

Buyers are sweetening the deal by waiving contingencies

Realty Biz

With home buyers facing tougher competition this year amid ongoing housing shortages, some are trying to gain an edge by waiving contingencies to make their offers look more enticing. Redfin said this week that almost 20% of successful offers submitted by its agents in June in select U.S.

3 Keys to Getting Your Offer Accepted In a Hot Seller’s Market

The Living Room

2) Waive Contingencies: To make your offer more attractive, take out as many sticking points as you’re comfortable with. This means removing contingencies for a clean offer. A financing contingency : If you have the funds to make an all-cash offer, you can waive this contingency.

Win Bidding Wars: How to Write Offers That the Seller and Listing Agent Will Love

HomeLight

You need to write offers that tell the seller and listing agent three things: your offer has the best terms. Sarita Dua is a top agent in Portland, Oregon who’s been winning bidding wars all year long — including seven straight in a single weekend.

How to Win a Bidding War: Write Offers the Seller and Listing Agent Will Love

HomeLight

You need to write offers that tell the listing agent your offer has the best terms, lowest risk, and is most likely to cross the proverbial finish line. In part two of our Walkthrough series on winning bidding wars, Sarita Dua continues her explanation of the 3 C’s of winning bidding wars (confidence, communication, and creativity), how to beat an all-cash offer, and how to write offers that the listing agent will love. HomeLight’s Agent Resource Center.

Banging Down The Door To Home Ownership

The Living Room

Releasing earnest money either upon mutual acceptance or after the inspection contingency is waived. Aryne + Dulcinea Buyer First Time Homebuyer competitive offer how to write an offer multiple offers Portland Real Estate Market Seller Market top rated portland real estate agents

HomeLight Trade-In: Why Homeowners and Agents Love Real Estate’s “Easy Button”

HomeLight

Sale contingencies are frowned upon. Come join us to connect with other listeners, connect with the guests that you hear on the show, learn from other agents and share your knowledge, get exclusive content, influence future episodes, and more. HomeLight’s Agent Resource Center.

5 Tips for Making Your Best Offer

The Living Room

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. Agents are experts in the local real estate market. Your agent can help you understand: The market value of the home.

Avoid These 4 Mistakes When Selling Your Home

Realty Biz

Since selling your home can be a lengthy process that involves choosing an agent, estimating costs, preparing your home , setting the price, and finally finding the right buyer, the consequences of a mistake along the way can have wide-ranging implications. . Choosing the Wrong Agent.

Negotiating After the Home Inspection: 8 Tips to Get the Best Deal

Redfin

Once you’ve had your offer accepted, the home inspection is one of the final steps to navigate before you can close and move into your new home. And good on you for including an inspection contingency in your offer. Stay flexible when negotiating after a home inspection.

Should You Ever Buy a House Sight Unseen?

RIS Media

A buyer who is interested in a property typically visits it in person to inspect its layout, features and condition. If you have questions, your agent can get you answers. A home inspection is even more critical when buying a property sight unseen. .

More buyers waive the home inspection to get the deal done

Realty Biz

With buyers facing increased competition for what few properties are on the market, some are choosing to waive the home inspection. In June, around 20% of successful bids submitted by Redfin real estate agents in the U.S.’s Home Buying home inspection home inspector

Tips to Help Buyers Successfully Navigate a Hot Real Estate Market

Realty Biz

There may be rare local circumstances where this will work but it should only be based on the advice of a trusted real estate agent. Before you write up your offer, have your agent contact the selling agent to learn if there are other offers on the house.

The Most Common Home Buying Real Estate Contingencies

Realty Biz

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. Home Buying Contingencies Explained.

Can You Sell a House As Is Without Inspection? A Reality Check

HomeLight

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. The downside of no inspection?

Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.”

5 Things Homebuyers Should Know (When Making an Offer)!

The Living Room

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.

Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

A cash offer won’t always be the best deal,” says Enas Latif , a top real estate agent who sells homes 62% quicker than the average Harris Hill, New York agent. To get a true value, hire a top real estate agent in your area to conduct a comparative market analysis.

What to Do If You’re Selling Your Home and an Inspector Finds Several Problems

RIS Media

Buyers usually have a house inspected before they proceed with a purchase. The exact language related to a home inspection contingency can vary from one contract to another. Ask Your Real Estate Agent for Guidance.

4 Things Sellers Need to Know About Backup Offers

First Team Real Estate

The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. Our trained and experienced agents can help home sellers solve problems before they even begin.

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

Realty Biz

The seller shouldn’t know the maximum that you can (or want) to pay but your agent needs to know that you are willing to go higher. Not common, but what some buyers are beginning to do is waive appraisal and inspection contingencies to make their offers more attractive to home sellers.

Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. We talked to two top real estate agents to walk us through what can hold up even an all-cash deal. Problems come up during inspection.