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. The Takeaway: More buyers are doing inspections again. That’s not a bad thing.

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Redfin

JUNE 23, 2025

For example, in North Carolina , the due diligence period is a formally defined part of the contract and usually lasts around 14 to 21 days, giving buyers time to complete inspections, appraisals, and other research. Make a checklist: Create a personalized list of inspections and research tasks based on your priorities and the property type.

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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? Even if the seller pressures you to waive this contingency, doing so could be an expensive mistake. Do your research as well.

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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.

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Redfin

JULY 10, 2025

How to pay earnest money and due diligence fees Earnest money is usually paid soon after your offer is accepted and held in escrow by a neutral third party, like a title company or escrow agent. Due diligence fees are paid directly to the seller at the start of the inspection period to secure your right to evaluate the property.

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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?

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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. > >Read: What to Look For on a Home Tour 6.

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Redfin

JULY 16, 2025

Escrow agents, lenders, and attorneys expect full cooperation once a deal is in place. Higher likelihood when contingencies are involved: Deals that include financing, appraisal, or home-sale contingencies are more prone to collapse, increasing the odds that a backup offer becomes the new primary. Not always.

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Redfin

JUNE 17, 2025

The steps of the due diligence period can include any of the following: Home inspection Pest inspection Appraisal Negotiation of closing costs Title search and title insurance Renegotiations (if applicable due to home inspection) During this period before settlement, the buyer and seller are able to continue negotiations.

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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. Home Inspection The home inspection will show if this is a property you want to buy.

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Purchase and sale agreement Earnest money deposit Pre-approval Debt-to-income ratio 52

Redfin

MARCH 4, 2025

Youll need to coordinate with your real estate agent in order to tour these properties. Step 2: Find the right real estate agent Buying a foreclosed home can be complicated, so its important to have a qualified real estate agent. Your agent will keep you updated on the process.

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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? When a home seller gets an offer that doesn’t have a home inspection contingency to complete the sale, they often jump on it.

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Redfin

JUNE 17, 2025

There are several kinds of contingencies , ranging from home inspection to home sale, and it can be confusing to know what to expect when receiving a contingent offer. Working with a Redfin real estate agent can help distill this information down and make it a lot less confusing.

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Redfin

JUNE 25, 2025

FAQ for most common home inspection problems 1. What should I do if a home inspection reveals major issues? Start by reviewing the full inspection report with your real estate agent. >> Read: Mandatory Fixes After a Home Inspection 2. Can I back out of a purchase after the inspection?

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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. Home inspection checklist (Source: Zillow) During the purchase process, there can be something called an inspection contingency period.

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Rochester Real Estate

NOVEMBER 5, 2015

Skipping A Full Professional Home Inspection Due to the current state of many real estate markets, many homebuyers are electing to waive their home inspection. Buyers are finding that by including a home inspection contingency, that they’re losing out on home after home.

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Rochester Real Estate

NOVEMBER 5, 2015

When it comes to the length of a listing agreement, every real estate agent will have a different preferred length. Every state and contract has different terms but generally speaking, if you decide to cancel the listing agreement, you could possibly be responsible for any expenses incurred by the real estate agent and their brokerage.

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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?

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Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

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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?

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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.

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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.

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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. Agents are experts in the local real estate market. Having an agent to help craft a strong, fair offer is critical in these situations. Recent sales trends in the area.

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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.”. Don’t make an offer that will be tossed out as soon as it’s received.

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Housing Wire

FEBRUARY 20, 2024

The bill essentially negates as a negotiating tool the waiving of the home inspection contingency , which makes an offer for a home contingent on the results of an inspection. Goodman offered some insights into the the home inspection business and individual inspectors via the following datapoints. and Canada.

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Realty Biz

MARCH 19, 2021

Redin advises sellers that have a pre-listing inspection performed can share its findings on a disclosure form that’s designed to indicate their knowledge of any potential issues with the home. Due to this, waiving the home inspection has emerged as a common tactic among buyers.

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HomeLight

JUNE 9, 2023

So in this context, “contingent” is a bit like saying, “Hold on, we’re working things out!” ” Step one: Talk to a few buyer's agents! Get Started Are contingencies common in real estate? It’s also true that most real estate contracts, even those with contingencies, end up closing.

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Realty Biz

FEBRUARY 25, 2021

A home inspection involves assessing the condition of things such as the roof, ceilings, walls, floors, foundations, windows, doors, major appliances, heating and air conditioning, plumbing and electrical systems. Besides making a higher offer, some buyers are also waiving the home inspection to make their offer stand out.

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Realty Biz

AUGUST 3, 2020

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. who did so in June 2019. In addition, 20.6%

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HomeLight

JANUARY 10, 2024

As a homebuyer, knowing what these contingencies mean for you and the seller can help you make decisions with more confidence and avoid unexpected surprises and pitfalls. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. What does this mean to a buyer?

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Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval.

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HomeLight

JANUARY 31, 2024

Here are some of the most common contingencies you might encounter: Home sale contingency: This allows the buyer a specified amount of time to sell their current home. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe.

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HomeLight

JULY 31, 2022

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. You’ve decided it’s time to buy a house ! Find a lender you can trust. Find a home.

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HomeLight

MARCH 23, 2021

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. What is a real estate agent?

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HomeLight

OCTOBER 30, 2020

The “as is” label signals that as the seller, you aren’t willing to negotiate on price no matter what comes up in the inspection. However, a buyer could still include an inspection contingency in the contract. Additionally, waiving the inspection contingency makes for a more compelling offer to most sellers.

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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. Real estate agents can save time by listing the home immediately. Plus, buyers can score some good deals by buying a distressed or as-is property.

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HomeLight

OCTOBER 30, 2020

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. But is the cash closing process always seamless? Why do sellers love cash so much? Not always!

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