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It’s a seller’s market: What does that mean for contingencies?

Housing Wire

They mean a longer sales process, potential repair costs, and maybe even a lost deal altogether. They might ask to rent back their home for a certain amount of time, hold off the deal until they find a new home, or ask you to assume a solar panel lease or loan, if there’s one in place. Sellers can have contingencies, too.

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5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

According to the Realtors Confidence Index from the National Association of Realtors (NAR), the average home is on the market for just 17 days – that means from start to finish, a house for sale in today’s climate is active for roughly 2.5 A skilled agent will do everything they can to help you stay on top of every possible opportunity.

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Listing agents: Don’t ghost your sellers

Real Trends

When you’re the listing agent: Please don’t list and ghost. Keep that person looped in on the progress of the showing and offer period so that they can update interested buyers and their agents with up-to-date information, as dictated by your client. . It all rolls down from the listing agent, every time.

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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 financing approval and the inspection contingency are first-level contingencies,” Ballenger explained. “The

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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. Waive The Home Inspection. One of the bigger stumbling blocks in any home purchase is the home inspection.

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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% The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. In June, 19.9% during the same month in 2019.

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Redfin Agents Share the Most Unique Offers that Recently Won the Deal

Redfin

With the continued shortage of supply and increasing demand for homes, buyers – and their real estate agents – are left with no other choice but to bring out their most competitive and creative offers to win the deal. . I had a buyer who had submitted several offers and was ready to pull out all the stops for their dream home.

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