Remove appraisal-contingency
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Top 10 ways to get homebuyers to work with you

Housing Wire

Have the best, most-detailed lender’s letter or proof of funds so your offer won’t be tabled because it’s too vague or boilerplate. Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through.

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Surprising Things You Should Know About Cash Homebuyers

Realty Biz

Cash Offers Have Bargaining Power Bargaining and negotiations were not possible in the conventional home selling process, as appraisals determined the value of your property. Cash Offers Have No Appraisal Requirement Selling your home to mortgaged buyers always requires a home appraisal to know your home’s worth.

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Buyers Paying Over Asking Price? Get an Appraisal Gap Guarantee

HomeLight

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. How is the appraised value of the home determined? What is an appraisal gap?

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Buying Your House With Cold, Hard Cash? Here’s Your Step-by-Step Guide

HomeLight

Once you’ve figured out where the money is coming from, it will be easier to take the next step: getting proof that you have the cash. Obtain proof of funds from the bank. Providing a proof-of-funds letter is more secure than forking over a bank statement, which contains sensitive information. Find your house.

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9 Warning Signs When Selling Your Home

Point2Homes

Restrictive Contingency Clauses. Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. Lots of Viewings, but No Follow-ups.

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

HomeLight

This means that the buyer has the funds to purchase the home in full. A cash offer may come from a homebuyer with liquid funds who wants an edge over the competition. When it comes to offers on your home, cash is king for a reason. While all-cash offers used to be relatively rare, they now make up 25% of all home sales. Good question.

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Appraisal Gap: When a Home’s Value Is Lower

Rent, Buy & Sell

Sometimes your mortgage lender’s appraiser says the house is worth less than you agreed to pay. This is known as an appraisal gap or a low appraisal. What happens when the appraisal is lower than the offer? Walk away, if you have an appraisal contingency in your purchase contract. How much more?