Remove appraisal-contingency
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It’s a seller’s market: What does that mean for contingencies?

Housing Wire

It’s just one of the many reasons to think long and hard about making a contingent offer. Are you considering adding contingencies to an offer you’re submitting? Here’s what to think about: Contingent offers and how they affect your deal. Sellers can have contingencies, too. Sellers can include contingencies, too.

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

HomeLight

But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. Eliminating this important contingency can be tricky, but it may be the only way to get your offer accepted in a competitive market.

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How to Compete With Cash Offers: 10 Ways to Write Winning Offers

The Close

Offer an Appraisal Gap. One of the main reasons cash is king in bidding wars is because of the requirement of an appraisal for mortgages. Bidding wars are causing sales prices to rise far beyond what we as agents or appraisers can realistically justify. While this is a top strategy, today many buyers are offering appraisal gaps.

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Tips to Help Buyers Successfully Navigate a Hot Real Estate Market

Realty Biz

If the appraisal doesn’t support the higher offer, you can probably still get the mortgage you are preapproved for, but you’ll need to pay cash for the difference between the appraised value and what you offered above the appraised value. Minimal or no contingency clauses. Offer to rent back to the seller.

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What to Do Before Offering on a Home

RIS Media

Buyers are waiving their home appraisal or offering an appraisal gap guarantee. Allowing the seller to rent back for a specified amount of time. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. . Any contingencies you want.

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

Redfin

“The offer also included paying up to $2,000 of the seller’s moving expenses, giving the seller 60 days to lease back their home free of charge, buying most of their furniture, and waiving the appraisal altogether.” . A partial appraisal waiver sealed the deal in this real estate offer. “One

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. The most obvious contingency with an offer that requires financing is, of course, the financing itself. There’s no financing contingency.