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5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. Your ability to do a quick close or make an offer that’s not contingent on the sale of your current home. Brace for a Fast Pace.

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

Redfin

markets waived the inspection contingency, compared with just 13.2% Winning offers waived the appraisal contingency at a similar rate—20.6%—up 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% up from 17.4%

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Tips to Help Buyers Successfully Navigate a Hot Real Estate Market

Realty Biz

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. You can include a contingency for almost anything but the more conditions that the seller must meet the less likely the seller is to accept your offer. Require a minimal home inspection.

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16 Tips to Win a Bidding War on a House

The Close

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. I’ve compiled a list of my top tips on how to win a bidding war on a house to help you outsmart your competition and get your clients into their dream homes.

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

HomeLight

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. What is a contingency clause?

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Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. And don’t forget clutter in your front and back yards: 62% of agents surveyed by HomeLight said clearing exterior clutter is critical , particularly for listing photos and virtual tours. Landscaping: 100 %.

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Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

Redfin

45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as reasons more buyers are bidding on homes before visiting them. Where in the building is the unit?