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

Housing Wire

These contingencies are all designed to protect you as a borrower — to make sure you’re getting a safe and habitable property, that you have the funds to pay for it, and that you’re not stuck paying two mortgage payments at once. The real estate market is hot right now, and bidding wars are the norm in many parts of the country.

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6 Strategies for Representing Buyers in Today’s Market

RIS Media

For best results, host a training class or have a sales meeting discussion to review the following six buyer strategies designed to provide the highest value and achieve their buyer’s objectives for purchasing a home: Over-communicate how to compete as a buyer in today’s market. Over-prepare on pricing strategies in advance.

Marketing 105
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Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

Inspection contingency: This grants the buyer the right to have a professional home inspection, and then allows them to renegotiate the price, ask the seller to complete repairs (neither of which the seller is obligated to do), or back out of the contract entirely if the inspection reveals more dramatic issues.

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

Others perform a home inspection while their competitor skips one. They offer a quick closing process designed to suit home sellers who need a fast transaction or just don’t want to be bothered with the fuss of listing. Like Opendoor, they typically perform a home inspection before finalizing their offer. What is Opendoor?

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I Have to Make an Offer Contingent Upon Selling My House. How Do I Sweeten the Deal?

HomeLight

If the contingency isn’t met, it usually means that you can drop out of the purchase and get your earnest money back. There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky. Source: (LinkedIn Sales Solutions / Unsplash).

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Buying a House Online? How to Get it Done in 15 Steps

HomeLight

What’s still novel? How about trying to buy a house online? While the COVID-19 pandemic accelerated adoption of digital home shopping tools, they’ve been around for some time. It is possible for homebuyers to shop for and buy a house online in which they’ve never actually set foot. But it will be different from a normal homebuying experience.

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Why Hire a Real Estate Agent? 11 Reasons Why Buyers Should Work With A Pro

HomeLight

Guide you through the steps of due diligence and inspections. Let’s take a closer look at 11 reasons why you should definitely hire a real estate agent. Source: (LinkedIn Sales Solutions / Unsplash). An agent is your advocate. As a buyer, your agent works on your behalf. Work with you to write a compelling purchase offer. And lots more!

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