Housing Wire

OCTOBER 27, 2020

In today’s hot market, buyers are doing all they can to stand out. Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. Are you thinking of skipping inspections or repair requests and handling any minor home repairs yourself?

Inspection contingency 424

Inspection contingency Inspection Renovation As-is 424

HomeLight

AUGUST 16, 2021

However, as Ryan Rodenbeck , a foreclosure property specialist in Austin, Texas , explains, as-is can also refer to small cosmetic changes that the seller doesn’t want to bother with, especially in a strong seller’s market: “Sellers don’t want to do repairs in a strong market.”. Source: (Robin Jonathan Deutsch / Unsplash).

As-is 120

As-is Title Inspection Inspection contingency 120

HomeLight

JUNE 9, 2023

But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” ” So, what does contingent mean in real estate? A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet.

Home sale contingency 143

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 143

Realty Biz

MARCH 13, 2024

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. This gives you a price range to target in your home search.

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

Realty Biz

JULY 6, 2022

It is not unusual for real estate markets to change. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically.

Home sale contingency 136

Home sale contingency Marketing Inspection contingency Inspection 136

Lighter Side of Real Estate

AUGUST 16, 2022

It wasn’t just about price; they also had to come in with as “clean” an offer as possible, which often meant waiving fairly standard contingencies. In case the term isn’t something you use in day to day life, a contingency is a clause in the contract that is in place to protect the buyer. Waiving a home inspection isn’t ideal.

Inspection 78

Inspection Inspection contingency Mortgages As-is 78

Realty Biz

AUGUST 3, 2020

markets waived the inspection contingency , compared to just 13.2% of successful offers also waived the appraisal contingency, up from 17.4% The inspection contingency allows the buyer to cancel a purchase or request repairs are made to the property following a home inspection. In addition, 20.6%

Inspection contingency 109

Inspection contingency Inspection Loans Design 109

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? Here are five seller concessions that I’m using that can help navigate today’s market: 1. You are certainly not alone. As Realtors, we had to think creatively to help our sellers sell their homes. In some areas of the U.S.,

Seller concession 72

Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

HomeLight

DECEMBER 29, 2023

As a homebuyer entering a competitive real estate market, it’s likely you’ll encounter the term “non-contingent offer.” A non-contingent offer is often seen as a bold move in residential real estate transactions, signifying an offer to buy a property without certain conditions or “ contingencies ” that must be met first.

Inspection contingency 92

Inspection contingency Home sale contingency Inspection Residential 92

Realty Biz

JULY 7, 2021

There may not be enough houses on the market right now, but more are coming on the market every day. When the market demands it, your highest offer should be at the high end of the market analysis. In today’s market, a good strategy is looking at houses below the top end of your budget.

Inspection contingency 88

Inspection contingency Marketing Inspection Rent back 88

HomeLight

SEPTEMBER 30, 2020

That, or you’ve heard horror stories about the seller who attracted a great offer only to get taken to the cleaners over the inspection. With the average buyer negotiating $14,000 in savings from the inspection , your concerns are valid. Under the inspection contingency, the buyer asks you to repair it (even though you listed as is).

As-is 74

As-is Inspection contingency Inspection Investor 74

HomeLight

FEBRUARY 26, 2021

A couch with a red wine stain. An iPad with software issues. A car with a few dents and scratches. These are all items that you may see listed for sale “as is” on sites like Facebook Marketplace or Craigslist. With the addition of “as is,” the seller sends shoppers a message: Hey, you can buy this thing, and here’s the price I’m asking for.

As-is 99

As-is Sales Inspection Investor 99

HomeLight

DECEMBER 30, 2023

What buyer contingencies might put a listing back on the market? What home contingency missteps should you avoid when making an offer? While under contract, there are typically contingencies in the buyer’s offer that need to be resolved before the sale moves forward. Sellers are often wary of this clause.

Home sale contingency 106

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 106

Norada Real Estate

APRIL 15, 2023

Purpose of Under Contract The purpose of the under-contract period is to allow both parties to fulfill any contingencies and prepare for closing. However, the duration can be influenced by several factors, such as contingencies, negotiations, and local regulations. But how long can a house be under contract?

Earnest money deposit 98

Earnest money deposit Inspection contingency Title search Inspection 98

HomeLight

JANUARY 3, 2024

It means the buyer and seller have agreed to the terms of the contract, such as the price, the closing date, the personal property, the earnest money, tax preparation, and contingencies.” What contingencies might be attached to ‘under contract’ listings? Get Started What does ‘under contract’ mean?

Purchase and sale agreement 103

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 103

HomeLight

JANUARY 12, 2024

It’s a step that could make your offer more attractive to sellers, but it’s not without ramifications and risks, and in some states, there are laws that dictate the process of removing a contingency. We’ll also share how, as an existing homeowner, you can make a stronger non-contingent offer to get the home you want.

Loan contingency 102

Loan contingency Loans Earnest money deposit Inspection contingency 102

Realty Biz

FEBRUARY 25, 2022

These costs may not have been such a worry before, but with many buyers waiving the home inspection contingency with the housing market so competitive, they could be in for a big surprise, Wilson said. He advises that an inspection should still be performed even if it wasn’t a part of the home buying process.

Inspection contingency 94

Inspection contingency Inspection As-is Marketing 94

Windemere Selling

MAY 12, 2021

When the housing market favors sellers, a seller can expect ideal conditions for selling their home. However, that’s not to say that a seller’s market doesn’t come with its own unique set of challenges for parties on both sides of the transaction. What is a Seller’s Market? A seller’s market occurs when demand exceeds supply.

Marketing 52

Marketing Inspection contingency Inspection Agents 52

Realty Biz

SEPTEMBER 23, 2020

With buyers facing increased competition for what few properties are on the market, some are choosing to waive the home inspection. But while waiving the property inspection always used to be about making an offer more enticing and stand out in a bidding war, these days that’s not always the reason why buyers are offering it.

Inspection 113

Inspection Inspection contingency Commercial Residential 113

RIS Media

AUGUST 31, 2021

Despite the demand for limited homes persisting, signs of a market cooldown continued in July, according to the latest report from the National Association of REALTORS® (NAR). According to the report, 27% of buyers bypassed appraisal and inspection contingencies in July. decline last month, falling to 110.7. MoM — Now 92.0

Sales 111

Sales Inspection contingency Inspection Industrial 111

Realtor.com

JANUARY 4, 2023

Inventory levels are still low, but there are more homes coming on the market; the bidding wars and mind-boggling offers over the asking price have died down; and buyers can once again insist on inspections, contingencies, and repairs before the deal closes. Realtor.com / Getty Images Q: Is 2023 the year to finally buy a home?

Inspection contingency 133

Inspection contingency Pre-approval Mortgages Inspection 133

Realty Biz

DECEMBER 31, 2020

Question from Bethanny in WA: Hello Brian, the 2020 housing market has been afflicted with low inventory, rising home prices, endless bidding wars, and of course the coronavirus. The biggest variable will probably be employment levels that will determine the number of buyers chasing the limited number of homes on the market.

Inspection contingency 112

Inspection contingency Inspection Closing Loans 112

Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Help From the Seller.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 105

Realty Biz

MARCH 16, 2022

All-cash offers were found to be significantly more successful than other strategies that are commonly used in bidding wars, such as waiving the financing contingency or a pre-inspection. The second-most effective strategy was waiving the financing contingency, though it was a lot less so, as it only improved a buyer’s chances by 31%.

Inspection contingency 86

Inspection contingency Inspection Finance Closing 86

Realty Biz

OCTOBER 12, 2021

No wonder, a big number of prospective buyers have found themselves locked out of the market – especially first-time buyers – while others have been forced to stretch their budget beyond what they can comfortably afford. In August, they comprised just 29% of sales, far below the 40% of the market this segment traditionally makes up.

Inspection contingency 107

Inspection contingency Closing costs Inspection Closing 107

Realty Biz

JANUARY 9, 2024

Research the Local Market Before listing your home, it's crucial to research the local real estate market. Understand the current market conditions, including recent sales, average time on the market, and pricing trends. For example, the market has recently shifted in some areas of the country.

Purchase and sale agreement 96

Purchase and sale agreement Earnest money deposit Title search Title 96

Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. Things are starting to change in many real estate markets around the country.

Inspection 137

Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 137

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Pending Meaning.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Realty Biz

JUNE 15, 2022

Buying a home in today’s competitive market can be a stressful experience, often most similar to the stress of planning a wedding or being fired. These survey results find, even when they are ultimately successful, a large share of buyers in today’s competitive market experience heartache and stress.”

Inspection contingency 72

Inspection contingency Finance Inspection Staging 72

The Close

SEPTEMBER 10, 2020

A strong seller’s market is a lot like dealing with the craziness of this pandemic. Hating to lose more than I wanted to win, I came up with these seven creative strategies to make any offer stand out in a seller’s market. In a seller’s market, your buyer is going to have to move fast once they find a home they love.

Home sale contingency 112

Home sale contingency Pre-approval Earnest money deposit Marketing 112

Realty Biz

FEBRUARY 20, 2021

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. Most buyers will have a home inspection contingency in their contract.

Purchase and sale agreement 135

Purchase and sale agreement Inspection contingency Earnest money deposit Home sale contingency 135

Realty Biz

JULY 25, 2023

There may still be contingencies that need to be met, such as a home inspection or appraisal. If one of these contingencies is not met, then the sale can still be halted for the specific reasons set out in the contingency. If the home fails the inspection, the buyer can back out of the sale.

Sales 85

Sales Inspection Inspection contingency Backup offer 85

HomeLight

JUNE 29, 2021

Cash offers are becoming more common, especially in this extremely competitive market,” Latif says. Selling to a house flipper is an attractive option if you want to skip repairs and staging, but beware — home flippers turn large profits on houses by buying them for well below their market value. OK, but what exactly is a cash offer?

Inspection contingency 58

Inspection contingency Proof of funds Inspection Pre-approval 58

Realty Biz

SEPTEMBER 2, 2021

Although everyone wants the best price for their home, the amount you want and what the market will pay may be two very different figures. If you can’t find that sweet spot, you may find yourself leaving money on the table or leaving your home to sit on the market for too long. Most agents’ commission is negotiable.

Inspection contingency 98

Inspection contingency Closing costs Inspection Agents 98

HomeLight

SEPTEMBER 9, 2020

But if your cash is socked away in various places, like stocks or money market accounts, you’ll want to cash out those accounts and gather your money together. Buying a house with cash is a process, though, and it doesn’t always make sense. Get the cash together. Obtain proof of funds from the bank. Find your house.

Inspection contingency 105

Inspection contingency Proof of funds Inspection Title 105

Windemere Selling

MARCH 14, 2022

When selling your home, a buyer may make their offer with contingencies attached. Here are some common contingencies you might see in a buyer’s offer and what they mean for you. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

Purchase and sale agreement 52

Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

Redfin

FEBRUARY 2, 2021

What is a Seller’s Market? A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. How has the pandemic affected the market?

Pre-approval 65

Pre-approval Purchase and sale agreement Marketing Inspection contingency 65