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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

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. One contingency that is almost always wise to include is a home inspection to be sure you aren’t buying a major problem that you aren’t aware of. Include an escalation clause.

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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. What is a contingency clause? Let’s begin by looking at the “what” and “why” of contingency clauses. Why would you want a home sale contingency?

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16 Tips to Win a Bidding War on a House

The Close

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. Put in a Cash Offer It may seem obvious, but the first strategy I employ with my clients when I know they’ll face a multiple-offer situation is offering cash if possible.

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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?

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Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

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. Do you need interim housing, a specific closing date, or a seller rent back ? As it turns out, selling can be tough — overwhelming, even.