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 79

Inspection Inspection contingency Mortgages As-is 79

Keeping Current Matters

JUNE 21, 2021

The problem is, in today’s market there just aren’t that many homes available to purchase. Today’s market is dynamic and fast-paced. In today’s market, that’s often not the case. In such a competitive market, emotions and prices can run high. Just remember, there are certain contingencies you don’t want to forego.

Inspection contingency 269

Inspection contingency Pre-approval Inspection Rent back 269

Keeping Current Matters

MARCH 15, 2021

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. offers and is on the market for just 21 days. These are both results of today’s competitive market, showing how important it is to stay agile and alert in your search.

Inspection contingency 277

Inspection contingency Pre-approval Inspection Staging 277

Keeping Current Matters

NOVEMBER 30, 2020

Today’s real estate market has high buyer interest and low housing inventory. A recent article from Freddie Mac offers guidance on making an offer on a home in today’s market. These are both results of today’s competitive market, showing how important it is to stay agile and vigilant in your search. Understand Your Finances.

Inspection contingency 282

Inspection contingency Pre-approval Inspection Staging 282

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

Realty Biz

DECEMBER 23, 2022

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer. Foundation.

Inspection 79

Inspection Inspection contingency Pre-approval Closing 79

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 141

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 141

Realtor.com

SEPTEMBER 18, 2020

Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done.

Inspection 145

Inspection Earnest money deposit Inspection contingency New Construction 145

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

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

Redfin

OCTOBER 10, 2023

In this dynamic setting, the process of home inspection becomes a journey through layers of historical significance and modern innovation that define a property. Featuring advice from local home inspectors, it equips you with the knowledge needed to confidently navigate the competitive New York real estate market.

Inspection 63

Inspection Inspection contingency Due diligence Residential 63

Redfin

AUGUST 26, 2020

A savvy homebuyer will schedule a home inspection for any home they’re serious about buying. In case you’re thinking of waiving the home inspection contingency, you should also be aware that some lenders require a home inspection as a necessary step before they finalize your home loan. Local laws.

Inspection 75

Inspection Purchase and sale agreement Inspection contingency Loans 75

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 89

Inspection contingency Home sale contingency Inspection Residential 89

Windemere Selling

MARCH 12, 2021

Pre-listing inspections can help sellers better understand the condition of their home before putting it on the market. They can also strengthen a home’s appeal to potential buyers and help to streamline the offer process, which is especially important in competitive markets. What is a Home Inspection?

Inspection 52

Inspection Inspection contingency Agents Marketing 52

Redfin

DECEMBER 4, 2020

Once you’ve had your offer accepted, the home inspection is one of the final steps to navigate before you can close and move into your new home. And good on you for including an inspection contingency in your offer. So what’s next? Plan your strategy. Determine your goal. Prioritize the issues.

Inspection 77

Inspection Inspection contingency Closing As-is 77

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

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

HomeLight

MARCH 31, 2021

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Pre-listing home inspections are just like standard inspections.

Inspection 80

Inspection Inspection contingency FHA loan Sales 80

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 102

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 102

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. Buyers may choose to use their seller’s concession towards costly repairs outlined in the inspection. You are certainly not alone.

Seller concession 72

Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

Dwell Real Estate

AUGUST 5, 2021

By: Liane Jamason - Ask a Real Estate Broker: Should I Waive my Home Inspection in a Competitive Market? Finally, we made an offer on one that got accepted – yay We did a short inspection period and did our inspection on day 1 of the contract. I am here to say – please don’t waive your inspection contingency.

Inspection 40

Inspection Inspection contingency Marketing Mortgages 40

Dwell Real Estate

AUGUST 5, 2021

By: Liane Jamason - Ask a Real Estate Broker: Should I Waive my Home Inspection in a Competitive Market? We did a short inspection period and did our inspection on day 1 of the contract. I am seeing crazy things in contracts right now in this competitive Tampa Bay real estate market. You see the home was a flip.

Inspection 40

Inspection Inspection contingency Marketing Mortgages 40

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 99

Loan contingency Loans Earnest money deposit Inspection contingency 99

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 100

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 100

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

FEBRUARY 26, 2021

You might not be aware of every flaw — that’s for the home inspection to notice — but once you are, you can’t hide them, and legally, neither can your agent. A couch with a red wine stain. An iPad with software issues. A car with a few dents and scratches. As is’ isn’t a free pass to hide known issues.

As-is 96

As-is Sales Inspection Investor 96

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

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

Redfin

MARCH 10, 2021

However, there’s one big step many sellers overlook: a pre-listing home inspection. Typically sellers wait until a potential buyer makes an offer on their home, and then the buyer pays for an inspection. Check out these 6 benefits of a pre-listing home inspection. . That’s where a pre-listing inspection comes in.

Inspection 59

Inspection Inspection contingency Closing Sales 59

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 73

As-is Inspection contingency Inspection Investor 73

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. For example, a buyer might have a contingency that the home must pass a home inspection.

Sales 85

Sales Inspection Inspection contingency Backup offer 85

Realty Biz

APRIL 20, 2022

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. This contingency gives you a way to back out of the deal with your earnest money if the home inspector finds some serious issues.

Purchase and sale agreement 105

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

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

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

HomeLight

JUNE 21, 2022

But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal. While 18% of settlements are delayed, problems encountered during inspections hold up one in ten contracts. What is a home inspection?

Inspection 120

Inspection Purchase and sale agreement Pre-approval Inspection contingency 120

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

HomeLight

JUNE 28, 2021

Not surprising, given that the Mayo Clinic provides the Rochester community with 39,300 jobs , bringing a steady flow of people to the city — and homebuyers to its housing market. If your home is in a prime location, or if your condo is maintained by a property manager, market those perks to incoming students.

Inspection 98

Inspection Staging Marketing Inspection contingency 98