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What Is a Home Sale Contingency?

HomeLight

The house stays on the market and it’s marked in the MLS as an active first right. At that point, the buyer can either drop the home sale contingency and purchase the house outright, or they can back out of the deal. Offer to pay the seller’s closing costs. Closing costs for a seller represent a significant expense.

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16 Tips to Win a Bidding War on a House

The Close

For example, many agents ask sellers to cover closing costs for their buyer clients. If your buyers can pay for their closing costs, that could put them at the top of the heap. Offer Rent Back The possession date is often a point of negotiation in any sale. Or it could end up in a bidding war.

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

HomeLight

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. Your agent can set you up with MLS access, filtered for your criteria. They worry that the buyer could back out of the sale at the walkthrough if they see something they don’t like.