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

HomeLight

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. 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?

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What Is a Home Sale Contingency?

HomeLight

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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Do I Accept the First Offer on My House, or Wait and See?

HomeLight

According to a 2021 National Association of Realtors® survey, financing difficulties were responsible for 29% of closing delays and 10% of terminated contracts. Depending on your selling circumstances, a cash offer from HomeLight’s Simple Sale platform may be the solution you need for a quick, confident sale. Real Estate Agent.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

If the seller accepts, the iBuyer may perform an in-person or virtual home condition assessment and determine if they’ll collect a repair credit or reduce their offer price based on the findings. iBuyers then allow the seller to close in as little as 10 days but can also provide longer move-out timelines for those who need the flexibility.

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Everything You Need to Know About Making an Offer: 15 Tips for Homebuyers

HomeLight

That means buyers who want to close a deal need to come prepared with their A-game when it comes to making an offer. Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? No sales contingency? Submit your offer.

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Tempted by Those ‘We Buy Houses’ Ads? Weigh the Pros and Cons

HomeLight

According to their website, We Buy Ugly Houses buys homes regardless of their condition. Not only do they guarantee a cash sale, but they also extend a no-obligation offer and will close on the sale within 30 days. The home offer is guaranteed. The We Buy Ugly Houses franchise model became available in 1996.

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When Should I Sell My House? 6 Tips to Help You Decide

HomeLight

.” However, buying another house immediately after your sale can be more challenging in a seller’s market. Whether you’re waiting for a seller’s market to cool down or a buyer’s market to come to a close, you won’t be able to predict anything perfectly. It depends on your priorities, of course.