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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. Bottom Line.

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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

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. 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. Require a minimal home inspection.

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16 Tips to Win a Bidding War on a House

The Close

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. For example, many agents ask sellers to cover closing costs for their buyer clients. That could be a pretty sizable chunk of money from the seller’s profit.

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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. You generally see those in a normal market.”

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Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. Closing can take more than a month. During this time, you and the buyer complete the following: Negotiate the terms of your purchase agreement, including contingency timelines. Landscaping: 100 %. Garage door: 94%.

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Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

Redfin

Later that night, Yaaran got a call from the listing agent, who asked if they could come back to the negotiating table because there was a strong competing offer set to expire at midnight. They just saw their home in person for the first time, 48 hours before their July 15 closing. Yaaran said. Methodology.