Remove Construction Remove Earnest money deposit Remove Inspection contingency Remove New Construction
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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

” Why people are waiving home inspections during the COVID-19 era. Offers that waive a home inspection contingency can be more attractive to home sellers since there’s less likelihood that the buyers will find some expensive problem that they’ll demand is fixed before they move forward. What about condos?

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. Buyers need to keep track of their mortgage contingency to make sure it doesn’t lapse.

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

Otherwise, earnest money will be held in an escrow account until closing, and the amount is then applied toward your down payment at closing. Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money.

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

As far as home styles go, new construction is trending toward a country style, says Raymer. While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive.