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Top 10 ways to get homebuyers to work with you

Housing Wire

In today’s market, having a preapproval, at the minimum, is a must. Should they consider new construction? Guide them through escrow Once you’ve won the offer, help your clients through the contingencies, inspections, the appraisal process and the final walk-through. Should they buy first or sell first?

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How much cash matters in a bidding war

Housing Wire

And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. You won’t win the bidding war.

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Ask Brian: Will 2021 be a Good Time to Buy a House?

Realty Biz

Question from Bethanny in WA: Hello Brian, the 2020 housing market has been afflicted with low inventory, rising home prices, endless bidding wars, and of course the coronavirus. The biggest variable will probably be employment levels that will determine the number of buyers chasing the limited number of homes on the market.

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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. Sometimes these “Coming Soon” statuses are limited in the MLS to a few weeks.

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How to Spot Serious Foundation Trouble

Hank Miller Team

The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets. Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more.

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. This was especially problematic given home purchase contracts typically require an inspection be done within a week of the contract being signed by both parties. But waiving a home inspection comes with sizable risks. .

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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Issues beneath the flooring or behind the drywall won’t be uncovered by a regular inspection, but inspectors will alert buyers of any questionable, tell-tale signs that may need to be further investigated by a specialist. Many new construction homes come with a home warranty from the builder. This isn’t recommended.