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It’s a seller’s market: What does that mean for contingencies?

Housing Wire

The real estate market is hot right now, and bidding wars are the norm in many parts of the country. These contingencies are all designed to protect you as a borrower — to make sure you’re getting a safe and habitable property, that you have the funds to pay for it, and that you’re not stuck paying two mortgage payments at once.

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6 Strategies for Representing Buyers in Today’s Market

RIS Media

When navigating highly complex, multiple-offer negotiations in the current real estate market, it’s important for agents representing buyers to be prepared, proactive, and provide the best chance to win a bid for their dream home. Your agents should employ strategies that will give them and their clients a leg up in the market.

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

HomeLight

leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Eliminating this important contingency can be tricky, but it may be the only way to get your offer accepted in a competitive market. You generally see those in a normal market.”

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

Others perform a home inspection while their competitor skips one. Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. Request Offer Editors note: Opendoor and Offerpad provide an option to list your home on the market. But beyond this similarity, how do they stack up?

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I Have to Make an Offer Contingent Upon Selling My House. How Do I Sweeten the Deal?

HomeLight

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. In a hot market, sellers might be seeing offers without any contingencies, which makes a sales contingency a tough sell.

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

HomeLight

A local agent will know how to write a competitive offer and what sellers in the market prefer. They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. You’re getting a feel for the market, and that quick sale just told you it’s probably a good area.

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Why Hire a Real Estate Agent? 11 Reasons Why Buyers Should Work With A Pro

HomeLight

But for buyers especially, a good agent can make all the difference — they’ll simplify the process and not only make sure you find the right home for your lifestyle and budget, but they’ll also be able to help you make the most of current market conditions and maximize your dollar. Guide you through the steps of due diligence and inspections.

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