Housing Wire

OCTOBER 27, 2020

It’s just one of the many reasons to think long and hard about making a contingent offer. Are you considering adding contingencies to an offer you’re submitting? Here’s what to think about: Contingent offers and how they affect your deal. Sellers can have contingencies, too. Sellers can include contingencies, too.

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HomeLight

JANUARY 10, 2024

When buying a home, you’ll need to sign a contract with the seller. Most purchase agreements are contingent on two key items: home inspection and financing. Get Started What does contingent mean when buying a home? Get Started What does contingent mean when buying a home?

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Redfin

JULY 28, 2020

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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HomeLight

JANUARY 31, 2024

If you’re shopping for a home, you may be filled with anticipation with each listing you review. Perhaps you’ve found a house you love, but it’s labeled with a “contingent” status. How long can a house be contingent? We’ll also share how you can make a strong offer with fewer contingencies. Do you make an offer anyway?

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HomeLight

FEBRUARY 6, 2024

You’ve been searching for a home to buy, and you come across a property you love only to see it’s labeled as “contingent.” ” or even, “Can you make an offer on a contingent house?” You can then make a strong offer on your next home with no home sale contingency.

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Inspection contingency Home sale contingency Inspection Finance 113

Keeping Current Matters

SEPTEMBER 15, 2021

If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. As Freddie Mac puts it : “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer. ”. Know Your Budget. Be Prepared To Move Fast.

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HomeLight

JUNE 9, 2023

You’ve been browsing for a home when suddenly a particular listing catches your eye. But as your eyes scan the details of the listing, you come across a term that makes you pause: “Contingent.” ” So, what does contingent mean in real estate? Get Started Are contingencies common in real estate?

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Housing Wire

JULY 29, 2022

Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. The median home-sale price nationwide did rise 11.2% North Port, Florida, posted the highest growth in home prices, at 29.7%

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HomeLight

JANUARY 12, 2024

If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?

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Housing Wire

APRIL 8, 2021

When you’re trying to create a standout offer to buy a home, it’s important to consider the tools and tactics at a buyer’s disposal. According to industry experts, there is more to a home offer than just the price you are willing to pay. Second, it allows you to tailor your offer to each individual house you put an offer on.

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HomeLight

DECEMBER 30, 2023

Searching for a home to buy can be a time of excitement and anxiety. You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” Can you make an offer on a home that’s under contract?

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 117

HomeLight

DECEMBER 29, 2023

As a homebuyer entering a competitive real estate market, it’s likely you’ll encounter the term “non-contingent offer.” But what exactly does this mean if you’re buying a home? Partner With a Top Buyer’s Agent to Guide You HomeLight can connect you with a top-rated local real estate agent familiar with non-contingent offers.

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Keeping Current Matters

JUNE 21, 2021

When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. And, as soon as you find the right home for your needs, that agent will help you draft and submit your best offer as quickly as possible. Bottom Line.

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Housing Wire

OCTOBER 27, 2020

Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. While this approach could certainly help buyers win out in a bidding war, the strategy also comes with some serious risk — especially if the home inspection is skipped.

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HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” Crestfallen, you move on and hope you’ll find an equally amazing home. Can you still make an offer on a home that’s “under contract”? It sounds pretty straightforward, right?

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 113

Realtor.com

JULY 13, 2021

But some buyers in especially tight markets are taking even riskier measures to beat out competitors: They’re removing contingencies. Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home. Home inspection. Mold remediation.

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Keeping Current Matters

MARCH 15, 2021

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. It’s only natural to want the best deal you can get on a home.

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Realty Biz

SEPTEMBER 11, 2023

However, not all homes under contract successfully transition to a successful sale. We will explore why under-contract homes may fall apart and clarify the difference between "under contract" and "pending" status in real estate. Many sales will never make it to the closing due to various contingencies.

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Keeping Current Matters

OCTOBER 25, 2021

Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. Home Appraisal.

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Keeping Current Matters

NOVEMBER 30, 2020

With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. A recent article from Freddie Mac offers guidance on making an offer on a home in today’s market. It’s only natural to want the best deal you can get on a home.

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Inspection contingency Pre-approval Inspection Staging 282

Housing Wire

SEPTEMBER 30, 2021

Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Of the homes that are on the market, Aubuchon said, many are adorned with front-yard signs reading “Compass.”. HousingWire Magazine delivered to your home or office. Become a member today.

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Realty Biz

MARCH 19, 2021

Homeowners who’re looking to secure a quick sale might want to take it upon themselves to do a pre-listing home inspection with the aim of speeding up the sales process. Sellers that opt for a pre-listing inspection will be informed of any issues with their home that might impact its value.

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RIS Media

DECEMBER 28, 2023

With buyers making all-cash offers well over the asking price as well as waiving appraisal contingencies and inspections, it was unlike anything anyone in the industry had seen before.

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HomeLight

MARCH 7, 2024

Buying a home is rarely done with casual disregard. From the initial understanding of what a home purchase agreement is, to the reasons why buyers may back out, and the steps involved in cancellation. What is a home purchase agreement? We’ll also review the legal and financial repercussions that can follow.

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Realty Biz

JULY 25, 2023

When you're looking to buy a home, you'll likely come across the terms "under contract" and "pending sale." There may still be contingencies that need to be met, such as a home inspection or appraisal. Contingencies are conditions that must be met in order for the sale to go through. Let’s take a closer look.

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Real Trends

SEPTEMBER 29, 2022

The wild ride that caused a home buying and selling spree became a bit of a noticeable issue in the home inspection industry around the third quarter of 2021. It was an out-of-control period that caused bidding wars all over North America for the homes that were available. Trends in home inspection.

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HomeLight

SEPTEMBER 29, 2023

That’s why buyers and lenders often request a pest inspection before closing. They’ll wreak havoc on your home sale and force buyers to back out of the deal. ​​ Selling a House That Needs Work? Cash buyers often have the resources and expertise to take on a home’s larger issues.

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Norada Real Estate

APRIL 15, 2023

Once you find your dream home and make an offer, the next step is to go under contract. The length of time a house can be under contract can vary, but understanding the contingencies and obligations during this period can help both parties prepare for a successful closing. But how long can a house be under contract?

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RIS Media

APRIL 8, 2022

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. An active listing means the home in question is currently on sale, and sellers are actively open to offers.

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HomeLight

AUGUST 28, 2023

You’re finally under contract on your dream home, and you’re ready to schedule the home inspection. The inspection is an essential piece of the homebuying puzzle, as it gives you an objective view into the condition of your new home. Find Agent What is a home inspector? in McHenry, Illinois.

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Inspection contingency Inspection Agents As-is 98

Realty Biz

OCTOBER 20, 2023

Buying a home is a significant milestone in anyone's life. However, amidst the excitement of finding the perfect property, there's a crucial step that many homebuyers might overlook or not fully understand - the home appraisal. What is a Home Appraisal? It's not just a financial investment; it's also an emotional one.

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Realty Biz

MARCH 13, 2024

If you're considering buying a home in Maryland in 2024, you’ll want to go in fully prepared for the state's competitive real estate landscape. While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. This gives you a price range to target in your home search.

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Realty Biz

NOVEMBER 10, 2021

Is Buying a Contingent Home Possible? It can take a long time to find your perfect home, but just when you think your search is over, you might discover that it is listed as a contingent house. So can you still offer on a contingent home, or have you missed the chance to buy your perfect property?

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Realty Biz

DECEMBER 15, 2022

Finding a home to buy is just the start of the adventure. Many home buyers and sellers know that escrow is a financial arrangement with a third party who holds money or other property until the terms of the sale are complete. Contingencies Must Be Met. The most common types of contingencies include: Sale of a buyer’s home.

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Realty Biz

FEBRUARY 20, 2021

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. Home Buying Contingencies Explained. What Are The Most Common Real Estate Contingencies.

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HomeLight

MARCH 28, 2024

When a home sale closing is delayed, it’s usually the buyer holding up the deal due to financing hiccups, low appraisals, title issues, or problems found during the final walkthrough. If there are contingencies around that, you live and die by the contingencies you’re obligated to.

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Realty Biz

FEBRUARY 25, 2021

The vast majority of existing homes sold in the U.S. need one or two things to be patched up, with 86% of all home inspections turning up some kind of problem, according to a study by the home improvement website Porch.com. Porch.com’s study shows that just over 19% of home inspections uncover problems with the roof.

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