HomeLight

JUNE 9, 2023

Most real estate contracts — or roughly 80% — contain contingencies , according to data from the National Association of Realtors (NAR). As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. What are the most common contingencies?

Home sale contingency 139

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 139

HomeLight

JULY 6, 2023

So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo? Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon.

MLS 87

MLS Backup offer Inspection contingency Purchase and sale agreement 87

RIS Media

MAY 19, 2021

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. Appraisal Contingencies. Home Sale Contingencies.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Redfin

JANUARY 25, 2021

Though you can technically add any contingency you want to an offer, here are the 9 most common homebuying contingencies to consider. 1) Home inspection contingency. As the buyer you should always order a home inspection. 2) Appraisal contingency. 4) Home sale contingency.

Purchase and sale agreement 79

Purchase and sale agreement Home sale contingency Inspection contingency Title 79

HomeLight

OCTOBER 1, 2020

Appraisal contingency. Appraisal contingencies are also related to getting your mortgage. In order to get a home loan, your mortgage lender needs to make sure they don’t lend you more money to buy the property than it’s worth. Inspection contingency. Home sale contingency.

Earnest money deposit 92

Earnest money deposit Purchase and sale agreement Sales Home sale contingency 92

HomeLight

JULY 31, 2022

If you want to exclude certain contingencies to make your offer more competitive, you can waive them, but it is not always a good idea. Common contingencies include: Inspection contingency. If issues arise during the home inspection that weren’t disclosed, it could be grounds for canceling the sale without a penalty.

Earnest money deposit 83

Earnest money deposit Agents Purchase and sale agreement Title 83

HomeLight

JULY 29, 2022

When you get under contract to purchase a home, your lender will order an appraisal to verify that the home is worth the amount of money that you are paying for it. A lender might not lend you more than the home is worth so if the appraisal comes in low (lower than your purchase price), you might have a problem.

Closing 102

Closing Purchase and sale agreement Title Home sale contingency 102