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Real Estate Contingencies: What They Are and Why They Matter

Windemere Buying

And while including contingencies offers protection and negotiation leverage, removing them can be an effective strategic move too, especially in a competitive market. In a sellers market , competition amongst buyers is high, and they often face multiple-offer situations.

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7 Common Contingencies in Real Estate That Buyers Should Know

Redfin

This Redfin article explains how contingencies work, which ones to expect, and how they help you avoid costly setbacks during the homebuying process. Home inspection contingency This is one of the most frequently used contingencies in real estate.

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Should You Make a Clean, No-Contingency Offer?

Redfin

Buying a home can be a stressful, lengthy process, especially if your area is experiencing a seller’s market where there are more buyers looking to purchase than there are homes for sale. But first, learn what contingencies are, why it’s risky to waive them and how you can use them to your advantage.

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Earnest Money and House Deposits Explained

Rochester Real Estate

This will assure them that they can safely take their home off the market and sell it to you. But how do home deposits work, and what do you need to know? The Essentials of Home Deposits When you make an offer on a house , you want the seller to take their property off the market. Let’s take a look.

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Should I Accept a Contingent Offer on My House? What You Need to Know Before Saying Yes or No

Redfin

Accepting a contingent offer on your home can feel like a gamble – but it doesn’t have to. The short answer to whether you should accept a contingent offer on your house is that it depends. In a seller’s market, the seller may have an abundance of offers. How quickly do you need to sell your home?

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Can a Seller Accept Another Offer While Under Contract?

Redfin

What sellers can and can’t do under contract Once a purchase agreement is signed, the seller is no longer free to market the property, entertain new offers, or accept a better deal—unless the contract specifically allows it. However, in slower markets or when buyers are less qualified, backup offers have a higher chance of being activated.

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What Is a Home Sale Contingency?

HomeLight

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.