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?

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HomeLight

JUNE 29, 2021

iBuyers , or “instant buyers,” are direct real estate buyers who purchase homes at scale. iBuyers typically make less money per flip than traditional home flippers and instead rely on purchasing and reselling many homes at a smaller profit margin to generate revenue over time. Home inspection contingency.

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HomeLight

SEPTEMBER 30, 2020

The purchase contract will most likely still include an inspection contingency , which gives buyers a built-in window to walk away. Under the inspection contingency, the buyer asks you to repair it (even though you listed as is). And a buyer makes an offer. It might go a little something like this.

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HomeLight

MARCH 31, 2021

For example, say an inspection reveals a major crack in the foundation that would cost $4,000 to repair. If the buyer included an inspection contingency in their offer, they can leave the deal with their earnest money intact if you don’t agree to their request.

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HomeLight

APRIL 29, 2021

Your buyer will use the home inspection report to leverage a deal. In most cases, the buyer includes a home inspection contingency in their offer that allows them to walk away from the deal with their earnest money intact if you don’t agree to complete or pay for repairs. You accepted an offer ! But not so fast.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

HomeLight

MARCH 13, 2023

Common types of cash buyers in Orlando “For the longest time, the biggest players were the hedge funds and iBuyers,” says Joseph. While iBuyers offered higher prices than smaller investors, they have taken a step back as the cost of doing business has soared with rising interest rates. They are more willing to invest in the community.

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HomeLight

OCTOBER 8, 2020

In Sacramento, most of the sellers do not do their inspections upfront. So, that buyer might have a 10 to 17-day inspection contingency and they might find something about the house that they don’t like. Because let’s say you’re buying in Sacramento. So, they’re free to cancel that escrow and start again.

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