Housing Wire

FEBRUARY 20, 2024

The bill essentially negates as a negotiating tool the waiving of the home inspection contingency , which makes an offer for a home contingent on the results of an inspection. That’s just the nature of the beast — the cyclic nature of the home-inspection profession.” and Canada. Department of Education.

Inspection

RIS Media

AUGUST 31, 2021

According to the report, 27% of buyers bypassed appraisal and inspection contingencies in July. What the industry is saying: “The market may be starting to cool slightly, but at the moment there is not enough supply to match the demand from would-be buyers. Regional Breakdown: Northeast . MoM — Now 92.0 West. +1.9%

Sales

HomeLight

OCTOBER 30, 2020

With cash, buyers are able to waive common contingencies, making the deal smoother and faster (not to mention sweeter for the seller). However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash.

Closing

RIS Media

JULY 14, 2021

“That sticker shock may be increasingly common in a competitive market where buyers are dropping inspection contingencies as a strategy to win a bidding war.

Inspection contingency

Realty Biz

DECEMBER 5, 2022

Let's look at what you need to know about home inspection negotiations. How to Negotiate Problems Found at a House Inspection. What Will Happen After a Home Inspection? The home inspection contingency in a real estate contract allows the buyer to back out of the sale when there are issues.

Inspection

The Close

SEPTEMBER 26, 2024

However, one unsung hero of the real estate industry is the real estate transaction coordinator. Transaction Coordinator Skills Needed to Succeed Coordinators should understand the real estate industry to excel in their role. Deadline tracking: Monitor and communicate critical inspections, contingencies, and closing deadlines.

Brokerage

HomeLight

MARCH 2, 2022

The lender typically orders the appraisal , but requesting a home inspection is the buyer’s choice, and it’s highly recommended. Though many buyers choose to include an inspection contingency, the number often depends on the current market. Who should be present during the home inspection?

Inspection

Realty Biz

JUNE 7, 2021

I’m a nurse and I understand how easy it is for people familiar with an industry to fall into the habit of using jargon and acronyms without even realizing it. Someone should probably write a translation dictionary for the real estate industry. A home inspection contingency means that no unknown major problems are found with the house.

Inspection

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Inspection period. Pay attention to the number of days allotted for the cash buyer to complete their inspection. Motivated sellers.

Earnest money deposit

Real Trends

APRIL 11, 2023

Most real estate contracts contain a home inspection contingency — it’s what gives the buyer and seller options in case a problem arises during an inspection. Buyers may choose to use their seller’s concession towards costly repairs outlined in the inspection.

Seller concession

HomeLight

AUGUST 19, 2022

It’s leaving many in the industry wondering: Has the U.S. Sellers should also expect the return of inspection contingencies , which fell by the wayside for much of the last few years. Similarly, interest in refinancing has also waned, with 75% fewer applications in 2022 compared to the previous year.

Marketing

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Definitely include an inspection contingency. When you buy a home, you’ll typically want to have it inspected first. Most home offers include an inspection contingency, which basically says you can pull out of the deal if something major comes up in the inspection.

Closing costs

HomeLight

JANUARY 3, 2023

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Closing date. Closing dates can be subject to negotiation as well. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing.

Purchase and sale agreement

HomeLight

MARCH 31, 2022

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. The National Association of Realtors (NAR), which has been tracking FSBO vs. Realtor industry data since 1981, found in its latest dataset that “FSBO homes sold at a median of $260,000 last year, signi?cantly

Purchase and sale agreement

HomeLight

MARCH 31, 2022

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Closing date. Closing dates can be subject to negotiation as well. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing.

Purchase and sale agreement

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. These are examples of what the real estate industry typically considers buyer and seller closing costs: Typical buyer closing costs. Selling a home doesn’t come cheap. Appraisal fee.

Closing costs

HomeLight

DECEMBER 29, 2021

If you’re concerned about a low valuation, we’ve gathered the best advice from Bourne and other industry experts on how you can prepare for your appraisal. However, some contingencies specified in the contract, such as new home contingency, appraisal contingencies , or home inspection contingencies , may offer an out.

Purchase and sale agreement

The Close

SEPTEMBER 19, 2024

Additionally, we request that the inspection contingency be modified to accommodate this timeline, ensuring ample time for all necessary processes. This can help you build trust with your clients, establish your expertise in the industry, and ultimately grow your business by earning referrals and repeat business.

Purchase and sale agreement

Redfin

SEPTEMBER 15, 2020

Ask each one which houses they have sold in your area, how they’ll market your home, how long they’ve been in the industry, and what they charge in fees. Sometimes, the buyer will include a home inspection contingency as part of the final offer. Ask friends and family for recommendations, and evaluate a few agents.

Purchase and sale agreement

HomeLight

JANUARY 5, 2022

To provide you with the most expert advice, we consulted with Los Angeles real estate attorney Zach Schorr , top real estate agent Basil Yaqub , who works with over 67% more single family homes than average in his area, and veteran agent Greg Garrett , who brings more than 40 years of experience in the real estate industry to the table.

Purchase and sale agreement

HomeLight

OCTOBER 20, 2022

Home inspection report. Even if you did a pre-inspection, the buyer will almost certainly do a home inspection – particularly if there are any inspection contingencies in the offer or if the lender requires it. In just two minutes, you can find an industry expert to help you sell your home.

Purchase and sale agreement

HomeLight

FEBRUARY 28, 2021

Tech and healthcare industries are booming here, making the city an attractive option for millennials. With more than 6,500 startup and tech companies in Utah , the area’s booming tech industry is adding to Utah’s appeal. Higher education and healthcare round out other popular industries. Higher education and healthcare.

Marketing

HomeLight

NOVEMBER 29, 2021

Selling with an agent: Using the CMA as a guide, Realtors® draw on localized industry experience to advise homeowners about determining a home’s ideal list price — one that isn’t too low or too high. Finally, the agent uses their industry experience to negotiate on their client’s behalf for the best terms.

Purchase and sale agreement

Realty Biz

AUGUST 2, 2023

In addition, an experienced agent will have established relationships with other industry professionals, such as mortgage lenders, home inspectors , and title companies. Keep track of important deadlines, such as loan approval timelines, inspection contingencies, and appraisal processes.

Purchase and sale agreement

HomeLight

OCTOBER 12, 2020

” On this show, you’ll learn what’s working right now from the best real estate agents and industry experts in the country. And so like a lot of times I’ll tell my clients unless they’re contractors or professional inspectors it’s not wise to waive the inspection contingency altogether.

Agents

Marco Santarelli

AUGUST 2, 2020

2020 began with increased sales activity in the New York housing market, with the year expected to be a strong one for the industry. As the health crisis stabilizes in the city and surrounding areas start opening up, the industry is watching with hopes of returning activity and buyer interest in the coming months.

Marketing

HomeLight

MARCH 22, 2021

” On this show, you’ll learn what’s working right now from the best real estate agents and industry experts in the country. And so like a lot of times I’ll tell my clients unless they’re contractors or professional inspectors it’s not wise to waive the inspection contingency altogether.

Agents

Rochester Real Estate

NOVEMBER 5, 2015

When buying or selling a home, there are some typical real estate contingencies that you should be familiar with. These contingencies are considered normal or commonplace. If there are significant problems found during a home inspection , the buyer can terminate the sale with appropriate notice.

Purchase and sale agreement

HomeLight

MARCH 13, 2023

Booming tourism industry spurs investor activity With warm weather and popular attractions like Walt Disney Disney World and Universal Orlando Resort, Orlando is one of the country’s top tourist destinations with nearly 60 million visitors each year. Let’s take a look at the factors driving Orlando’s cash buyer engine.

Sales

HomeLight

OCTOBER 29, 2021

San Francisco agent Anthony Navarro , who has more than 16 years of experience in the industry, says his primary goal is to make sure that his clients get the home they want, at the price they want, with the terms they want. But still get a home inspection! Navarro says he always recommends his buyers get an inspection.

Inspection

HomeLight

AUGUST 15, 2022

This is the show where you’ll learn what’s working right now from the best real estate agents and industry experts in the country. Because of the rise of the interest rates, what’s going on with inflation, the “white noise” that’s pretty much out there right now in regards to the industry.

Title

Redfin

FEBRUARY 10, 2021

Luckily, Redfin chief economist Daryl Fairweather gives us her keen insights into what the housing industry is doing in 2021. “ Though you can waive this contingency if you’re trying to make your offer more competitive in a hot market.

Debt-to-income ratio

HomeLight

FEBRUARY 27, 2023

This is the show where you learn what’s working right now from the best real estate agents and industry experts in the country. Takeaway number one: When you visit the estate property, do a comprehensive elective inspection, which will virtually eliminate the need for a buyer inspection contingency.

Sales

HomeLight

JANUARY 10, 2023

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Closing date. Closing dates can be subject to negotiation as well. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing. “I’ve

Purchase and sale agreement

HomeLight

AUGUST 17, 2020

When you see survey results from the National Association of Realtors and other industry organizations — or from HomeLight, in fact — do you ever study those and start brainstorming ways to capitalize on what’s happening around you? The real estate industry has changed a ton in the past four to five months.

Marketing

Real Trends

DECEMBER 27, 2022

Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency. You should also be aware of home sale contingency. With this contingency, the buyer’s home must be sold before they can close on their desired purchase.

Sales

Housing Wire

APRIL 23, 2025

Waive the home inspection contingency I would never actually recommend this strategy as a buyers agent; however, there are some situations where a buyer will insist on waiving their inspection, and it makes sense for them to do so. This typically happens on a Sunday or Monday prior to the offer deadline.

Inspection contingency