Realtor.com

SEPTEMBER 18, 2020

” Why people are waiving home inspections during the COVID-19 era. Offers that waive a home inspection contingency can be more attractive to home sellers since there’s less likelihood that the buyers will find some expensive problem that they’ll demand is fixed before they move forward. .”

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HomeLight

AUGUST 31, 2020

And you should consider getting some specialty inspections to make extra sure you aren’t buying a money pit, especially with this kind of sale. Get an inspection contingency so you can get out of the deal if there are serious issues that the bank missed. An REO should be free of liens or other title issues. It takes a while.”.

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HomeLight

MARCH 31, 2022

And a booming rental market means that tourist locations and vacation-like amenities need to be priced right to attract investors. 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. Investors have their eye on Florida cities. Closing date.

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HomeLight

AUGUST 25, 2020

Using input from a top agent and some experienced real estate investors, we’ve put together this in-depth guide to help you understand the process, pinpoint the biggest time-wasters, and learn what actions you can take to get from listing to closing as quickly as possible. What factors impact the selling timeline? Get the price right.

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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. If you’ve agreed to make repairs based on the inspection, you’ll probably need to provide receipts to prove that the repairs have been completed. Closing date. Who is buying homes in Colorado?

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HomeLight

APRIL 28, 2023

Let’s review some of the top points of negotiation you may encounter: Contingencies 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.

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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. Investors who want to capitalize on Arizona’s high rate of appreciation (particularly in the Phoenix area). Closing date. Closing dates can be subject to negotiation as well. Request Offer.

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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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HomeLight

AUGUST 31, 2021

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems.

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CT Homes

OCTOBER 30, 2020

Find and Qualify your Buyers Compare Contracts Offer Terms Inspection Contingency Earnest Money Deposit Closing Period Accept an offer and Open Escrow Monitor Transaction Deadlines Close Escrow. You could do a quick google search of highly rated investors in your area and reach out to start the process. We’re here to help!

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CT Homes

OCTOBER 30, 2020

Find and Qualify your Buyers Compare Contracts Offer Terms Inspection Contingency Earnest Money Deposit Closing Period Accept an offer and Open Escrow Monitor Transaction Deadlines Close Escrow. You could do a quick google search of highly rated investors in your area and reach out to start the process. We’re here to help!

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HomeLight

SEPTEMBER 1, 2020

Prices can be more difficult to negotiate on bank-owned properties for the reasons stated above, and also because any offers often have to be reviewed by several members of the bank, who all in turn have to answer to shareholders or investors. Make sure the offer includes any important contingencies, such as an inspection contingency.

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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. Another option for selling a house without a real estate agent is to work with an investor or house buying company purchasing homes for cash in your area. Closing date.

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HomeLight

JUNE 17, 2022

As this example from Elmer Morales , a top-selling agent in southern California with 21 years of experience demonstrates: “I had an investor, he had bought the property and fixed it up. Typical contingencies include: Home sale contingency : The buyer will only purchase your home if and when their own home sells by a specified date.

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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. Source: (dc_slim / ShutterStock). Tenant issues.

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HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. But Orlando’s cooling real estate climate with interest rates that nearly doubled since last year has taken its toll on investor activity. “In

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HomeLight

JUNE 30, 2021

There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky. In a hot market, sellers might be seeing offers without any contingencies, which makes a sales contingency a tough sell.

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HomeLight

DECEMBER 29, 2023

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections.

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HomeLight

JULY 31, 2021

The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” Your buyer could be an investor who plans to turn your home into a rental, an iBuyer (instant buyer) that provides quick offers online, or a house flipper who plans to remodel and resell the property for a profit.

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HomeLight

AUGUST 24, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections. Sell directly to a cash buyer.

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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.

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HomeLight

MAY 28, 2021

An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line. It’s also wise to add an inspection contingency in your purchase contract , so if the inspection shows more repairs than you expected, you can walk away. Great for investors or cash buyers.

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HomeLight

MAY 17, 2022

But if you’re not an experienced investor who has a background in fixing up homes to flip or rent, buying a foreclosure might not be a strategy you want to tackle on your own immediately. Your agent will help you write up a bid or offer and advise you on contingencies to include. Can you buy a foreclosure home without an inspection?

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HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

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HomeLight

SEPTEMBER 29, 2021

“Investors have been pumping millions into the city,” shares Rachael Barach , a top real estate agent who works with 82% more single-family homes than the average agent in Pompano Beach. If you need to sell your house fast in Pompano Beach, the market is in your favor. Parks and beaches have been revamped.

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HomeLight

DECEMBER 23, 2021

According to both Barker and Davis, the home inspection is when most code violations are discovered. Because many buyers include a home inspection contingency , they can walk away from a sale after discovering major code violations. HomeLight’s network of investors will buy houses in almost any condition.

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HomeLight

MARCH 22, 2021

Sometimes the seller fells a little bit more connected to that buyer than maybe an all cash investor. 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.

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HomeLight

FEBRUARY 28, 2022

Travis Steinemann, a property investor with BuyHousesBR , notes that buying first isn’t going to be good or viable for everyone. “If Buyers are waiving appraisals, waiving inspections – in short, doing everything they can to make their offer competitive and alluring to sellers. “If

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HomeLight

JANUARY 31, 2022

Dau says that prior to the pandemic, “we didn’t see it much at all before except for investors. Contingencies are critical. Dau says that the main consideration for buyers is to “put as many contingencies in there as you can and still win the property. That includes your inspection contingency or appraisal contingency.

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HomeLight

OCTOBER 12, 2020

Sometimes the seller fells a little bit more connected to that buyer than maybe an all cash investor. 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.

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HomeLight

AUGUST 12, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. This is because many We Buy Houses companies are franchises and often use independent investors or local wholesaling outfits. Sell directly to a cash buyer.

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HomeLight

OCTOBER 18, 2022

Discuss inspection contingency. Top agents often know and work with local contractors, have connections with cash investors, or may have knowledge of bridge programs to help you repair your home and sell it for a higher price, allowing you to repay the funds after the sale. In that case, you don’t have to take the first offer.

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HomeLight

MARCH 23, 2022

If you must include contingencies, such as a loan contingency or appraisal contingency to secure a mortgage, try to include as few as possible. One contingency that can potentially be bypassed is the inspection contingency, if the buyer is willing to buy the home “as is” or if the seller has completed a pre-listing inspection.

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Marco Santarelli

AUGUST 2, 2020

About 1 percent of Redfin customers waived either a financing or inspection contingency last month. So they should take advantage of scooping up their favorite deals which otherwise are taken away by seasoned investors in the bidding wars. The supply for housing outpaced the demand favoring home buyers and investors.

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