Remove Inspection contingency Remove Lending Remove Proof of funds
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What to Know About Buying a Home For The First Time

Rochester Real Estate

A mortgage lender will check your credit score and financial history to decide how much they can lend to you. A pre-approval letter must be included, and proof of funds can also help in a seller’s market. The seller might return with a counteroffer based on your offer’s price, contingencies, or other terms.

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How to Buy a House in 15 Steps: The Ultimate Guide

Redfin

So if the inspection report shows issues with the foundation or leaks in the roof, it’s best to address them with the seller now. What is a home inspection contingency? A home inspection contingency is submitted in your offer. Remember that once the sale closes, any major repairs are up to you to fix.