Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% Winning offers waived the appraisal contingency at a similar rate—20.6%—up The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. In June, 19.9% up from 17.4%

Inspection contingency 59

Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Realty Biz

JULY 7, 2021

If the appraisal doesn’t support the higher offer, you can probably still get the mortgage you are preapproved for, but you’ll need to pay cash for the difference between the appraised value and what you offered above the appraised value. Minimal or no contingency clauses. Require a minimal home inspection.

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Inspection contingency Marketing Inspection Rent back 88

HomeLight

MARCH 31, 2022

For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. It’s important to note that most contingencies have a deadline.

Home sale contingency 82

Home sale contingency Sales Purchase and sale agreement Inspection contingency 82

The Close

FEBRUARY 6, 2024

That may sound like a lot to add, but when your buyers roll it into their mortgage, it should not change their monthly payment so much that it prevents them from qualifying for their loan. Waive Your Financial Contingency Period Most buyer clients will use a mortgage to purchase a home. In fact, I suggest quite the opposite.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Redfin

JULY 30, 2020

In New York City, some sellers aren’t even allowing buyers into their homes until they’ve been pre-approved for a mortgage, according to local Redfin agent Martin Freiman. . Fortunately, the inspection contingency enabled her to back out of the purchase. Sight-unseen offers can also pose risks to sellers.

Inspection contingency 74

Inspection contingency Purchase and sale agreement Pre-approval Inspection 74

Redfin

FEBRUARY 2, 2021

According to Redfin’s Chief Economist Daryl Fairweather, “mortgage rates are as low as they may ever get, so if you are able to buy a home now, you can take advantage of low rates before they rise.” Applying for a mortgage after making an offer on a house tells home sellers you may not be as motivated to buy as others.

Pre-approval 66

Pre-approval Purchase and sale agreement Marketing Inspection contingency 66

HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. The inspection.

Due diligence 78

Due diligence Inspection Pre-approval Pre-qualification 78