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%
Keeping Current Matters
JUNE 21, 2021
An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. Your ability to do a quick close or make an offer that’s not contingent on the sale of your current home. Bottom Line.
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Realty Biz
JULY 7, 2021
Require a minimal home inspection. You should include a home inspection contingency, but you can make it minimal. You want to be able to get out of the deal if the inspection reveals major damage like dry rot or structural damage without nickel-and-diming the seller until they back out of the deal.
HomeLight
MARCH 31, 2022
The contingency allows you to walk away without penalty if you can’t secure financing to buy the house. The financing approval and the inspection contingency are first-level contingencies,” Ballenger explained. Rent back to the seller. You generally see those in a normal market.”
The Close
FEBRUARY 6, 2024
When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it. Waive the Inspection Contingency Let me be clear—I am in no way suggesting that your buyers should not do a whole home inspection. In fact, I suggest quite the opposite.
Redfin
JULY 30, 2020
Later that night, Yaaran got a call from the listing agent, who asked if they could come back to the negotiating table because there was a strong competing offer set to expire at midnight. Fortunately, the inspection contingency enabled her to back out of the purchase.
HomeLight
APRIL 29, 2021
Do you need interim housing, a specific closing date, or a seller rent back ? Your buyer will use the home inspection report to leverage a deal. He helps clients evaluate the buyer’s financial strength and offer terms like contingencies and rent backs to choose the best offer that’s most likely to close.
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