HomeLight

JANUARY 13, 2022

Inspection contingencies. Inspection contingencies mean that a buyer can get a home inspected before the deal goes through, and can back out of the purchase with earnest money intact, depending on what the inspector finds. Inspection contingencies can be waived. Appraisal contingencies.

Backup offer 72

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 72

HomeLight

JUNE 30, 2021

Inspection contingency. A professional home inspection gives the buyer the opportunity to uncover any potential problems with the house before purchasing. An inspection contingency also gives the buyer a timeframe to have an inspection before the contract becomes binding. Title contingency.

Purchase and sale agreement 76

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 76

HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Negotiable contingencies. Home inspections.

Purchase and sale agreement 77

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

HomeLight

JULY 31, 2021

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Inspection period. Jackson says there’s a decent chance a cash buyer will still include an inspection contingency in the contract — especially if they are offering closer to market value.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Proof of funds 98