Lighter Side of Real Estate

AUGUST 16, 2022

The most common ones are: Mortgage contingency: If the buyer’s mortgage isn’t approved, they can back out of the contract. Appraisal contingency: If the house doesn’t appraise for as much as the buyer is offering, they can cancel the contract. Waiving a home inspection isn’t ideal.

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Housing Wire

OCTOBER 27, 2020

In today’s hot market, buyers are doing all they can to stand out. Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. Are you thinking of skipping inspections or repair requests and handling any minor home repairs yourself?

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Realty Biz

SEPTEMBER 23, 2020

With buyers facing increased competition for what few properties are on the market, some are choosing to waive the home inspection. But while waiving the property inspection always used to be about making an offer more enticing and stand out in a bidding war, these days that’s not always the reason why buyers are offering it.

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Keeping Current Matters

JUNE 21, 2021

The problem is, in today’s market there just aren’t that many homes available to purchase. Today’s market is dynamic and fast-paced. In today’s market, that’s often not the case. In such a competitive market, emotions and prices can run high. Just remember, there are certain contingencies you don’t want to forego.

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Keeping Current Matters

MARCH 15, 2021

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. offers and is on the market for just 21 days. These are both results of today’s competitive market, showing how important it is to stay agile and alert in your search.

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Keeping Current Matters

NOVEMBER 30, 2020

Today’s real estate market has high buyer interest and low housing inventory. A recent article from Freddie Mac offers guidance on making an offer on a home in today’s market. These are both results of today’s competitive market, showing how important it is to stay agile and vigilant in your search. Be a Flexible Negotiator.

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Realty Biz

DECEMBER 23, 2022

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer. Foundation.

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Realtor.com

SEPTEMBER 18, 2020

Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done.

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HomeLight

JUNE 9, 2023

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. Until those contingencies are cleared, the house isn’t officially sold.

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Realty Biz

MARCH 13, 2024

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Consider keeping your finance contingency for your protection.

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Redfin

OCTOBER 10, 2023

In this dynamic setting, the process of home inspection becomes a journey through layers of historical significance and modern innovation that define a property. Featuring advice from local home inspectors, it equips you with the knowledge needed to confidently navigate the competitive New York real estate market.

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Redfin

AUGUST 26, 2020

A savvy homebuyer will schedule a home inspection for any home they’re serious about buying. In case you’re thinking of waiving the home inspection contingency, you should also be aware that some lenders require a home inspection as a necessary step before they finalize your home loan. Local laws.

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Windemere Selling

MARCH 12, 2021

Pre-listing inspections can help sellers better understand the condition of their home before putting it on the market. They can also strengthen a home’s appeal to potential buyers and help to streamline the offer process, which is especially important in competitive markets. What is a Home Inspection?

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HomeLight

DECEMBER 29, 2023

As a homebuyer entering a competitive real estate market, it’s likely you’ll encounter the term “non-contingent offer.” A non-contingent offer is often seen as a bold move in residential real estate transactions, signifying an offer to buy a property without certain conditions or “ contingencies ” that must be met first.

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HomeLight

MARCH 31, 2021

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Pre-listing home inspections are just like standard inspections.

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Redfin

DECEMBER 4, 2020

Once you’ve had your offer accepted, the home inspection is one of the final steps to navigate before you can close and move into your new home. And good on you for including an inspection contingency in your offer. And good on you for including an inspection contingency in your offer. So what’s next?

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Realty Biz

AUGUST 3, 2020

markets waived the inspection contingency , compared to just 13.2% of successful offers also waived the appraisal contingency, up from 17.4% The inspection contingency allows the buyer to cancel a purchase or request repairs are made to the property following a home inspection. In addition, 20.6%

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HomeLight

DECEMBER 30, 2023

What buyer contingencies might put a listing back on the market? What home contingency missteps should you avoid when making an offer? An appraisal contingency allows the buyer to either renegotiate their offer or freely walk away from the agreement if the appraisal comes in under the contracted offer price.

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Dwell Real Estate

AUGUST 5, 2021

By: Liane Jamason - Ask a Real Estate Broker: Should I Waive my Home Inspection in a Competitive Market? Finally, we made an offer on one that got accepted – yay We did a short inspection period and did our inspection on day 1 of the contract. I am here to say – please don’t waive your inspection contingency.

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Realty Biz

JULY 6, 2022

It is not unusual for real estate markets to change. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically.

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Dwell Real Estate

AUGUST 5, 2021

By: Liane Jamason - Ask a Real Estate Broker: Should I Waive my Home Inspection in a Competitive Market? We did a short inspection period and did our inspection on day 1 of the contract. I am seeing crazy things in contracts right now in this competitive Tampa Bay real estate market. You see the home was a flip.

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Inspection Inspection contingency Marketing Mortgages 40

HomeLight

JANUARY 3, 2024

The appraisal contingency is a clause that gives the lender the opportunity to have an appraisal done and ensure the amount the buyer is offering for the house is fair market value. Alternatively, if the conditions aren’t met, the house could go back on the market. It creates uncertainties, especially for anxious sellers.

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Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? Here are five seller concessions that I’m using that can help navigate today’s market: 1. Buyers may choose to use their seller’s concession towards costly repairs outlined in the inspection. You are certainly not alone.

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HomeLight

JANUARY 12, 2024

It’s a step that could make your offer more attractive to sellers, but it’s not without ramifications and risks, and in some states, there are laws that dictate the process of removing a contingency. We’ll also share how, as an existing homeowner, you can make a stronger non-contingent offer to get the home you want.

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Realty Biz

JULY 7, 2021

There may not be enough houses on the market right now, but more are coming on the market every day. When the market demands it, your highest offer should be at the high end of the market analysis. In today’s market, a good strategy is looking at houses below the top end of your budget.

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Redfin

MARCH 10, 2021

However, there’s one big step many sellers overlook: a pre-listing home inspection. Typically sellers wait until a potential buyer makes an offer on their home, and then the buyer pays for an inspection. Check out these 6 benefits of a pre-listing home inspection. . That’s where a pre-listing inspection comes in.

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Norada Real Estate

APRIL 15, 2023

Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency. This contingency allows the buyer to have the home inspected and negotiate repairs or credits with the seller.

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Realty Biz

FEBRUARY 25, 2022

These costs may not have been such a worry before, but with many buyers waiving the home inspection contingency with the housing market so competitive, they could be in for a big surprise, Wilson said. He advises that an inspection should still be performed even if it wasn’t a part of the home buying process.

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HomeLight

FEBRUARY 14, 2024

Many homeowners find themselves needing to sell their homes quickly, whether due to an emergency or wanting to take advantage of a hot market. Market conditions: Taking advantage of favorable market conditions to ensure a speedy sale and maximize profit can be a smart move. Don’t worry.

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Realty Biz

APRIL 20, 2022

Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. This contingency gives you a way to back out of the deal with your earnest money if the home inspector finds some serious issues.

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RIS Media

JULY 14, 2021

“That sticker shock may be increasingly common in a competitive market where buyers are dropping inspection contingencies as a strategy to win a bidding war.

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Realty Biz

JULY 25, 2023

There may still be contingencies that need to be met, such as a home inspection or appraisal. If one of these contingencies is not met, then the sale can still be halted for the specific reasons set out in the contingency. For example, a buyer might have a contingency that the home must pass a home inspection.

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RIS Media

AUGUST 31, 2021

Despite the demand for limited homes persisting, signs of a market cooldown continued in July, according to the latest report from the National Association of REALTORS® (NAR). According to the report, 27% of buyers bypassed appraisal and inspection contingencies in July. decline last month, falling to 110.7. MoM — Now 92.0

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Realty Biz

MARCH 16, 2022

All-cash offers were found to be significantly more successful than other strategies that are commonly used in bidding wars, such as waiving the financing contingency or a pre-inspection. The second-most effective strategy was waiving the financing contingency, though it was a lot less so, as it only improved a buyer’s chances by 31%.

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Windemere Selling

MAY 12, 2021

When the housing market favors sellers, a seller can expect ideal conditions for selling their home. However, that’s not to say that a seller’s market doesn’t come with its own unique set of challenges for parties on both sides of the transaction. What is a Seller’s Market? A seller’s market occurs when demand exceeds supply.

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HomeLight

JUNE 28, 2021

Not surprising, given that the Mayo Clinic provides the Rochester community with 39,300 jobs , bringing a steady flow of people to the city — and homebuyers to its housing market. If your home is in a prime location, or if your condo is maintained by a property manager, market those perks to incoming students.

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Realty Biz

FEBRUARY 20, 2021

The home buying contingencies below should be completely understood before signing on the dotted line of a purchase and sale agreement. Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. Most buyers will have a home inspection contingency in their contract.

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