Redfin

MARCH 7, 2025

When buying or selling a home, the home inspection process plays a pivotal role in determining the condition of the property. One of the most common questions that come up during this phase is: who pays for the home inspection? What is a home inspection? A home inspection is a thorough evaluation of a propertys condition.

Inspection

Redfin

JUNE 11, 2025

This Redfin article explains how contingencies work, which ones to expect, and how they help you avoid costly setbacks during the homebuying process. Home inspection contingency This is one of the most frequently used contingencies in real estate.

Purchase and sale agreement

Redfin

JULY 2, 2025

A question that rattles both sellers’ nerves and real estate professionals’ phones: What happens when a buyer backs out of a home sale? Every real estate transaction carries this tension, and knowing your rights and options is important for a successful sale. Legally speaking, yes—but only within the parameters set from the start.

Purchase and sale agreement

Redfin

JULY 14, 2025

When that breach isn’t protected by a contingency, the seller may have the right to keep the earnest money as compensation for lost time and missed opportunities. Performing unauthorized inspections or repairs. These include financing, home inspection, and appraisal contingencies.

Earnest money deposit

Redfin

MARCH 4, 2025

In a less competitive market, or if a home has been for sale for 30 days or more, successful offers under list price are more common. Combine inspections. In a competitive situation, you can ask to do a pre-inspection of the home. If you’re satisfied with the report, you can waive the general inspection contingency.

Pre-approval

The Close

MARCH 11, 2025

The process of locating and purchasing for sale by owner (FSBO) properties can be a complex endeavor for investors. Weve identified six steps for how to find for sale by owner homes, along with the advantages and disadvantages of navigating the FSBO process without a real estate agent involved.

Sales

Lab Coat Agents

JULY 31, 2025

What they can do:  Enter and update lead details  Categorize contacts based on interest or stage in the sales funnel  Tag clients for targeted email marketing  Set follow-up reminders and automate client interactions  Remove duplicates or outdated contacts  This keeps your data clean, your follow-ups timely, and your lead pipeline healthy. 

Pre-qualification

Redfin

JULY 21, 2025

The buyer’s agent requests a pre-inspection Signs a showing went well FAQs 1. They’re gathering info to prepare an offer: If the agent asks about things like how quickly you can close, whether you’ve received other offers, or what’s included in the sale, it’s likely their client is considering making a move.

Pre-approval

Redfin

JUNE 23, 2025

You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. This timeframe grants the buyer permission to thoroughly inspect the property. It’s typically refundable if the buyer backs out for a valid reason like inspection or financing issues.

Due diligence

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. Skipping the home inspection Some people waive the home inspection to speed up the buying process, but skipping this step can be costly in the long run. An inspection typically costs between $300 and $500, and it’s well worth the investment.

Pre-approval

Redfin

JULY 10, 2025

Earnest money is a refundable deposit held in escrow to show your serious intent to buy, while due diligence fees are usually non-refundable payments made directly to the seller to secure time for inspections and evaluations. Whether earnest money is refundable depends on the contingencies in the purchase agreement. Is it refundable?

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Earnest Money and House Deposits Explained Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Earnest money deposit

Redfin

JULY 16, 2025

Under contract stage: Once under contract , the primary buyer is locked in unless contingencies fail. These contingencies could include financing, inspection results, or the sale of the buyer’s existing home, giving them a legal “out” if certain conditions aren’t met. This arrangement benefits both parties.

Backup offer

Redfin

JULY 9, 2025

Are you looking at homes for sale in Juneau, AK or Miami, FL ? Work with your agent to determine a competitive price based on recent sales, current market demand, and how many buyers are interested. During this time, your lender will finalize your mortgage, the home will be appraised and inspected, and a title search will be conducted.

Pre-approval

Redfin

JUNE 17, 2025

What needs to be done before settlement It typically takes between 30-60 days from accepting an offer on your home to closing a sale. This delay is the result of the due diligence period, where the buyer will conduct inspections and other research before actually signing any papers.

Closing

Redfin

MARCH 4, 2025

Whether youre looking at homes for sale in San Antonio, TX , or in Wilmington DE , there are options for you. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Auctions The most common type of foreclosure sale is by an auction.

Pre-approval

Redfin

MARCH 18, 2025

The earnest money is typically held in an escrow account – a neutral third party, such as a title company or real estate brokerage, holds onto the funds until the sale is finalized. Financing contingency: If your loan falls through despite your best efforts, you can typically back out and recover your earnest money.

Closing

Redfin

JUNE 17, 2025

Accepting a contingent offer on your home can feel like a gamble – but it doesn’t have to. The short answer to whether you should accept a contingent offer on your house is that it depends. If the buyer wants to continue with the sale, they can request repairs or lower the purchase price. The short answer is that it depends.

Inspection contingency

Rochester Real Estate

NOVEMBER 5, 2015

Home Inspection The home inspection will show if this is a property you want to buy. If major issues are highlighted in the inspection report, you can negotiate with the seller over repairs, or they could credit you. If you have an inspection contingency, you can back out of your purchase if serious problems are found.

Purchase and sale agreement

Redfin

JULY 11, 2025

This good-faith payment, typically 1% to 3% of the purchase price, is held in escrow and applied to your down payment or closing costs if the sale goes through. That means if the sale is completed, the money is not refunded – it’s credited toward what you owe. What happens if I accidentally miss a deadline in the contract?

Earnest money deposit

Rochester Real Estate

NOVEMBER 5, 2015

Skipping A Full Professional Home Inspection Due to the current state of many real estate markets, many homebuyers are electing to waive their home inspection. Buyers are finding that by including a home inspection contingency, that they’re losing out on home after home.

Inspection

Rochester Real Estate

NOVEMBER 5, 2015

Here are the top frequently asked questions that home sellers ask before listing a home for sale, questions relating to home value & pricing, questions relating to contracts, and questions relating to purchase offers. Frequently Asked Questions Before Listing Their Home For Sale When is the best time to sell my home?

Purchase and sale agreement

HomeLight

FEBRUARY 20, 2025

As of December 2024, 18% of buyers waived the appraisal contingency , with other buyers waiving, for example, inspection contingencies to likewise make their offers more enticing to sellers. The appraisal contingency is there to protect the buyer in case of any issues surrounding your appraisal.

Inspection contingency

Redfin

JULY 21, 2025

Common contingencies include: Financing contingency: Protects buyers if they can’t secure a mortgage loan. This contingency ensures the buyer isn’t penalized if a lender denies their loan application. Home inspection contingency : Allows termination if major issues are found during the inspection.

Earnest money deposit

HomeLight

APRIL 25, 2025

This guide will walk you through what you need to know, so youll be well on your way to achieving a quick, profitable sale. Sell Your House Fast in Maricopa With a Cash Offer Get an all-cash, no-obligation offer through HomeLights Simple Sale platform whenever youre ready. With Simple Sale, you stay in control of your timeline.

Inspection contingency

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

Inspection

Keeping Current Matters

SEPTEMBER 15, 2021

Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. Speed and the pace of sales are contributing factors to today’s competitive housing market. Recent sales trends in the area. Understand the Seller’s Needs, but Resist Waiving Certain Contingencies.

Inspection contingency

Keeping Current Matters

JUNE 21, 2021

According to the Realtors Confidence Index from the National Association of Realtors (NAR), the average home is on the market for just 17 days – that means from start to finish, a house for sale in today’s climate is active for roughly 2.5 Just remember, there are certain contingencies you don’t want to forego. Bottom Line.

Inspection contingency

Keeping Current Matters

NOVEMBER 30, 2020

The expertise your agent brings to this part of the process will help you stay competitive: “Your agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sale prices in the area.”. There are, however, certain contingencies you don’t want to forego. Bottom Line.

Inspection contingency

Keeping Current Matters

MARCH 15, 2021

The expertise your agent brings to this part of the process will help you stay competitive: “Your agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sale prices in the area.”. Stay Flexible in Negotiations. Bottom Line.

Inspection contingency

Realty Biz

MARCH 19, 2021

Homeowners who’re looking to secure a quick sale might want to take it upon themselves to do a pre-listing home inspection with the aim of speeding up the sales process. Sellers that opt for a pre-listing inspection will be informed of any issues with their home that might impact its value.

Inspection

Realty Biz

FEBRUARY 25, 2021

need one or two things to be patched up, with 86% of all home inspections turning up some kind of problem, according to a study by the home improvement website Porch.com. Besides making a higher offer, some buyers are also waiving the home inspection to make their offer stand out. The vast majority of existing homes sold in the U.S.

Inspection

Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. It has led to home inspections coming back in vogue again.

Inspection

HomeLight

MARCH 2, 2022

Up next: The home inspection. Once the buyer orders a home inspection, your home is in the hot seat. Even if you’ve gone through the house with a fine-tooth comb and listed anything and everything on the seller’s disclosure , the home inspection might reveal issues that you weren’t aware of or are worse than you thought.

Inspection

HomeLight

OCTOBER 30, 2020

Selling a house “as is” without inspection is the definition of driving a hard bargain. As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen. Why ‘as is’ doesn’t always mean no inspection. However, a buyer could still include an inspection contingency in the contract.

Inspection

Realtor.com

SEPTEMBER 18, 2020

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. We got lucky, but it left me wondering: Is it ever OK to waive a home inspection?

Inspection

HomeLight

JANUARY 31, 2025

Your to-do list when you sell your home is already sizable by the time you arrange for a home inspection. What fixes are mandatory after a home inspection? Although 20% of buyers waived inspection contingency , you may still be obligated to resolve certain issues, depending on your states and the buyers lenders policies.

Inspection