Realty Biz

JANUARY 7, 2021

The fact is that another round of negotiations is frequently needed after the house is professionally inspected. Nor should the inspector be involved in a second round of negotiations after the inspection. Risks of Waiving a Home Inspection. Even a strong sellers’ market is not a good reason to waive a home inspection.

Inspection 120

Inspection Purchase and sale agreement Loan contingency Loans 120

HomeLight

JANUARY 31, 2024

You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean? In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met.

Purchase and sale agreement 110

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 110

HomeLight

AUGUST 31, 2021

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. 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. There’s no financing contingency.

Due diligence 88

Due diligence Inspection Pre-approval Pre-qualification 88

Redfin

SEPTEMBER 2, 2020

However, when it’s a seller’s market , with more homebuyers looking to buy than available houses listed for sale, this creates a perfect storm for multiple offers and a bidding war on a property. A cash offer eliminates the need for an appraisal and bank approval for a loan, contingencies most homebuyers are required to include in an offer.

Pre-approval 78

Pre-approval Loan contingency Agents Banks 78

HomeLight

JANUARY 13, 2022

These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common types of contingencies.

Backup offer 89

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 89

HomeLight

NOVEMBER 29, 2021

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

Purchase and sale agreement 94

Purchase and sale agreement MLS Inspection Agents 94

HomeLight

AUGUST 23, 2022

Clients using HomeLight’s Simple Sale platform don’t have to worry about additional repairs, prepping their home for listing or showings. Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average sales price in Ohio. Request Offer.

As-is 105

As-is Investor Closing costs Inspection 105