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What Does Removing the Loan Contingency Mean for Homebuyers?

HomeLight

If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?

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Tips for Negotiating After the House Inspection

Realty Biz

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. In a seller’s market, the buyer has probably submitted a top-dollar offer.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. Keep in mind that the number of cash offers floating around fluctuates with the market and at different price points.

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11 Tips to Win a Bidding War on a House

Redfin

But because of the high demand in the current housing market , your real estate agent comes back with the unexpected news that several other homebuyers have also submitted offers on the home. 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.

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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

If a contingency isn’t met, then buyers can back out of a deal without any repercussions and they can get their earnest money back. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. How is an active contingent listing different from a pending listing?

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How to Sell Your House Without a Realtor: 14 Steps to Selling FSBO

HomeLight

Your house is spotless, if you can ignore the open house signs and marketing flyers strewn across the dining room floor. Research your home’s market value and set a competitive listing price. Before you list your home on the market, you’ll need an idea of what your house is worth.

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How to Sell a House ‘As Is’ in Ohio

HomeLight

Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Median days on market for Ohio. Your agent should also be willing to go the extra mile on marketing. Consider a pre-listing inspection. Request Offer. Average sales price in Ohio.

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