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It’s a seller’s market: What does that mean for contingencies?

Housing Wire

They might ask to rent back their home for a certain amount of time, hold off the deal until they find a new home, or ask you to assume a solar panel lease or loan, if there’s one in place. Here’s what to think about: Contingent offers and how they affect your deal. Sellers can have contingencies, too.

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5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”. Bottom Line.

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5 Killer Tips For Beating a Cash Buyer

Realty Biz

Waive The Home Inspection. One of the bigger stumbling blocks in any home purchase is the home inspection. You’ll take a big worry off the seller’s plate by waiving the inspection. Let The Seller Rent Back The House. Is it risky? Sure it is, especially with homes that show wear and tear. Final Thoughts.

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20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year

Redfin

markets waived the inspection contingency, compared with just 13.2% The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. The share of offers that waived inspection contingencies dropped to 15% in April from 23.1% In June, 19.9%

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Let’s Make a Deal! 7 Things You Can Negotiate When Buying a Home—Beyond the Asking Price

Realtor.com

In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale.

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Ways Home Buyers Can Get Their Offer Selected

Hank Miller Team

Princes are conventional loans with as much down as possible Offer 3-4 in earnest money and deposit it within a day of contract Waive contingencies like inspection, appraisal, and financing Learn what is key to seller and try to accommodate them Keep things simple, no nonsense stipulations or asks This is the market right now (late 2/22).

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16 Tips to Win a Bidding War on a House

The Close

When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it. Waive the Inspection Contingency Let me be clear—I am in no way suggesting that your buyers should not do a whole home inspection. In fact, I suggest quite the opposite.