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What Happens if the Inspection Contingency Expires on a Home Offer?

HomeLight

For this reason, most contracts contain an inspection contingency clause. But what happens if the inspection contingency expires? If this contingency period lapses before you’ve finalized your decisions, will you lose your deposit? Get Started How does an inspection contingency work?

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? Cesi Pagano , a real estate agent with over 30 years of experience in Orange County, California , says, “It’s important that buyers look at every detail.

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Considering Waiving the Appraisal Contingency? Here’s What to Know

HomeLight

Youve just found your dream home and are finalizing your offer when your real estate agent calls with concerning news. To sweeten your offer, you may be considering waiving the appraisal contingency, promising not to walk away from the deal if the appraisal comes in below your offer price. What is a contingency?

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How to Find & Buy for Sale by Owner (FSBO) Homes in 6 Steps

The Close

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. Home inspection checklist (Source: Zillow) During the purchase process, there can be something called an inspection contingency period.

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Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. We talked to two top real estate agents to walk us through what can hold up even an all-cash deal. But is the cash closing process always seamless? Why do sellers love cash so much? Not always!

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The Most Common Home Buying Real Estate Contingencies

Realty Biz

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. Real Estate Contingencies Explained.

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

HomeLight

Jason Bragg , a top-selling agent in North Carolina’s Winston-Salem area, reports that cash offers are especially common in 2021 among buyers who are downsizing. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender.