article thumbnail

A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause.

article thumbnail

Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’

Housing Wire

Like with the amount of earnest money deposit or including an inspection contingency, the amount the buyer is asking the seller to pay her agent is a term that impacts the strength of the offer,” Redfin chief economist Daryl Fairweather said in a statement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How much cash matters in a bidding war

Housing Wire

And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. Anything below list price, regardless of the terms, just can’t compete.” The post How much cash matters in a bidding war appeared first on HousingWire.

article thumbnail

5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

Your ability to do a quick close or make an offer that’s not contingent on the sale of your current home. Just remember, there are certain contingencies you don’t want to forego. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”. Bottom Line.

article thumbnail

Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

The bill essentially negates as a negotiating tool the waiving of the home inspection contingency , which makes an offer for a home contingent on the results of an inspection. Brian Ashe, who co-sponsored the House version of the legislation. and Canada. Department of Education.

article thumbnail

Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. Get all contingencies squared away. Review your closing disclosure.

Closing 139
article thumbnail

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

HomeLight

But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. With a mortgage, there are all kinds of things that can go wrong to delay closing — financing issues and appraisals coming in low are two of the most common.

Closing 116