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

Housing Wire

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. Almost a month after the rules went into effect, that appears to be happening.

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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? Will you lose the house?

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What Does Removing the Loan Contingency Mean for Homebuyers?

HomeLight

They are essentially clauses in your purchase agreement that are designed to protect you from unforeseen issues, like problems unearthed during a home inspection or difficulties securing financing. What is a loan contingency?

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The Most Common Home Buying Real Estate Contingencies

Realty Biz

Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. Most buyers will have a home inspection contingency in their contract. In extreme seller’s real estate markets, it is not uncommon for buyers to waive a home inspection as a way of sweetening their offer.

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

Buyers will also find a lot of coastal home designs, as well as a good number of condos and townhomes. While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive. Closing date. Home warranty.

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Your Top 11 Questions About Down Payments, Answered (Including: What’s an Average Down Payment?)

HomeLight

These loans are designed for low-to-moderate-income borrowers. Earnest money, sometimes called a good faith deposit, is money that accompanies your offer and tells the seller that you’re serious, or earnest, about your bid — while a down payment is part of your deal with the lender providing your mortgage loan.

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How to Read a Settlement Statement When Selling a Home

HomeLight

The Closing Disclosure is issued by the buyer’s lender, and is designed to be compared to the Loan Estimate, which is the first estimate of fees the buyer gets when they borrow money. What is an excess deposit, and who will receive the funds listed on that line? Excess Deposit. Pest Inspection Fee. Seller Credit.