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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?

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The advantages of a pre-listing home inspection

Realty Biz

If you decide not to fix the issues revealed during a pre-listing inspection, you can factor the repair costs into the asking price of the home.”. Redin advises sellers that have a pre-listing inspection performed can share its findings on a disclosure form that’s designed to indicate their knowledge of any potential issues with the home.

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Buyers are sweetening the deal by waiving contingencies

Realty Biz

markets waived the inspection contingency , compared to just 13.2% of successful offers also waived the appraisal contingency, up from 17.4% The inspection contingency allows the buyer to cancel a purchase or request repairs are made to the property following a home inspection. who did so in June 2019.

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How Long Can a House Be Contingent?

HomeLight

These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase. Here are some of the most common contingencies you might encounter: Home sale contingency: This allows the buyer a specified amount of time to sell their current home.

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How to Make a Strong Offer Without an Agent in 7 Steps

Redfin

Step 3: Cut back on contingencies Contingencies are designed to protect you, but sellers dislike them because they give you the opportunity to back out of the deal. Combine inspections. In a competitive situation, you can ask to do a pre-inspection of the home. Do some homework up front.

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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. Most buyers will have a home inspection contingency in their contract.