Remove Due diligence Remove Earnest money deposit Remove Inspection contingency
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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 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.

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

HomeLight

Contingencies are clauses in real estate contracts stipulating that certain conditions must be met before the deal can close. Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it.

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What You Need to Know If You’re Buying a Home from the Owner

HomeLight

If the seller is working with a listing agent, their agent will more than likely have already done their due diligence to make sure they are able to sell their home. When you make an offer, be sure to include any contingencies that you want fulfilled. Common contingencies include, but aren’t limited to: Inspection contingency.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

If these contingencies aren’t met, the buyer can walk away from the deal. They will also get their earnest money deposit back , and the home will go back on the market. The home could be subject to a few different types of contingency. Home Inspection Contingency.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Earnest money deposit. Inspection period. Pay attention to the number of days allotted for the cash buyer to complete their inspection. Step 6: Pass the inspection.

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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection.

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