HomeLight

FEBRUARY 20, 2025

Not all purchases are the same, and waiving an appraisal contingency without doing your due diligence first may cost you more money down the line. Financing contingency: The buyer must qualify for a mortgage loan and receive financing for the deal to continue. However, this approach can be risky.

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Inspection contingency Due diligence Home sale contingency Title search 75

HomeLight

JUNE 23, 2022

There are other possible contingencies that a seller may encounter in reviewing offers, such as a Home Sale Contingency , which allows the buyer to back out of the agreement in the event that their current property doesn’t sell in time. In competitive markets, this contingency is very unattractive to sellers.

Earnest money deposit 111

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 111

Realtor.com

DECEMBER 3, 2020

Sellers don’t just want the best price for their home; they also want the easiest deal—which means no complications. Sellers like the least number of contingencies,” stresses Hall. “But that’s not to say that a buyer should waive the due diligence period,” she adds. What to do if your home offer is rejected.

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Earnest money deposit Due diligence Home sale contingency Agents 145

Realty Biz

NOVEMBER 11, 2020

Understanding how a home inspection works is essential for both buyers and sellers, given the importance of this real estate transaction phase. Home Sale Contingency. If the buyer still needs to sell their home before they can close on the new property, a home sale contingency can be put in place.

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Backup offer Home sale contingency Sales Earnest money deposit 111

Realty Biz

FEBRUARY 20, 2021

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. Purchasing is contingent on making the sale first.

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Purchase and sale agreement Inspection contingency Earnest money deposit Home sale contingency 137

HomeLight

SEPTEMBER 10, 2022

The second buyer might offer more money or place fewer conditions on the deal, making the seller believe the home sale would be more likely to make it to the closing table. Examples of contingencies that may cause the seller to add a kick-out clause: A home sale contingency. An inspection contingency.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 111

HomeLight

OCTOBER 30, 2020

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. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Because it’s fast.

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