HomeLight

FEBRUARY 20, 2025

As of December 2024, 18% of buyers waived the appraisal contingency , with other buyers waiving, for example, inspection contingencies to likewise make their offers more enticing to sellers. The appraisal contingency is there to protect the buyer in case of any issues surrounding your appraisal.

Inspection contingency 75

Inspection contingency Due diligence Home sale contingency Title search 75

HomeLight

JUNE 23, 2022

Suppose the inspection uncovers issues that are unacceptable to the buyer. 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.

Earnest money deposit 111

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

Purchase and sale agreement 137

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

Realty Biz

NOVEMBER 11, 2020

Let’s have a look at the most common types of contingency you are likely to see. Home Inspection Contingency. The purchase of the property can be contingent on the home inspector’s report. If the home requires some repairs, the price can be renegotiated, or the seller can fix the issues.

Backup offer 111

Backup offer Home sale contingency Sales Earnest money deposit 111

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.

Purchase and sale agreement 111

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.

Closing 116

Closing Inspection contingency Title search Purchase and sale agreement 116

Realty Biz

APRIL 17, 2023

Home Inspection Results Buyers unsatisfied with the home inspection results can terminate the real estate transaction and get their earnest money refunded. A home inspection is an essential step in the home-buying process as it helps identify potential issues with the property.

Earnest money deposit 68

Earnest money deposit Purchase and sale agreement Home sale contingency Title 68