Redfin

MARCH 7, 2025

While the buyer is usually responsible, there are some exceptions, especially if the seller is motivated or the buyer is in a highly competitive market. When do sellers pay for the home inspection? While it’s not the norm, there are situations where the seller pays for the home inspection.

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Inspection Inspection contingency Earnest money deposit Purchase and sale agreement 39

Realty Biz

FEBRUARY 20, 2021

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. This could involve losing part or all of your earnest money deposit.

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

Realty Biz

DECEMBER 5, 2022

Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. With bidding wars being the norm and not the exception, many buyers were waiving their inspection to strengthen their offer. What Will Happen After a Home Inspection?

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Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 138

HomeLight

JANUARY 12, 2024

It’s a step that could make your offer more attractive to sellers, but it’s not without ramifications and risks, and in some states, there are laws that dictate the process of removing a contingency. We’ll also share how, as an existing homeowner, you can make a stronger non-contingent offer to get the home you want.

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Loan contingency Loans Earnest money deposit Inspection contingency 111

HomeLight

OCTOBER 1, 2020

You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). According to the latest data from the Realtors Confidence Index (RCI), 76% of purchase contracts contain contingencies , and around 7% of contracts are terminated.

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HomeLight

SEPTEMBER 22, 2020

In Lunger’s market, he’s seen some listings ask for the highest and best on the very first day the home is listed. I have to laugh, because two weeks later, the properties are often still on the market,” Lunger says. You overestimate your market. . 260,000 offer with financing and inspection contingency, 60-day close.

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Realtor.com

SEPTEMBER 18, 2020

Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. This was especially problematic given home purchase contracts typically require an inspection be done within a week of the contract being signed by both parties. But waiving a home inspection comes with sizable risks. .

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HomeLight

JULY 26, 2022

For sellers in neighborhoods with many recently sold homes, it can be easier to determine what their asking price should be based on estimated market value. The housing market can also play a role in the seller deciding to sell the home themselves. One of the benefits of hiring a listing agent is their marketing expertise.

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Earnest money deposit Purchase and sale agreement Title Inspection 115

Norada Real Estate

APRIL 15, 2023

Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency. This contingency allows the buyer to have the home inspected and negotiate repairs or credits with the seller.

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Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause.

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Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 104

RIS Media

MAY 19, 2021

Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. Doing so could mean the forfeiture of their earnest money deposit.

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Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

The Close

SEPTEMBER 10, 2020

A strong seller’s market is a lot like dealing with the craziness of this pandemic. Hating to lose more than I wanted to win, I came up with these seven creative strategies to make any offer stand out in a seller’s market. In a seller’s market, your buyer is going to have to move fast once they find a home they love.

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HomeLight

MARCH 2, 2023

Henderson says that while connecting with a reputable agent who knows the San Diego market is important, one thing potential buyers should be sure to do is to align themselves with a great lender. The San Diego real estate market tends to follow seasonal trends, with prices rising after the holidays and into the summer.

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HomeLight

SEPTEMBER 1, 2022

With the current shifting market, financing is heavily looked at, and there’s a preference for a local lender that understands the process here.”. Research the market and determine where you would like to buy. In competitive markets, cash offers could be more likely to be accepted by sellers with multiple interested buyers.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 111

HomeLight

SEPTEMBER 1, 2022

Research the market and determine where you would like to buy. While families relocating often means a more competitive market during the summer months, Raymer notes that at least during this year (2022), it hasn’t been as busy as the previous couple years. “We These loans also offer 0% down for qualified borrowers. Maria Raymer.

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Earnest money deposit FHA loan Title Purchase and sale agreement 106

First Team Real Estate

AUGUST 8, 2021

According to the latest National Association of REALTORS® Profile of Home Buyers and Sellers, the typical home sold last year was on the market for just three weeks. In that case, the home has to go back on the market, pushing your timeline out even further. Will backup offers have to submit earnest money?

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HomeLight

OCTOBER 30, 2020

For example, let’s say the market crashes, and your 401(k) loses a huge amount of value overnight. You were planning to take money out of the account to cover your cash purchase. Suddenly, you have less money than you realized. “Why would you run into financing issues if you’re buying a home in cash?”.

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Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

NOVEMBER 29, 2021

They might have terms that say they will receive their earnest money deposit back without any negative consequences. But in other cases, a seller could be protected because the terms were specific that the buyer would have to secure financing during the allotted time, or the buyer’s earnest money would be forfeit.

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Purchase and sale agreement Home sale contingency Inspection contingency Earnest money deposit 111

HomeLight

MARCH 6, 2023

The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” Research the market and determine where you would like to buy Now that you know more about preparing to purchase a house and down payments, it’s time to decide where you want to live.

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HomeLight

JULY 31, 2022

Oftentimes, especially in a seller’s market , finding a home takes more than setting up notifications on your favorite real estate app. Agents have a network that they can tap into to find off-market properties, or pocket listings , and they use these connections to best serve their clients. Contingencies.

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Realty Biz

NOVEMBER 11, 2020

Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. How your real estate agent markets your property when an offer has been accepted can have vital implications. For example, some agents will mark your home contingent, while others will mark pending.

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Realty Biz

AUGUST 22, 2022

That’s probably why the price was a little below the market average. Yeah, I’ve been studying the market for a while and knew what houses were selling for. I didn’t even include an inspection contingency. While it is not yet a buyer’s market, buyers are in a much better place than they were a few short months ago.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 95

Redfin

AUGUST 29, 2024

You want to look for a real estate agent that understands the local market and can advocate for you during the homebuying process. Your real estate agent will know what is best for the housing market conditions. What’s an earnest money deposit? What is a home inspection contingency?

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HomeLight

JULY 31, 2021

If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. This can save you time and money —a study we conducted found that on average, homeowners spend nearly $5,500 prepping their home for the market.

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Realty Biz

JANUARY 9, 2024

Research the Local Market Before listing your home, it's crucial to research the local real estate market. Understand the current market conditions, including recent sales, average time on the market, and pricing trends. For example, the market has recently shifted in some areas of the country.

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Purchase and sale agreement Earnest money deposit Title search Title 95

HomeLight

AUGUST 9, 2022

Earnest money is a portion of the down payment included as part of the offer made on a home to the seller. If the contract is successful and it’s time to close, the buyer will roll the earnest money deposit into the total down payment amount. The money is delivered via cashier’s check or wire transfer.

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HomeLight

JUNE 30, 2021

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. If you have to make an offer contingent upon selling a house, here’s what you need to know. Should you drop the price?

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HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. Their home may be on the market, but they do not have buyers. Money talks!

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

Redfin

JANUARY 26, 2022

For instance, if the buyer’s home inspection turns up a problem with the home, the buyer may be able to negotiate a reduced purchase price. 2) Earnest money details: The PSA will include information on the earnest money deposit, such as the dollar amount and instructions for making the deposit.

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Purchase and sale agreement Earnest money deposit Sales Title 59

HomeLight

FEBRUARY 28, 2021

Small-town charms and big-city conveniences beckon buyers in search of proximity to the nation’s capital, plenty of lifestyle perks, and a thriving economy and job market. According to the Arlington Department of Real Estate’s 2021 market study , residential property values are up 5.6%. on the southwestern bank of the Potomac River.

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HomeLight

JULY 31, 2020

If this problem can’t be resolved, an appraisal contingency in the contract allows the buyer to cancel the agreement and retain their earnest money deposit. Repairs identified in the inspection. Another strategy, especially in a buyer’s market, is to ask the seller to contribute to the closing costs.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

JULY 29, 2022

A home appraisal is an assessment of the fair market value of a real estate property. If you committed to making an earnest money deposit as a part of your offer, you will submit your earnest money at this time. You typically deposit earnest money in an escrow account where it will be held until closing.

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Purchase and sale agreement Earnest money deposit Inspection Loans 105

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? Not only should your agent close a lot of deals, but they should be able to demonstrate through their results how they’ve saved other buyers money and helped them close quickly. They’ll have specialized market information that others won’t.

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Closing costs Inspection Loans Earnest money deposit 119

Dwell Real Estate

JUNE 24, 2021

Such contingencies are mainly put in place so that buyers can back out of a real estate sale if something goes wrong, usually without losing their earnest money deposit. Home inspection contingency A home inspection contingency could well be the most important one for home buyers.

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Inspection contingency Earnest money deposit Pre-approval Inspection 40

Dwell Real Estate

JUNE 24, 2021

Such contingencies are mainly put in place so that buyers can back out of a real estate sale if something goes wrong, usually without losing their earnest money deposit. A seller might entertain other offers after a refusal, but won’t deal with another buyer until the contingent offer is settled in one way or another.

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Inspection contingency Earnest money deposit Pre-approval Inspection 40

HomeLight

MARCH 16, 2023

We’ve gathered insights from real estate experts to create this guide for navigating Houston’s cash home buyer market so you can sell your property in as fast a time frame as you require. But newcomers who invested in Houston’s sizzling real estate market are backing off during the downturn. Need to Sell Your House Fast in Houston?

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Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Within three weeks of marketing on their own, 80% to 85% of FSBO people will contract with a real estate agent.

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