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. The home inspection can lead to some delays in the process, too, for around 10% of cases.

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

HomeLight

JULY 6, 2023

So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo? Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon.

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MLS Backup offer Inspection contingency Purchase and sale agreement 105

HomeLight

SEPTEMBER 1, 2022

As far as home styles go, new construction is trending toward a country style, says Raymer. While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive.

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Earnest money deposit FHA loan Title Purchase and sale agreement 106

Marco Santarelli

AUGUST 2, 2020

The report compares year-over-year key housing metrics of the “New York City” from June 2020 with June 2019. Home sales in the city of New York, NY in June 2020 were down 46 percent from last June. About 1 percent of Redfin customers waived either a financing or inspection contingency last month.

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Marketing Sales Pre-approval As-is 142

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Should they consider new construction? Are they in a situation where they can compete for a home if necessary?

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Inspection contingency Proof of funds Inspection MLS 459

Housing Wire

OCTOBER 2, 2024

Educate your buyer clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Know the basics about each major home loan program and financing terms and options. Should they consider new construction?

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Pre-approval Inspection contingency Proof of funds Inspection 459

HomeLight

AUGUST 9, 2022

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. How much you’ll put down depends on the specifics of your finances, and what kind of mortgage you’re getting. A VA loan provides 100% financing with no money down — so no down payment.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 111