Remove Inspection contingency Remove Marketing Remove Title search
article thumbnail

Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency.

Closing 139
article thumbnail

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

HomeLight

For example, let’s say the market crashes, and your 401(k) loses a huge amount of value overnight. With cash, buyers are able to waive common contingencies, making the deal smoother and faster (not to mention sweeter for the seller). The title isn’t clear. Financing can still cause a delay, even when it comes to cash!

Closing 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Long Can a House Be Under Contract?

Norada Real Estate

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.

article thumbnail

Buying Your House With Cold, Hard Cash? Here’s Your Step-by-Step Guide

HomeLight

But if your cash is socked away in various places, like stocks or money market accounts, you’ll want to cash out those accounts and gather your money together. Offering cash for a home purchase will make you more competitive in a seller’s market, says Ludecker. “I Source: (Kelly Sikkema / Unsplash). Make an offer.

article thumbnail

What Are Common Terms and Conditions in a House Offer

Realty Biz

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.

article thumbnail

What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Inspection contingencies.

article thumbnail

How to Buy a House without a Real Estate Agent, Just Like a Professional

HomeLight

Spend some time in the neighborhood where you want to live, make friends at a coffee shop or favorite local restaurant, discuss your home search, attend open houses, and even send letters to homeowners asking if they’re willing to sell. Contingencies. Common contingencies include: Inspection contingency.