Remove Inspection Remove Purchase and sale agreement Remove Rent back
article thumbnail

5 Killer Tips For Beating a Cash Buyer

Realty Biz

To make an informed decision, it’s important to understand the following: 1) What is the inventory of houses for sale? Escalation clauses are often included in house purchase agreements to allow you to go over other offers by a set amount of money. Waive The Home Inspection. Let The Seller Rent Back The House.

article thumbnail

What Is a Home Sale Contingency?

HomeLight

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Realtor.com

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

Closing 139
article thumbnail

Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. The financing approval and the inspection contingency are first-level contingencies,” Ballenger explained. “The Why would you want a home sale contingency?

article thumbnail

20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year

Redfin

markets waived the inspection contingency, compared with just 13.2% The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. Active listings—the count of all homes that were for sale at any time during a given month— dropped 20.7%

article thumbnail

Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey. Vinyl windows: 72%.

article thumbnail

Why Hire a Real Estate Agent? 11 Reasons Why Buyers Should Work With A Pro

HomeLight

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Guide you through the steps of due diligence and inspections. An agent is your advocate. And lots more! Is the price right?

Agents 115