article thumbnail

It’s a seller’s market: What does that mean for contingencies?

Housing Wire

They might ask to rent back their home for a certain amount of time, hold off the deal until they find a new home, or ask you to assume a solar panel lease or loan, if there’s one in place. Here’s what to think about: Contingent offers and how they affect your deal. Sellers can have contingencies, too.

Marketing 468
article thumbnail

5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”. Bottom Line.

Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Killer Tips For Beating a Cash Buyer

Realty Biz

Waive The Home Inspection. One of the bigger stumbling blocks in any home purchase is the home inspection. You’ll take a big worry off the seller’s plate by waiving the inspection. Let The Seller Rent Back The House. Is it risky? Sure it is, especially with homes that show wear and tear. Final Thoughts.

article thumbnail

Let’s Make a Deal! 7 Things You Can Negotiate When Buying a Home—Beyond the Asking Price

Realtor.com

In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale.

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. If something is wrong, you can request that it be fixed—or you can back out of the sale. Your home inspection reports.

Closing 139
article thumbnail

I Have to Make an Offer Contingent Upon Selling My House. How Do I Sweeten the Deal?

HomeLight

There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky. In a seller’s market, homebuyers are waiving inspection contingencies , financing contingencies, and sales contingencies. Ask for a rent-back clause.

Rent back 105
article thumbnail

What’s the Deal with Making a Cash Offer on a House?

HomeLight

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems. A cash buyer is more likely to waive appraisal and inspections.