Blanchette, Aimee
“Resist the temptation to waive the inspection contingency, especially in a hot market or if the home is being sold ‘as-is’, which means the seller won’t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.” ...
Buying a house: A step-by-step guide 1. Determine why you want to buy a house Purchasing a home is a major decision that shouldn’t be taken lightly. If you’re not clear on exactly what you want out of homeownership, you could end upregretting your purchase. ...
Yes! The Buyer Representative is typically compensated by the listing agent for the property once a purchase has been made, so we act on contingency when working for you. Back to top Do I need a real estate lawyer if the offer documents are pretty standard? Yes. Though the Agreement of...
The downside is not all home sellers like this contingency and may not agree to it. Waiting for your home to sell puts them in a tricky spot. It could create a domino effect. If your deal goes south, they lose out on the sale and it impacts their personal timeline. ...
Consider putting a settlement contingency in your offer When you make an offer, you can instruct your estate agent to add a clause that you’ll only move forwards with the purchase if you can sell your house by a certain date. This can make you less attractive to sellers who want to ...
If the house is on a well and septic system rather than city water and sewer, these should also be inspected Financing contingencies: You can also include a contingency for getting the mortgage you want (i.e., maximum interest rates, expected terms, etc.) Items included in the purchase: ...
We’d taken the chance with the appraisal – we’d chosen not to take the contingency. No offers with any contingencies had even been considered even when our offer price was competitive. On this one, we accepted that if the property assessed at a lower value than our offer, we’d be ...
Waiving contingencies can make your offer more attractive, especially in a hot real estate market, although it means you’re taking on some risk. Many agents also recommend that buyers always keep a home inspection contingency. That’s because if ahome inspectorwere to find problems like a leaky...
Am I ready to take on the long-term obligation that a house requires? Will I be okay with performing needed maintenance, like landscaping, snow removal, and, sometimes, an endless run of repairs? Do I plan to be in the home for at least five years, or is it likely my career or my...