Contingencies work to the buyer’s advantage, so they might include multiple contingencies on their offer. On the other hand, in competitive markets, buyers might waive all contingencies to appeal to the seller and gain a competitive edge. What is a real estate contingency? A real estate ...
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If the propertyhas greater repair problems than you knew, you can, of course, alsonegotiate a lower home priceor pull out if you included areal estate offer contingency.In this case,you also have a third option: ask the seller to pay for the repairs. Your earnest money deposit is protecte...
Having an As Is offer does not mean that you are prohibited from inspecting the home.With an As Is offer, you should still retain a property condition contingency, the right to inspect and research whatever you need. As Is simply means that the seller is notobligatedto...
Does a Home Seller Have to Accept a Full-Price Offer? What are home sellers obligated to do when buyers submit a full-price, contingency-free offer? Should You Hire a Real Estate Agent or Lawyer to Buy a House? Professionals who can (and in some cases, are legally required to) help ...
Every home sale is dependent upon certain contingencies. They can make or break a real estate sale, but what exactly is a contingent offer? "A contingency in a deal means there's something the buyer has to do for the process to go forward, whether that'sgetting approved for a loanor se...
1. What is one example of a contingency in a real estate offer? Requiring a professional inspection Requiring the seller accept the offer price Requiring the agent not show the home after the offer is accepted Requiring a clean title 2. What is the difference between the listed sales ...
Contingencies offer some protection for the buyer. If a contingency cannot be met, the buyer may be able to terminate the purchase agreement without penalty. This could mean that the earnest money deposit would be returned to the buyer if the deal cannot close because of an unmet contingency....
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scarce, it can be difficult for buyers to get sellers to agree to contingencies. For example, if other buyers will agree to cover the cost of any problems uncovered by the home inspection, the seller has little incentive to agree to an offer that’s attached to an inspection contingency. ...