It is common practice when purchasing a single-family home to include a physical-inspection contingency in the purchase agreement. A contingency is a condition of the purchase. The physical-inspection ...
ATLANTA - With today’s shortage of homes for sale, it’s no longer unusual to see several offers submitted to the seller for consideration, but some buyers have decided to make their offers more ...
The hot seller's market has caused many buyers to lose their cool when making competitive offers. Bidding wars are commonplace, and so are home inspection contingency waivers. According to Redfin, the ...
Kim Porter is a freelance personal finance writer. She has written about personal finance topics for AARP Magazine, Bankrate, Credit Karma, NextAdvisor, U.S. News & World Report, Reviewed, Credit ...
Also called a "due diligence contingency," an inspection contingency allows the buyer to have a property they're interested in buying inspected by an expert within a certain time frame, generally five ...
Buyers are no longer treating inspections as a box to tick on the way to closing. You are increasingly using that contingency ...
You’ve finally found the home of your dreams but, in this market, you’ll likely find out that it’s the home of many other buyers’ dreams as well. Bidding wars are common in today’s white-hot real ...
SEATTLE, July 28, 2020 /PRNewswire/ -- (NASDAQ: RDFN) — 19.9% of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency in June, compared with just ...
Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. Vikki Velasquez is a researcher and writer who has managed, ...
If I could wave a magic wand to make my job as a home inspector easier, I'd change the home inspection contingency form. Dig. When someone buys a home in Minnesota, they typically include an addendum ...