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With a home inspection contingency in place, you can walk away clean — especially if the seller refuses to fix the problem or offer credits to offset the costs.
Buying a FSBO house requires knowledge of the homebuying process and attention to detail. One thing to be aware of: A home for sale by its owner may be listed for a lower price than agent ...
For the seller, contingencies are the obstacles standing between him and a closed deal. For a buyer, they're the essential protections that could separate Homebuyers: 3 'Weasel' Contingencies a ...
The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the seller to continue to market the property. The 72 hour clause is usually written into sales contracts by the seller, this allows a seller to keep the home on the market and accept backup offers ...
Usually such a contingency calls for a buyer to apply for a loan within a certain period of time after the contract is signed. Since most people who buy a house require financing to complete their purchase, mortgage contingencies are one of the most common type of contingencies in real property contracts. If the financing is not secured, the ...
The seller, often in concurrence with the real estate agent, may choose to accept an offer that is lower than the highest offer for various reasons, such as terms or contingencies in the purchase contract offered or perceived differences in financial qualification of the competing buyers.
“Buyers don’t have to buy a house if the seller is not going to contribute, or if they don’t like the compensation terms. Same as sellers don’t have to sell the house if they don’t like ...
The purchase is referred to as an "all-cash buyer." Such a buyer may also waive the appraisal, although not necessarily, since the contingency may exist to test or ensure the property's market value. The term “cash offer” is typically applied to contracts in which both of these contingencies do not appear.
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