Real Estate Negotiation Tip: Avoid Contingencies for a Better Deal
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Contingencies play a crucial role in protecting buyers during a home purchase. From financing and inspections to appraisal clauses, understanding these key terms can help you navigate the process with confidence and avoid costly mistakes. | Matin Real Estate
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Contingencies play a crucial role in protecting buyers during a home …
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Let’s talk contingencies! In real estate, a contingency is a clause in your contract that protects you if either party can’t meet their obligations. One of the most common? A financing contingency — which gives buyers an out (and their deposit back) if they can’t secure a mortgage for a legitimate, documented reason. Sometimes buyers choose to waive certain contingencies to strengthen their offer, and sometimes sellers only want contingency-free offers. That’s why having a strong team matters —
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Let’s talk contingencies! In real estate, a contingency is a clause i…
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FacebookMarciano Team at Keller Williams NY Realty
Real estate contingencies are conditions that are written into a purchase contract that must be met for the deal to proceed. They can be a safety net for both the buyers and sellers. Here are a few examples: Inspection contingency: Gives the buyer the right to renegotiate or withdraw if major issues come up during an inspection. Title contingency: Gives the purchaser the right to obtain a title search and raise any objections which must then be cleared by the seller. Appraisal contingency: Stipu
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Real Estate Contingencies in Virginia: What Sellers Must Understand Before Accepting an Offer
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