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 ...

Common real estate wisdom says it's smart to get a inspection of a property before you buy it. Waiving a home inspection is unadvisable for most homebuyers. But more buyers are taking the risk. More ...

With any luck, the time between making an offer and closing on a house will be smooth sailing. However, there are plenty of things that could go wrong, big or small. That’s why many buyers include ...

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 ...

The housing market is so hot that desperate buyers are now dropping contingencies and inspections to get their new home. When 10 people are making offers on the same home, taking it "as is" can make ...

Q We bought a house four months ago. Because there was a lot of interest in the property, our real estate agent advised us not to include a contingency for a home inspection in our offer. The agent ...

We are looking to purchase a house in the greater D.C./Maryland metro area. Most houses in our price range are selling quickly, with multiple offers. Our agent has advised us to waive the home ...

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 ...

In real estate, a "contingency" refers to a condition of the Agreement of Sale that needs to occur in order for the transaction to keep moving forward. As the buyer, there are many contingencies that ...

An appraisal contingency is a clause in a real estate purchase contract that provides options for buyers if the estimated value of a property is lower than their offer. When you borrow money to buy a ...

For anyone buying or selling a home in Minnesota, heads up: the Minnesota REALTORS® Forms Committee has revised the Inspection Contingency form, which is typically what gets used when writing an offer ...