How to avoid making a contingent offer on a home

These tips for making an offer on a house will help you avoid mistakes and get the house you want. Also, see how to put contingencies for a home purchase into a contract. These tips for making an offer on a house will help you avoid mistakes and get the house you want.. A home sale.

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When you submit an offer, you’ll likely be asked to make a deposit, often referred to as "earnest money." It’s given to the real estate agent to be held in an escrow account as a show of good faith on your part that you’re sincere about your offer.

Making a Home Offer. When you make an offer on a home you want your offer to stand out from the competition, especially in a sellers market where sells receive multiple bids from buyers.. Avoid Making Offers on Active Contingent Properties.

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A contingent offer is often the answer to buying and selling at the same time. Making an offer to buy a home when your own home is not yet sold is a dilemma for many home buyers. Regardless of whether it’s a buyer’s market or a seller’s market, sellers aren’t too eager to accept an offer that is contingent upon the sale of a buyer’s home.

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The most common inspection contingency in real estate is the home inspection contingency. A buyer has the option to make their purchase offer contingent on an inspection of the home. Generally, a home inspection will cost a buyer between $350.00 – $500.00, depending on the square footage of the home.

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Dear Monty: Are contingent offers a waste of time? Some agents see a home sale contingency as an investment in their time that may go unrewarded, but if the market is hot, your home may sell first.

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Smart listing agents let people do home inspections prior to making an offer, so there’s no need for a contingency, Nemetz said. your attorney review your bid before submitting it to avoid problems.

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