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 ...

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 ...

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 ...

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, ...

Most people assume that getting to closing day means the hard part is over. The offer was accepted, financing was approved, boxes are packed. Then the phone rings. A single line in a home inspection ...

A home inspection is a professional, third-party inspection of a property that you intend to buy. Its goal is to evaluate the home from a structural and safety standpoint, as well as to ensure you’re ...

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 ...

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 ...

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 ...

For some buyers in the highly competitive housing market in 2021, waiving the option of a home inspection has become one way to entice a seller to choose their offer for a home. The responsibility for ...