Tips for Winning Offers For Your Buyers
As bidding wars spike, 20% of winning offers waive inspection contingency
Waiving the inspection and appraisal contingencies is a common strategy homebuyers use to make their offers more attractive to sellers, but the strategy has its risks.
1. Inspection contingencies often allows buyer to cancel contract or ask Seller's to make repairs
2. The Appraisal contingency allows buyers to cancel contract or renegotiate price with Seller
The above 2 steps can put Buyers at risk. So why take the RISK?