Sentences with phrase «contingency period»

Knowing there was at least one other offer, we came in all cash, with a short inspection contingency period to get the winning bid!

Such delays are common, and setting up a longer contingency period may help prevent the seller from backing out of a sales contract.

Buyers who are canceling the transaction generally have some sort of contingency period in the contract that gives the buyer the legal right to cancel the contract.

Once you have something actually under contract you could have this appraisal done during your inspection contingency period.

We did shorten contingency periods for loan and appraisal and buyers had considerable downpayment.

Tracked contingency periods as well as additional deposit due / release dates; maintained documentation.

We shortened contingency periods and close of escrow too.

During the Real Estate Inspection Contingency period, the buyer can submit a written list of defects to be corrected by the home seller prior to closing; or may request an adjustment to the sales price of a home.

If you're finding it hard to get a mortgage approved before the end of your contingency period, it's possible to request an extension from the seller.

A contingency period typically lasts anywhere between 30 and 60 days.

And even on the larger repairs, your home inspector might be able to give you a few referrals to the plumbers, electricians or roofers you'll need to get bids from during your contingency period, which you may be able to use to negotiate with your home's seller, and to get the work done after you own the place.

Once the contingency period ends, the buyer loses its right to have the home inspected; and to negotiate over defects found in a home.

It is a reserve during your contingencies period.

I am still within my contingency period of inspection and lease review, and am still able to back out if needed.

Knowing there were several offers and that the seller needed rent back, we increased our offer amount, gave the seller's free rent back, removed our appraisal contingency and shortened our contingency periods to get the winning offer!

Once the contingency period ends, the buyer loses its right to have the home inspected; and to negotiate over defects found in a home.

During the Real Estate Inspection Contingency period, the buyer can submit a written list of defects to be corrected by the home seller prior to closing; or may request an adjustment to the sales price of a home.

The contingency period (s) can last from 5 to 30 days.