*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale.
Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.
You can quickly end the hassle of maintaining the property and stop making any further utility, tax, insurance, mortgage, you name it, payments. You have to factor in all of the expenditures of holding that property throughout the time you have that property listed and are waiting for the property to close if you list your house and wait 90+ days for the closing.
We don't care about how messy your home is—we've seen worse—or how many repairs are required. Is it a fixer-upper? great! We would like to submit an offer for your home (we love projects). You can keep the time and money you save for other uses.
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