Contingency clauses to be skipped for better chances at buying homes in the area? (2013)

[daluu]

That's what I heard from an agent, avoid putting in contingencies in offer if possible to get offer more likely accepted by seller.

Is the market that hot of a seller's market these days for that? When I last bought a house almost a decade ago in this same area, it was normal & ok to put in contingencies, but then again maybe that's also how it took me a while to get the house, unless back then offer price mattered more than contingencies, since I couldn't beat other higher offers or a cash offer anyhow.

Sounds like it might be more ruthless these days to buy a house in the area.

[artillery77]

Originally Posted by daluu

That's what I heard from an agent, avoid putting in contingencies in offer if possible to get offer more likely accepted by seller.

Is the market that hot of a seller's market these days for that? When I last bought a house almost a decade ago in this same area, it was normal & ok to put in contingencies, but then again maybe that's also how it took me a while to get the house, unless back then offer price mattered more than contingencies, since I couldn't beat other higher offers or a cash offer anyhow.

Sounds like it might be more ruthless these days to buy a house in the area.

It's all about the selling agent. Clean deal means they get paid. Contingencies are contingencies for them as well. All of mine were as-is offers.

[kamoto]

I had five offers. The off with no contingency got the property I don’t have time for you to be rejected by your mortgage lender.

[nobodysbusiness]

In hot markets, Realtors will advise clients to reduce contingency times (loan, inspection, etc.).

If you wish to buy in a hot market, be pre-approved for a loan, or show proof of cash.

Make the offer as attractive as possible, which MIGHT include reducing contingency times.

There is a risk involved if you can't get an inspector in quick, for example.