Homebuyers are taking unprecedented measures to make their offers stand out to sellers as the red-hot real estate market booms.
Prospective homeowners are going as far as offering over-asking prices, dropping contingencies for inspections and appraisals and closing on the home within 30 days, FOX Business’ Gerri Willis said on “Cavuto Coast-to-Coast.”
As market competition stiffens, data from Redfin showed that between September 2020 and February 2021, nearly 18% of successful offers waived the appraisal contingency, while 13% waived home inspection contingencies.
www.foxbusiness.com/real-estate/bidding-wars-heat-up-amid-red-hot-housing-market
Views: