Is it necessary to agree to a buyer’s contingencies? – It is one of the most common questions sellers have when selling their homes. With more than 30 years of experience in the real estate industry, we can say that contingency clauses or back-out clauses run rampant in property contracts.
Usually, these clauses work in favor of buyers but can harm a seller’s home selling process. When it comes to whether or not to agree to contingency clauses to sell your house fast for cash in Clawson, MI, it is not mandatory. Sellers can either decide to go ahead or reject the offer made, owing to contingencies. But rejection comes with consequences if you are selling your house using the traditional route.
For example, you will have minimum chances of securing a buyer if you do not allow contingency. Or, if there is a restriction of including contingency in the cash offer, your potential buyer may move to the next property. Today, homeowners want to sell their homes at a fair price without any hassle. It covers contingency clauses, costly repairs and renovations, commissions, closing costs, staging, and so on.
So, what is the solution? The answer is estate buyers in Clawson, MI, like Detroit Cash For Homes. Let us dive deeper into how you can avoid contingency clauses when selling your home to us.
- How to avoid contingency clauses?
Before talking about avoiding contingency clauses, it is essential to find out things contingency clauses might say. It includes:
- The offer is valid until the buyer sells his existing house within three months.
- As long as the inspection does not turn out to be a cracked foundation, the cash offer is great.
- Only after the mortgage lender comes through, the offer will be valid even if the bank approves.
Generally, the contingent house deal has a nearly 1%-10% chance of falling out of contract. Also, selling a contingent property may take anything from weeks to months. Therefore, by choosing Detroit Cash For Homes, you can avoid contingency clauses because we buy houses in Clawson as-is. We get homes inspected to make a cash offer that is fair to you and us, but we will not ask you to get your repair and renovations done before selling.
Apart from this, we close the deal quickly, as we do not have to deal with lenders or financial institutions to borrow money. We have cash ready to make a fair offer. Once you agree with the cash offer, we will close the deal within a few days and transfer the money instantly. In addition to this, you save money and time because we buy properties in any condition without making any changes.
If you are wondering how to sell my house in Clawson fast and without dealing with contingency clauses, get in touch with Detroit Cash For Homes. We have years of experience helping homeowners sell homes hassle-free and at a fair price. Call us today for a free, no-obligation consultation.