Protect Your Investment: Never Waive These Contingencies as
Justin Reynolds
Key Takeaways
- Never waive the inspection contingency
- Shorten financing windows to protect yourself from financial surprises
- Consider a capped appraisal gap for flexibility while protecting your investment
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Cash-rich investors can absorb risks that first-time buyers often cannot. Learn about the Money Pit Shield, Earnest Money Shield, Appraisal Gap Shield, and Ownership Shield to keep your dream home from becoming a money pit.
| Contingency | Protects You From | Safer Alternative to Waiving |
|---|---|---|
| Inspection | Hidden, costly defects | Shorten the inspection window instead of waiving |
| Financing | Losing earnest money if your loan falls through | Shorten the financing window |
| Appraisal | Overpaying above true market value | Cap the appraisal gap instead of waiving entirely |
| Title | Hidden liens or ownership disputes | Require a title review -- rarely safe to waive |
Inspection Contingency
Don't waive this: A professional inspection helps uncover hidden issues that could cost you thousands. If necessary, consider a shortened timeline.
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This range is an automated estimate, not an appraisal. It is generated from ZIP-level market data and the characteristics you entered, data freshness varies by county, and it is not a valuation, an offer, or a commitment to lend. Refinancing, PMI removal, estate, tax, and legal use cases require review by a licensed appraiser.
Financing Contingency
Don't waive this: A shorter financing window can help ensure lenders prioritize your offer and protects you from financial surprises.
Appraisal Contingency
Don't waive this, but consider a capped appraisal gap: An appraisal ensures the home is worth the asking price. Capping the appraisal gap provides some flexibility while protecting your investment.
Title Contingency
Don't waive this: Title reviews protect you from hidden liens or ownership issues that could lead to financial loss.
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