Risk Management in Writing Real Estate Contracts
09/20/23 • 29 min
In highly competitive real estate markets, it's not uncommon to hear Realtors advocating for a strategy that involves offering the highest price, waiving contingencies, and closing the deal faster than other buyers. But is this approach suitable for everyone, or even advisable? In this episode, we'll uncover the strategies and techniques you can employ to effectively manage your personal risk when considering the option of waiving contingencies or shortening timelines.
In highly competitive real estate markets, it's not uncommon to hear Realtors advocating for a strategy that involves offering the highest price, waiving contingencies, and closing the deal faster than other buyers. But is this approach suitable for everyone, or even advisable? In this episode, we'll uncover the strategies and techniques you can employ to effectively manage your personal risk when considering the option of waiving contingencies or shortening timelines.
Previous Episode
Winning a Bidding War
Many areas around the country are experiencing an inventory crisis where there are simply not as many houses for sale as there are buyers. As a result, it is not uncommon to see 5-10 people bidding on the same house. In this episode of Mortgage Secrets, John will give you a unique perspective on what it takes to write a winning contract. You’ll realize, it can be about much more than the price!
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