Definition
Removal of offer contingencies (inspection, appraisal, financing) to strengthen offer in competitive markets.
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Contingency waivers remove buyer protections in exchange for offer competitiveness. Waivers create risk if major issues discovered or financing unavailable. Waiver strategy depends on market conditions and buyer confidence.
Pro Tip
Don't waive all contingencies; maintain some protections (financing contingency minimum) for financial safety.
Example
In multiple offer situation, buyer waives inspection and appraisal contingencies to strengthen offer vs. competitors