The 2019 Realtor Confidence Index Survey says 74% of home purchasing contracts contain contingencies, with the most common ones pertaining to home inspections, getting a acceptable appraisal, and obtaining a loan.
That means 26% of buyer home purchasing contracts do not contain any contingencies at all.
Sellers LOVE non-contingent offers.
That means that if the buyer backs out of the deal, for whatever reason, the buyer could lose their deposit to the seller (usually 3% of the purchase price).
Wouldn't you find a non-contingent offer appealing if you were selling your home?
