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Reply to "Waiving finc contingency -- what are we risking?"
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[quote=Anonymous][quote=Anonymous]As an agent once told me: “Its fine to waive most contingencies. However don’t waive the financing contingency, unless your dad owns bank or you can pay cash for the entire house.”[/quote] We waived everything EXCEPT the financing contingency for this reason; however the people who bought our house waived ALL contingencies, including financing. One of their moms was their agent and the other's dad worked for their lender. They knew they were getting the loan and we closed in les than two weeks.[/quote]
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