The Contingency Waiver Strategy Brief
4 fill-in slots · from The AI Prompt Handbook for Real Estate Professionals
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0/4 filledThe Contingency Waiver Strategy Brief
Help me weigh waiving or shortening a contingency. My client: [BUYER] Contingency in question: [INSPECTION / APPRAISAL / FINANCING / SALE OF HOME] Current terms: [DESCRIBE] Competition and client motivation: [DESCRIBE HONESTLY] Client's risk tolerance and reserves: [DESCRIBE] Produce: 1. What this contingency protects against, plainly 2. What is actually given up by waiving or shortening it 3. The concrete downside scenario if the risk materialises 4. Middle options short of a full waiver — shortened period, partial waiver, information-only 5. How this changes the offer's competitiveness 6. Questions the client must answer before deciding 7. The point at which the risk outweighs the advantage Rules: - Lay out the trade-off; the decision is the client's - Do not state the legal effect of any waiver — mark [REFER TO CONTRACT / ATTORNEY] - Do not advise waiving a contingency to win; present the risk honestly - No claims about market leverage I have not supplied - Mark procedural points as [VERIFY AGAINST STATE LAW, BROKERAGE POLICY AND MLS RULES]
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