HomeLight

MAY 28, 2021

An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. You think it’s almost too good to be true when you see one crucial caveat: It’s selling “as-is.” Red flags pop immediately into your head; you assume that can only be a nightmare. Source: (Max Murauer / Unsplash).

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HomeLight

DECEMBER 7, 2021

Whether you’re buying, selling, or refinancing a home, you’re probably going to have to endure a home inspection. It can necessitate a lot of preparation and cause a certain amount of anxiety, but a home inspection is an important part of the process when you’re selling a home. But what’s inspected? Prepare for an inspection.

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RIS Media

APRIL 8, 2022

Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. The title search reveals issues. The title needs to be clean. Contingent meaning. Real estate listings go through different stages.

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HomeLight

OCTOBER 30, 2020

Problems come up during inspection. However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. If you’re looking to buy a home, you’ve probably heard that cash is kind of a big deal in real estate. But is the cash closing process always seamless? Because it’s fast. Not always!

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Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Clear the title.

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HomeLight

JULY 12, 2024

Here’s what you can expect: Title search: Verifying the property’s legal ownership and any existing liens or claims. Home inspections: Conduct a thorough inspection of the property to identify any issues that need addressing. Required repairs: Making necessary fixes based on inspection results.

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HomeLight

JANUARY 17, 2024

A major issue was revealed in the home inspection: Discovering significant problems like structural damage or major system failures during inspection can be a deal-breaker. Buying a house is a major milestone, but what happens when you have second thoughts, or you can’t fulfill the agreement you signed?

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HomeLight

MAY 24, 2022

Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. Many companies combine title and escrow services under one roof, as their functions are closely interrelated. Why pay cash for a home?

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HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. It almost certainly will not move as quickly as anticipated. is not a simple or finite one.

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RIS Media

SEPTEMBER 21, 2020

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. Here are 15 homebuying terms you should become familiar with before you start your home search: . Fees may include the appraisal, the home inspection, a title search, a pest inspection and more.

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Realtor.com

NOVEMBER 15, 2022

Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. Sellers can also offer to pay for repairs should the home inspection reveal that they’re necessary.

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Norada Real Estate

APRIL 15, 2023

Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency. This contingency allows the buyer to have the home inspected and negotiate repairs or credits with the seller. But how long can a house be under contract?

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HomeLight

JANUARY 5, 2022

Whether you have a mountain cabin, beach bungalow, ski slope condo, or beautiful home anywhere in the country, you’ve probably heard more than one visitor exclaim: “Wow! This place is gorgeous! If you ever decide to sell, please let me know.”. Well, that day has come. And, it turns out your friend is serious about buying your home. Find Agent.

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Point2Homes

DECEMBER 7, 2020

Image: Andy Dean Photography / Shutterstock.com. If your ability to afford the mortgage payments on the home you want to buy is causing you concern, buying a foreclosure home may make a lot of sense. Plus, it will also allow you to get more for your money — which could enable you to get to live in the neighborhood you really want.

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CT Homes

JULY 6, 2020

Getting from the loan application to closing has multiple steps including the appraisal, application review, title search, homeowner’s insurance, condition review and closing document distribution. Inspections. A typical first step once a financed offer is accepted is the home inspection. Financing Obstacles.

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HomeLight

MARCH 31, 2021

Title search fee. After you accept the buyer’s offer, an attorney performs a title search to ensure the property is free and clear of liens or other conflicts of ownership. On average, title search fees run between $100 to $200. Title insurance. On average, title insurance costs between 0.5%

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HomeLight

MARCH 2, 2023

This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs.

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HomeLight

JULY 31, 2022

You’ve decided it’s time to buy a house ! One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. Find a lender you can trust. Research your ideal neighborhoods.

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Point2Homes

JUNE 4, 2021

In rare cases, you can request a home inspection ; however, these inspections have limitations. The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. It’s also essential to run a title search on the property.

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HomeLight

JUNE 23, 2022

It is usually held in the broker’s or title company’s trust or escrow account until closing. DISCLAIMER: This blog post is meant to be used for informational purposes only, not legal advice. What is earnest money? Earnest money is often referred to as a “good faith” deposit. The typical amount is around 1% of the purchase price (ex. $5k

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HomeLight

NOVEMBER 10, 2021

If a buyer uses an agent, a seller may also be asked to pay all or part of the buyer’s agent commission. Who pays closing costs when selling a house depends on what’s custom for the location where the property is sold as well as how negotiations unfold. Source: (Shot by Cerqueira / Unsplash). Buyer’s agent fee (~3%). When FSBO buyer is known.

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HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? You simply request a cash offer from fully vetted cash buyers.

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HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. In addition to price, the purchase and sale agreement details other points of negotiation, such as who gets to keep the fridge, the buyer’s inspection period, how much the buyer will put down in earnest money — and your closing date. 1 and accept an offer on Jan.

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HomeLight

SEPTEMBER 1, 2022

While the median price of a home in Connecticut was $361,501 , as of July 2022, housing prices can vary greatly, and those seeking to buy in some of the more sought-after areas might find themselves paying well over one million for their dream home. Let’s dive into the steps of buying a house in Connecticut: 1. Assess your readiness.

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Redfin

FEBRUARY 20, 2025

On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. However, there are some costs associated with selling your home, like repairs, staging, and pre-listing inspections, that may also need to be paid before closing.

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HomeLight

MARCH 6, 2023

While it’s long been considered a hub for big tech, the Bay Area, which includes San Francisco, Oakland, San José, and Sonoma, is also family friendly, diverse, and rich in arts, culture, and history. The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Looking to Buy Your Dream Home in the Bay Area?

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HomeLight

OCTOBER 20, 2022

Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling. Pre-inspection. For Sale By Owner (FSBO). How Much Is Your Home Worth Now? Mortgage statement with payoff amount.

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HomeLight

NOVEMBER 9, 2021

New York sellers cover these closing costs. Closing costs are the fees paid to finalize the real estate transaction. Some of them are negotiable, but certain charges are mandatory, such as taxes and fees for home sales in New York City. There can be additional costs depending on the type of property sold. Property taxes. Star exemption.

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HomeLight

SEPTEMBER 9, 2020

As you search for a home, remember that cosmetic details, like the color of paint on the walls or the landscaping out front, are easy and inexpensive to change. Buying a house with cash is a process, though, and it doesn’t always make sense. Buying a house with cash: The process. Get the cash together. Find your house.

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HomeLight

APRIL 20, 2023

Typically, buyers are responsible for mortgage and inspection-related costs, and sellers are responsible for agent and documentation-related costs. For example, a motivated seller might consider covering part or all of the inspection and appraisal fees for a buyer in order to help close the deal.

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HomeLight

AUGUST 24, 2022

Disclaimer: A friendly reminder, information in this blog post is meant to be used for educational purposes only, not as a substitute for professional tax or legal advice. Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? Good news: Housing in the Sunshine State couldn’t be a hotter commodity.

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RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. Common contingencies relate to a home inspection and financing, but there may be others. What Is a Pending Sale?

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HomeLight

JULY 26, 2022

In a best case scenario, negotiations go smoothly, the inspection doesn’t reveal any major issues, the appraisal comes in right where it should, and the whole process is very efficient (we’ll get into what could create some hiccups later on). Is it a yard sale? A political sign? A contractor’s information? No…it’s a for sale sign!!!

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HomeLight

JANUARY 31, 2025

Title insurance for the buyer: A policy that protects the buyer against claims on the propertys title. While the buyer is responsible for a lenders title insurance policy, the seller often pays for the owners policy as part of the offer negotiation. Connect with your top agent matches today at no cost.

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HomeLight

SEPTEMBER 1, 2022

And while those are all great perks, there’s a lot more to the Sunshine State than amusement parks and beaches. Florida, which averages 237 sunny days a year (hence the Sunshine State moniker), is known for its generally mild climate and an abundance of outdoor activities. With all these benefits, it makes sense that Florida’s population is booming.

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Realty Biz

AUGUST 22, 2022

Here are a few of those potential additional costs: Home Inspection Fee. They will come and inspect the property to make sure that it is in good condition and that there are no major problems. Many people will try to avoid getting a home inspection in order to save money. Home Appraisal Fee. Homeowners Insurance. Closing Costs.

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Point2Homes

NOVEMBER 16, 2022

They’ll have access to even more search tools and can guide you through the entire process. Have the Land Inspected. Like a home inspection , it’s essential to inspect the land before you sign on the dotted line. Like a home inspection , it’s essential to inspect the land before you sign on the dotted line.

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