HomeLight

DECEMBER 30, 2023

Contingencies while ‘under contract’ Here are some common types of contingencies in residential home sales: Financing contingency: A financing or mortgage contingency safeguards buyers who need to finalize a home loan. If contingencies are not met, the deal might fall through. Sellers are often wary of this clause.

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HomeLight

MAY 23, 2022

Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Real estate attorneys are not considered essential for closing in the state of Indiana. “As These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

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AAOA

MARCH 24, 2025

After finding the right property, conduct a thorough inspection and review its financials to ensure it meets your criteria. A multifamily unit refers to any property with more than one residential unit. After your offer is accepted, youll begin the closing process. Research potential locations and secure financing options.

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Property Management Debt-to-income ratio Renovation Loans 66

HomeLight

AUGUST 24, 2022

The law requires sellers to disclose material facts about the property through the Residential Property Condition Disclosure Report. A good time to fill out a Residential Property Condition Disclosure Report is prior to listing your home or requesting an offer so that you know it’s taken care of. Consider a pre-listing inspection.

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The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. The site agent will also help coordinate interim inspections. “I

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Construction Inspection New Construction Residential 97

Realty Biz

JUNE 7, 2021

The contingencies are clauses in a sales contract that typically fall under three major categories: appraisal, home inspection, and mortgage approval. A home inspection contingency means that no unknown major problems are found with the house. Home inspection. A house does not pass or fail a home inspection.

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Inspection Closing costs Inspection contingency Loans 92

HomeLight

APRIL 2, 2025

508D statute says, at 508D-4 and 508D-5 , that no one may sell residential real property without signing and dating a disclosure statement within the six months before or ten calendar days after accepting a prospective buyer’s real estate purchase offer. Hawaii Rev. I think that there are advantages to it.

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HomeLight

MAY 8, 2024

Real estate attorneys are not considered essential for closing in the state of Louisiana Real estate transfer taxes? Before listing your home, you will need to fill out the Louisiana Residential Property Disclosure so that potential buyers are aware of what they are getting into. No Is a real estate attorney required?

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HomeLight

AUGUST 31, 2021

Certified Residential Specialist (CRS) : Agents trained and knowledgeable in buying and selling residential properties. To receive this credential, agents must complete a thorough course on the ins and outs of residential sales. What are closing costs? What’s the best way to contact you? How much will they be?

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Agents Closing costs Inspection Residential 130

HomeLight

MAY 26, 2021

According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. The difference between a home appraisal and a home inspection. A home inspection : . Source: (Erik Mclean / Unsplash). What is a home appraisal?

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HomeLight

MAY 19, 2022

Maryland law requires sellers to disclose material facts about the property through the Maryland Residential Property Disclosure and Disclaimer Statement. A good time to fill out the Maryland Residential Property Disclosure and Disclaimer Statement is prior to listing your home or requesting an offer so that you know it’s taken care of.

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HomeLight

JULY 25, 2022

Frequently, the inspection serves as the buyers’ safety net. “If If the inspection shows some damage that nobody was aware of,” Tom explains, “it usually results in renegotiation of the deal — either the price or the repair gets fixed.”. Buyers still have the responsibility to have the property inspected.

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Realtor.com

NOVEMBER 8, 2022

But now, the shoe is on the other foot, and 92% of home sellers are accepting some buyer-friendly terms (frequently related to home inspections, financing, or appraisals), according to a Realtor.com survey. This time last year, desperate buyers were willing to waive finance contingencies, inspections, and more to snag their dream home.

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HomeLight

JULY 28, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Closing costs: Sellers pay no closing costs; We Buy Houses in Connecticut covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight.

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HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. These include: Seller’s property disclosure (residential).

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HomeLight

MARCH 31, 2022

Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. Real estate attorneys are not considered essential for closing in the state of Arizona. FSBO sellers in Arizona may consider getting a home inspection prior to listing their home for sale. Disclosures: .

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The Close

MARCH 11, 2025

Bridge loans: These are primarily used for commercial assets to aid in residential property acquisition so investors dont miss out on lucrative opportunities. If your offer is accepted, the next step would be to perform a property inspection and appraisal. For options, check our recommended hard money lenders.

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Realty Biz

JULY 11, 2022

For instance, along with the down payment, an agent can help you understand how much money you’ll need for closing costs. As an example, you’ll probably pay for the appraisal as a closing cost. But even before closing, you’ll need to pay for a professional inspection out of your pocket.

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HomeLight

DECEMBER 23, 2021

Whether you’re selling a mid-century ranch in an established neighborhood, a 1920s arts and crafts bungalow on a tree-lined avenue, or a brand new contemporary white box in a just-built subdivision, a home inspection may very well reveal code violations. It came to light during the home inspection. What are code violations?

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HomeLight

JULY 25, 2022

According to the document, any owner of a residential property that is comprised of a single dwelling unit must disclose basic information before selling. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Consider a pre-listing inspection. Price to reflect ‘as is’ condition.

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HomeLight

MARCH 31, 2022

FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale. Addressing any issues upfront helps buyers have peace of mind when making an offer and helps to prevent inspection-related closing delays. Closing costs. Get Estimate. According to the document, “??In

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

JANUARY 22, 2024

Real estate attorneys are not considered essential for closing in the state of Virginia Real estate transfer taxes? A good time to fill out a Residential Property Disclosure Statement is prior to listing your home or requesting an offer so that you know it’s taken care of. Yes Is a real estate attorney required?

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HomeLight

MAY 23, 2022

North Carolina state law requires sellers to disclose material facts about the property through the Residential Property and Owners’ Association Disclosure Statement. Real estate attorneys are considered essential for closing in the state of North Carolina. Consider a pre-listing inspection. 23 days (from listing to contract).

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HomeLight

DECEMBER 29, 2023

According to the document, The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller’s possession and notify the buyer of any known lead-based paint hazards.

As-is 111

As-is Inspection Investor Closing costs 111

Redfin

JUNE 11, 2021

You’ve gotten preapproved for a home mortgage, found your dream home, negotiated an agreeable sales price, successfully maneuvered through the home inspection process, and finally, you have a fully executed sales contract in hand for your new house. . Who orders the appraisal and when? What happens during an appraisal?

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HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Oklahoma Median sales price in Oklahoma $235,000 Average days on market (DOM) for Oklahoma 44 days Disclosures Oklahoma law requires sellers to disclose material facts about the property through the Residential Property Condition Disclosure Statement. MLS has a field to mark a listing “as is”?

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HomeLight

AUGUST 23, 2022

Ohio law requires sellers to disclose material facts about the property through the Residential Property Disclosure Form. Real estate attorneys are not considered essential for closing in the state of Ohio. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. 281,176 (June 2022).

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HomeLight

AUGUST 12, 2022

Illinois law requires sellers to disclose material facts about the property through the Illinois Association of Realtors Residential Real Property Disclosure Report. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Consider a pre-listing inspection . Disclosures.

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HomeLight

JULY 31, 2021

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Closing costs. According to Shipwash, some home-buying companies will agree to pay all of the closing costs , which could save you thousands of dollars. Inspection period.

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HomeLight

JANUARY 10, 2023

For example, the California Association of Realtors (CAR) lists no fewer than 10 disclosure forms required for nearly all residential real estate transactions, with dozens of additional stipulations and advisories for buyers and sellers to know about. Step 1: Address needed repairs and maintenance.

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HomeLight

FEBRUARY 28, 2021

There are also additional expenses to consider, including taxes, home insurance, home maintenance, and inspection costs. Issues like these and others can impact your insurance premiums and are important to uncover in a home inspection. Home inspections. Source: (Daniel Ramírez / Unsplash). Know the neighborhoods.

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HomeLight

JANUARY 22, 2024

It’s gonna be residential [properties] and farms as well. A good time to fill out Colorado Residential Property Disclosure is before listing your home or requesting an offer so that you know it’s taken care of. These companies can help sellers cash out quickly, and many will cover a seller’s closing costs.

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As-is Inspection Finance Investor 111

Redfin

FEBRUARY 24, 2025

Unexpected expenses: Unforeseen challenges, such as discovering hidden underground utilities, can lead to additional costs. Financing and closing costs: If you’re financing the land purchase or construction, anticipate paying 2% to 5% of the loan amount in closing costs. is $419,200. through 2025.

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Debt-to-income ratio Construction Land Renovation 31

HomeLight

APRIL 28, 2023

Step 1: Address needed repairs and maintenance FSBO sellers in Texas may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them.

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Purchase and sale agreement Inspection Title Inspection contingency 102

HomeLight

DECEMBER 31, 2023

Fast facts about selling a house ‘as is’ in Arizona Median sales price in Arizona $430,990 Average days on market (DOM) for Arizona 56 Disclosures Arizona law requires sellers to disclose material facts about the property through the Residential Seller’s Property Disclosure Statement (SPDS) MLS has a field to mark a listing “as is”?

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Realty Biz

JULY 7, 2021

One contingency that is almost always wise to include is a home inspection to be sure you aren’t buying a major problem that you aren’t aware of. The type of contingencies that you might want to skip is for the seller to pay part of your closing costs or for a home warranty. Require a minimal home inspection.

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Realty Biz

SEPTEMBER 28, 2022

That is a main reason why most lenders require an inspection of the property before they lend the money. Most states mandate that homeowners fill out a residential disclosure form which includes specific disclosures about the roof. They will then request an inspection. They may close within 14 days. Selling Quickly.

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