HomeLight

JANUARY 22, 2024

Fast facts about selling a house ‘as is’ in Michigan Median sales price in Michigan $291,186 Average days on market (DOM) for Michigan 42 Days Disclosures Michigan law requires sellers to disclose material facts about the property through the Seller Disclosure Act (Act 92 of 1993). yes, according to Jeff Todd. he adds.

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HomeLight

OCTOBER 31, 2022

Let’s jump into what you need to know about Florida’s seller disclosure form — and what it means for sellers, and buyers, in the Sunshine State. Find a Top Florida Agent to Help You Navigate Disclosures. The purpose of the disclosure form is to make known what you know. It can even help you close a deal sooner. “A

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HomeLight

OCTOBER 12, 2022

If you need assistance navigating the legalities of what to include on a home seller disclosure form in Utah, HomeLight always encourages you to reach out to your own advisor. We’ve consulted with a top real estate agent and researched items that must be disclosed to help make sense out of the seller disclosure form in Utah.

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Seller disclosure Purchase and sale agreement Homeowner’s association Inspection 111

HomeLight

OCTOBER 9, 2024

By anticipating common negotiation points, such as needed repairs or closing costs, you can stay prepared. However, ask your agent about local seller disclosure requirements before ordering a pre-listing inspection. To see what works best in your city, check out HomeLight’s Best Time to Sell Calculator.

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Purchase and sale agreement Inspection Marketing Seller disclosure 105

RIS Media

OCTOBER 5, 2020

One way this happens is through selling disclosures that must be presented to the buyer before the transaction closes. The age of HVAC systems is one component that appears on these seller disclosures, meaning that potential buyers will be fully aware of the age of your HVAC system.

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Windemere Selling

OCTOBER 25, 2023

Though this case had a ripple effect in the housing industry, you should still check with your agent regarding the seller disclosure laws in your local market. Although the laws around haunted disclosures are a bit murky, if a buyer asks about the history of the home, you as the seller have a duty to be honest.

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HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. In states where seller disclosures are not required, it’s a bit of a “buyer beware” situation. Estimated closing costs.

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Purchase and sale agreement Title Closing costs Seller disclosure 98

HomeLight

MARCH 3, 2025

[If applicable, provide a list of additional add-on disclosure forms here with links.] Real estate attorneys are considered essential for closing in the state of Rhode Island. According to the document, the seller must report any known changes to the Listing Licensee(s) before the sales agreement and closing.

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As-is Purchase and sale agreement Inspection Finance 52

HomeLight

MAY 28, 2021

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house. Working out a compromise with the seller may be in your best interest.

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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. Review seller disclosures.

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Agents Inspection Seller disclosure Closing costs 84

Redfin

MARCH 14, 2022

The seller only needs to disclose what is required by their state. When should a seller provide the disclosure? Typically, a seller’s disclosure is provided a few days after mutual acceptance during the closing stages of the transaction. However, some sellers may choose to disclose as early as home tours.

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Purchase and sale agreement Seller disclosure Due diligence Inspection 69

Redfin

MARCH 4, 2025

Seller’s disclosure on lead-based paint and/or lead-based paint hazards Lead-based paint may not be anyones favorite topic to discuss, but if youre selling an older home, you may have additional disclosure obligations. If not, you will sign these at closing.

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Realty Biz

JANUARY 10, 2024

Finally, you should prepare a seller's disclosure statement outlining any known defects or issues with the property. All of these items can be part of a comprehensive house closing checklist. Do I Need a Realtor to Sell My House as a First-Time Seller? If I can offer any assistance or answer other questions, contact me.

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Purchase and sale agreement Seller disclosure Staging Title search 103

HomeLight

OCTOBER 17, 2022

HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing. Is a seller’s disclosure form required in Georgia? Georgia sellers are not required to fill out a formal disclosure statement.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 105

HomeLight

OCTOBER 17, 2022

If you need assistance navigating the legalities of what to include on a PA seller disclosure form, HomeLight always encourages you to reach out to your own advisor. So, you’re getting ready to sell your Pennsylvania home, and among the many documents you’ll be signing in the process is a disclosure statement. Find Agent.

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Purchase and sale agreement Seller disclosure Inspection Agents 110

HomeLight

AUGUST 16, 2021

And if your house is close to a flood zone, but not technically in a flood zone, it’s wise to talk to your insurance agents about purchasing supplemental flood insurance … just in case! Mitigate the potential for any nasty surprises later by keeping tabs on the title review before closing. It’s not zoned for its use.

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Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. It is vital for both buyers and sellers to meticulously review these documents to ensure accuracy and avoid any misunderstandings or disputes.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

HomeLight

OCTOBER 14, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent.

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Purchase and sale agreement MLS Seller disclosure Agents 110

HomeLight

MARCH 31, 2022

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Disclosures: . Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. Request Offer.

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HomeLight

JANUARY 5, 2022

If you choose to accept it, you could close in as few as 10 days. Though not every state requires seller disclosures. On the federal level, sellers aren’t legally required to disclose asbestos , but that doesn’t mean the state or local municipality won’t require a disclosure. Nelson Zide. Real Estate Agent.

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Seller disclosure Inspection Agents As-is 109

HomeLight

APRIL 29, 2022

Skip repairs and close in as few as 10 days. Disclosures. Seller Disclosure Statement. Real estate attorneys are not considered essential for closing in the state of Washington, but it may be advisable to hire one. Mention in your as-is listing if your home is close to any of the following: Schools.

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As-is Purchase and sale agreement Investor Inspection 95

HomeLight

NOVEMBER 30, 2024

Legal liabilities can arise if you fail to comply with Rhode Island’s seller disclosure laws. For example, while FSBO sellers might initially save on agent fees, research shows they often leave significant money on the table. In Rhode Island, sellers are required to hire an attorney to close a home sale.

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HomeLight

OCTOBER 20, 2022

If you need assistance navigating the legalities of what to disclose when selling a home in New Jersey (NJ) or using seller disclosure forms, HomeLight always encourages you to reach out to your own advisor. Do sellers have to disclose anything other than lead paint hazards? Find Agent. Joanne Botwinick. Real Estate Agent.

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Purchase and sale agreement Inspection Construction Land 111

Redfin

MAY 5, 2023

Additionally, local real estate agents can help you navigate the complex homebuying process in Texas, including property search, offer negotiation, and closing. The offer includes the purchase price you are willing to pay, any contingencies or conditions of the sale, and the proposed timeline for closing the transaction.

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Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 66

HomeLight

JANUARY 10, 2023

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then split 50/50 with the buyer’s agent.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 111

HomeLight

JULY 31, 2021

That would allow you to skip today’s average 7-plus week mortgage closing period and the hassles of leaving the comfort of your AC for showings. Roberts adds: “The closing timeline depends a lot on the seller’s situation. If they want a quick close and the title is free and clear, it can happen as fast as 10 days.

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Investor Seller disclosure Sales Closing 98

HomeLight

FEBRUARY 9, 2023

If you need assistance navigating the legalities of what to include on a home seller disclosure form in New York State, HomeLight always encourages you to reach out to your own advisor. Find Agent When and how is the disclosure made? When buyers waive inspections, they are less aware of defects with properties.

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Purchase and sale agreement Inspection Residential Agents 105

HomeLight

OCTOBER 25, 2022

It includes a lock box, documentation, settlement statements, negotiations, and closing assistance. The company provides extra closing assistance in addition to a simple MLS listing. It also includes closing assistance and negotiations. It also features phone and email support, as well as seller disclosures.

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MLS Agents Sales Seller disclosure 110

HomeLight

OCTOBER 20, 2022

This establishes your ownership, along with details such as purchase price and previous seller disclosures. Many FSBO sellers will purchase a pre-listing appraisal. The buyer needs this in order to calculate the cost of taxes at closing. Prepare for closing. 7 mistakes FSBO sellers make and how to avoid them.

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Purchase and sale agreement Pre-approval Inspection Title 111

HomeLight

NOVEMBER 10, 2021

A local agent will know how to write a competitive offer and what sellers in the market prefer. They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. Sometimes sellers can be leery of long-distance buyers who haven’t seen the home in person.

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Inspection Title Agents Pre-approval 98

Redfin

AUGUST 3, 2021

You may be able to get the listing agent to agree to be there for these tasks in the interest of closing the deal. Again, everyone is different; some listing agents will be happy to go the extra mile to close the deal, while others will insist on at least a partial cut of what would have been paid to your real estate agent. .

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Agents Pre-approval Inspection Seller disclosure 73

HomeLight

JUNE 30, 2021

In some states, an attorney will oversee the closing of the sale instead of a title company; if you’re going it alone, regardless, it’s a good idea to think about hiring one. Contingencies are certain conditions that must be met before the closing date and typically relate to financing, inspections, appraisals, and home sale.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

HomeLight

NOVEMBER 29, 2021

The flat fee company posts the listing on the MLS, and the seller is responsible for showing their home, negotiating with either the buyer or the buyer’s agent, and managing the closing timeline. An agent also explains how contract terms impact the seller. Navigate the settlement process and close your home sale.

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Purchase and sale agreement MLS Inspection Agents 98

HomeLight

FEBRUARY 26, 2021

When your main objective is to maximize the value of your home, you should look for an agent with these qualities: High sale-to-list price ratio: The sale-to-list price ratio is a number assigned to a real estate transaction after it closes. Maybe it’s a leaky faucet, or a door that won’t quite close unless you slam it.

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Inspection Staging Agents Seller disclosure 106

Lighter Side of Real Estate

FEBRUARY 17, 2023

c) Use an amount close to what your agent recommends, based upon a thorough market analysis. When filling out the sellers disclosure form about things you know are wrong with the house, you should: a) Only list the things you think are obvious and that the buyer or their inspector will actually notice or figure out.

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Renovation Seller disclosure Agents Inspection 98

HomeLight

DECEMBER 29, 2020

Seller disclosures as required by your state or local MLS, which may include: Knowledge of structural or material defects. After breaking things down, it’s clear to see how an all-encompassing listing information package — whether print, digital, or both — can help you (and your seller!) accelerate toward the closing table.

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Sales Seller disclosure Agents Renovation 98

HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. Available to sellers in Orlando. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. Barrett Spray Real Estate Agent Close Barrett Spray Real Estate Agent at Keller Williams 5.0

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