HomeLight

NOVEMBER 12, 2024

The concept of caveat emptor traces back to Roman law, where buyers were expected to exercise due diligence and investigate the products they intended to buy. For instance, most states with caveat emptor laws require sellers to disclose known health or safety hazards, even if the buyer is expected to perform a property inspection.

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Housing Wire

JANUARY 3, 2023

To begin with, I applaud the flexibility of allowing desktop or drive-by appraisals, but at the same time this would seem to fundamentally alter the requirement of the appraiser to inspect the property to ensure Minimum Property Requirements (MPRs) are met. MPRs protect the borrower, the home, and the financial investment made by all parties.

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Housing Wire

JUNE 18, 2021

BPO inspections are done by real estate agents from the street, often never leaving their cars when they snap their photos and make arbitrary notes. This can also enable due diligence teams to both stay lean and focus on analyzing the most challenging properties, rather than relying on bad data or random sampling.

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Housing Wire

MARCH 11, 2022

They also] don’t like FHA loans, because now that creates the amendatory clause, and more inspections and stuff like that. Due diligence is also a priority for Fairway, Hultquist says, and certain necessities are encouraged by the lender. “We Real estate agents hate dealing with call centers,” he says.

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Housing Wire

NOVEMBER 22, 2023

If we’re collecting the data upfront at point of list to support these processes that are now available, like IBW, inspection based waivers , or desktop appraisals — which the GSEs have rolled out in the last year — an appraiser can do an appraisal in a matter of hours.

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HomeLight

AUGUST 31, 2020

The home inspection : It’s that critical moment when the buyer anticipates that everything will be okay with the house — and it’s the time where sellers are biting their nails. Here are some of the most common repairs needed after a home inspection or a specialized home inspection. Then, they document their findings. Dead trees.

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McKissock

JANUARY 11, 2022

It mostly depends on the lender requirements, but you are also going to be sure you practice due diligence. Not only will you conduct an extensive lot inspection before construction starts, but you may also need to visit the property during construction—to assess progress and detail when work is complete. Final inspection.

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HomeLight

JULY 22, 2024

When you’re buying an existing house, there’s hardly any question that you’d want a home inspection. Clearly, you’d do your due diligence on its condition before you commit to purchasing it at a given price. Find Agent The answer is yes: Experts say you really should get a home inspection on a new construction home.

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HomeLight

AUGUST 23, 2021

Now it’s time to start moving through the process of finalizing the sale, which includes getting an inspection of the property. While they aren’t necessarily required by your mortgage lender, a home inspection is an important part of your home purchase. But how long will this inspection take? What is a home inspection?

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Realty Biz

APRIL 26, 2021

Septic inspections are a normal practice when buying a home that does not have a public sewer. Proceeding with the right measures and inspections at the right time will prevent you from unpleasant incidents and money loss. Getting a septic inspection is critical when buying a home. Things to Know About Septic System Inspections.

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HomeLight

FEBRUARY 20, 2025

As of December 2024, 18% of buyers waived the appraisal contingency , with other buyers waiving, for example, inspection contingencies to likewise make their offers more enticing to sellers. Not all purchases are the same, and waiving an appraisal contingency without doing your due diligence first may cost you more money down the line.

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CT Homes

MARCH 8, 2021

Should you get a rental property inspection before signing a lease? A home inspection is the norm when you buy property, but they’re virtually unheard of for renters. If you ask for a rental property inspection before signing a lease, are you just being a pain, or are you making a smart decision? Is that a big mistake?

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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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HomeLight

SEPTEMBER 21, 2023

Before the settlement — when you start signing documents — you’ll have to get through what’s called an “inspection period” or “due diligence period,” depending on where you live. From that point when that inspection period ends, most times the seller is going to make it to the settlement table,” Overman explains.

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Redfin

APRIL 1, 2025

Whether youre in the process of selling a home in Dallas or buying a house to rent out in Philadelphia , youre likely no stranger to the importance of a home inspection. You might even be familiar with other specialty inspections for aspects of the home that affect everyday life, such as the roof or HVAC system. Home Inspection says.

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The Close

NOVEMBER 7, 2024

Do your due diligence on the property, and show up ready to bid. Visit Zillow Step 4: Evaluate Potential Properties Once you’ve spotted potential real estate investment properties, you must dig into the details before moving (aka due diligence). Hire a home inspector and get a thorough inspection report.

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GeekEstate

APRIL 13, 2021

Our CRE due diligence platform and services expedite transaction times for all participants in the commercial real estate ecosystem. Our goal is to empower the CRE industry by solving the time-consuming due diligence processes ruled by manual, disconnected practices. My name is Anthony Romano, and the CEO of CREtelligent.

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Realty Biz

SEPTEMBER 29, 2022

When you’re buying a house, it’s important to have it inspected to ensure that there are no major problems that could end up costing you in the future. There are different types of inspections that you can choose from, and each has its own advantages and disadvantages. Pest Inspection. Sewer Inspection.

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HomeLight

OCTOBER 26, 2021

The home inspection is a buyer’s single best opportunity to assess a home’s condition. Put another way, the inspection will let you know if you can celebrate, should save for necessary repairs, or run for the hills. But what’s most important in a home inspection? And what happens if you get a problematic inspection report?

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Marco Santarelli

MARCH 22, 2025

Remember the days of rocketing prices, houses selling within hours of being listed, and having to waive inspections just to stand a chance? Do your due diligence: Inspect properties thoroughly and don't waive important contingencies just to win a deal. It was wild! But things are changing.

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CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. Companies that buy houses for cash say they’re non-contingent and that they “don’t need an inspection period”.

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The Close

MARCH 11, 2025

It’s also essential to verify all information provided by the homeowner with proper due diligence to ensure your investment decision is well-informed and data-backed. If your offer is accepted, the next step would be to perform a property inspection and appraisal. Each state has its own laws on the contingency period.

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AAOA

JANUARY 27, 2025

Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. Property inspection Hire a professional inspector to examine the building’s structural integrity, plumbing, electrical systems and the state of the individual units.

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HomeLight

JUNE 23, 2022

Suppose the inspection uncovers issues that are unacceptable to the buyer. Finally, in very competitive markets, some buyers may choose to remove certain contingencies altogether, and have their earnest money “go hard,” meaning become non-refundable, after a certain period of time (such as after a very short inspection period).

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Realtor.com

JANUARY 13, 2021

Go beyond standard due diligence. A home inspection is standard operating procedure for anyone buying a home, but a long-distance purchase should always go through rigorous vetting to make sure you’re not buying a money pit. Typically, the buyer pays for the home inspection during the escrow period.

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HomeLight

AUGUST 31, 2021

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems. A cash buyer is more likely to waive appraisal and inspections.

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Redfin

MARCH 4, 2025

In some instances, you may request an opportunity to inspect the property for informational purposes only, even though you have already contractually obligated yourself to purchase the property. You’re giving up the very significant opportunity for inspections found during most real estate transactions.

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Bigger Pockets

MARCH 14, 2023

You’ve found your market, done your due diligence, passed your inspections, and now you’re asking, “what’s next?” Don’t know what to do AFTER closing on a house? Two of our […]

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AAOA

FEBRUARY 17, 2025

Perform Due Diligence Inspect properties thoroughly before purchase to uncover potential issues that could affect profitability. Evaluate Property Management Decide whether you will manage the property yourself or hire a professional management company. Consider the impact of management on tenant satisfaction and retention.

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Redfin

AUGUST 23, 2023

Among the crucial steps that potential homeowners must undertake, a comprehensive home inspection is one of the most important. Why should you get a home inspection in Ohio? Getting a home inspection in Ohio is essential for uncovering potential issues that might not be visible during a casual walkthrough.

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Realtor.com

FEBRUARY 12, 2021

In these conditions, many are tempted to waive inspections or skip other due diligence they would normally perform before buying a home. The family didn’t find the wasps until after closing because they had waived the inspection in the midst of a bidding war, said Ms. Helynn Ospina for The Wall Street Journal.

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Redfin

MARCH 18, 2021

It’s easy to get caught up in the excitement of buying a home, but you’ll want to make sure you include a home inspection in your list of priorities to avoid any potential issues or unforeseen costs as you get further into the homebuying process. . A general home inspection is almost always recommended for anyone buying a home.

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Redfin

AUGUST 23, 2023

When embarking on the exciting journey of buying a new home in Washington, there’s a crucial step that should never be overlooked: the home inspection. A home inspection is a complete assessment of a house’s condition. Why should you get a home inspection in Washington? Are home inspections required in Washington?

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Redfin

AUGUST 23, 2023

However, the process can also be intricate and overwhelming, especially when it comes to understanding the nuances of home inspections. If you’re looking to buy a home in Baltimore, MD , the significance of a comprehensive home inspection cannot be overstated. Why should you get a home inspection in Maryland? Let’s get started.

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HomeLight

OCTOBER 9, 2023

Working with house-buying companies in Missouri For those Missouri homeowners seeking a quick, hassle-free sale, here’s a succinct breakdown of how the process typically unfolds with these all-cash buyers: Research potential buyers: Before diving in, do your due diligence. This is often done through an online form.

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Redfin

AUGUST 25, 2023

Buying a house in the great state of Oklahoma, such as in the beautiful cities of Oklahoma city and Tulsa , is an exciting and significant step for homebuyers, but it comes with its fair share of complexities, particularly when it comes to understanding the ins and outs of home inspections. Why should you get a home inspection in Oklahoma?

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HomeLight

SEPTEMBER 16, 2022

Before inspections, you may fear the state of the home or the seller’s willingness to negotiate repairs if the home needs serious work. For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. Type of inspections needed for the buyer to do their due diligence.

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