article thumbnail

Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? Some people just focus on a home inspection and that’s not enough. That’s why we’ve put together this guide to due diligence for a homebuyer.

article thumbnail

The current REO market requires an expansion of services for business growth

Housing Wire

Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. Moreover, our network boasts a comprehensive national panel of independent contractors meticulously selected to meet rigorous due-diligence standards. HW: What are the risk management challenges for REO assets?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 Properties That Need More Due Diligence Before Purchasing

Realty Biz

When you are buying a home there are three types of properties that need more research and due diligence. Types of Properties With More Required Due Diligence. Short Sales Require Patience and Due Diligence. These kinds of properties include condemned houses, hoarder homes, and short sales.

article thumbnail

From consultation to closing: The definitive homebuying checklist

Housing Wire

Offers: Outline how making a competitive offer will work, including how price, contingencies, due diligence funds, and earnest money will impact how the seller views an offer. Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them.

Closing 202
article thumbnail

Simplified and Centralized Commercial Property Due Diligence

GeekEstate

Today’s showcase: CREtelligent ] A commercial property due diligence service provider before, during, and post-transaction, CREtelligent provides analytics and professional insights to CRE brokers, lenders, credit unions, REITS, insurance firms, retail businesses, and legal firms.

article thumbnail

What Happens if the Inspection Contingency Expires on a Home Offer?

HomeLight

For this reason, most contracts contain an inspection contingency clause. But what happens if the inspection contingency expires? In this guide, we’ll break down everything you need to know about home inspection contingencies, including what they are, how they work, and the implications of their expiration.

article thumbnail

Opinion: The pros and cons of VA modernization bill

Housing Wire

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.

VA loan 83