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How Does a Title Search Work

Realty Biz

When you’re buying a home, you’ll need a title search so that you can get title insurance. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on. We will take a look at the things you need to know about a title search and how it works.

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Due Diligence in Real Estate

AAOA

Due diligence is a critical step in purchasing real estate. This includes performing physical due diligence on the building, financial due diligence by reviewing financial records and all the paperwork, and legal due diligence to ensure everything is in order from a legal perspective.

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Considering Waiving the Appraisal Contingency? Here’s What to Know

HomeLight

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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After the Home Inspection, What’s Next for Sellers?

HomeLight

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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A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back

HomeLight

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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Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

Problems come up during inspection. Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it. But understand that inspections can delay the deal. The title isn’t clear.

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Finding Out Who Owns a Property You Want to Purchase

Realty Biz

Due Diligence and Safety Are Vital. Finding who the owner of a house is and clarifying whether this property is clear of all financial burdens are an important part of the due diligence process before the actual purchase of the property. Once you find the owner doing proper due diligence will be critical.