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Due Diligence in Real Estate

AAOA

Due diligence is a critical step in purchasing real estate. Its your chance to check out a property before sealing the deal, ensuring the buyer and seller are fully informed. Either way, due diligence protects your investment, is an integral part, and ultimately gives you peace of mind.

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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. That’s why due diligence on the part of a homebuyer is vital. Research the house.

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Ask Brian: Home Buyer Beware

Realty Biz

The sales listing had described the garage as converted into a one-bedroom, one-bath, with a large family room and private entry. Now, the new owner is suing the real estate agent and seller for fraud by questioning if the garage was legally converted into a living space because it is not up to code.

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What Must Be Disclosed When Selling a House in New York State?

HomeLight

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. The home seller is often legally required to share any issues or problems within their knowledge. Fortunately, you’ve come to the right place.

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home. This can include anything from knowledge of lead-based paint or asbestos, to the seller’s awareness of water damage in the basement, a leaky roof, or damaged plumbing.

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How to Buy a Home Without a Real Estate Agent

Redfin

If you work without an agent, can you only buy homes that are for-sale-by-owner (FSBO)? If you buy without a real estate agent, will the seller’s agent keep the extra commission? Real estate agents have the industry knowledge and experience to navigate a home sale, so they can offer insights on what you should expect.

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