Remove Home sale contingency Remove Lending Remove Seller disclosure
article thumbnail

8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Providing documentation of pre-approval - Providing proof of pre-approval from a lender will show that they're ready and willing to lend money when needed during escrow. During this stage, the buyer needs to conduct thorough inspections, including professional assessments of the home's structure, systems, and potential issues.

article thumbnail

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

When you get under contract to purchase a home, your lender will order an appraisal to verify that the home is worth the amount of money that you are paying for it. A lender might not lend you more than the home is worth so if the appraisal comes in low (lower than your purchase price), you might have a problem.

Closing 105
article thumbnail

How to Sell a House by Owner in Arizona (2022 Updates)

HomeLight

For Sale signs in the yard: Generally allowed, but regulations vary by jurisdiction concerning size, placement, and other limitations. Disclosures: . Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. Is a real estate attorney required? .