HomeLight

JULY 31, 2020

If all else fails and the repairs are too significant, it’s important to have an inspection contingency in the contract that allows the buyer to cancel the deal after evaluating the inspection report without losing their earnest money deposit. Short sale. Problems with the title. How it can delay closing.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

The Close

AUGUST 6, 2024

A seller also may sell a home as-is at full market value, even if the repairs are minor, if they’re underwater on their mortgage, or if it is a short sale. From doing market research through closing, you must work diligently to get the most money for your clients, negotiate with buyers, and facilitate a smooth closing.

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As-is Agents Purchase and sale agreement Inspection 98

HomeLight

APRIL 21, 2022

To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. Your house has been on the market three months or more. How market conditions can influence your decision. Find an Agent.

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Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

SEPTEMBER 1, 2020

There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”.

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Banks Inspection contingency Inspection FHA loan 98

HomeLight

JULY 31, 2021

“This gives us a good idea of the condition of the property, so we know where we can provide value in the sale. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. Good bones.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

FEBRUARY 26, 2021

By saying your sale is “as is,” you’re not preventing a buyer from requesting an inspection , just signaling that no matter what the inspection finds, you don’t want to negotiate on price. In fact, NAR notes that cash sales comprised 19% of December’s housing sales. Source: Gerd Altmann / Pixabay).

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As-is Sales Inspection Investor 111

HomeLight

AUGUST 31, 2020

Although you might hope to get a bargain in an REO sale, there’s no guarantee that you’re going to get a great deal. Order your own appraisal or at least get your agent to run a comparative market analysis for you. Get an inspection contingency so you can get out of the deal if there are serious issues that the bank missed.

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Banks Inspection Inspection contingency Title 98

HomeLight

OCTOBER 29, 2020

The need for a competitive offer is stronger than ever these days, when experts nationwide agree that the events of 2020 have created a robust seller’s market. This means buyers need to come prepared with enticing offers and the capacity to quickly follow through, and nothing can sideline an otherwise stable deal like tricky contingencies.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

JULY 29, 2022

So get a contract, then call for a home inspection, and then call the insurance company — those are the calls that you make before you do anything else.”. In a traditional market, buyers won’t want to close until the issue is resolved. In a traditional market, buyers won’t want to close until the issue is resolved,” Veres says.

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Closing Purchase and sale agreement Title Home sale contingency 105