HomeLight

AUGUST 31, 2021

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems. A cash buyer is more likely to waive appraisal and inspections.

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

HomeLight

FEBRUARY 4, 2022

Guide you through the steps of due diligence and inspections. There’s a lot more to consider than just a pretty kitchen, and an agent could potentially save you money by pointing out a major issue with a home before you get to the offer and inspection stages. Provide advice on first-time buyer programs and recommend mortgage lenders.

Agents 115

Agents Purchase and sale agreement Due diligence Inspection 115

HomeLight

APRIL 19, 2021

Painting and refacing cabinets in your new home are doable, but if you’re eager to make bigger home improvements after your purchase, know that many buildings only allow a few units to be renovated at a time. Inspections & attorneys. Getting the necessary approvals can take up to four months, so plan for this ahead of time.

Earnest money deposit 89

Earnest money deposit Inspection Due diligence Agents 89

The Close

FEBRUARY 6, 2024

When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it. Waive the Inspection Contingency Let me be clear—I am in no way suggesting that your buyers should not do a whole home inspection. In fact, I suggest quite the opposite.

Pre-approval 76

Pre-approval Earnest money deposit Inspection Inspection contingency 76

HomeLight

MAY 24, 2022

Dodging the hassle and expense of making renovations is a significant advantage if you have an older home or you’ve inherited property in another state. Ask buyers to rent back if you need more time to find the right property or rent another home until you do. Waiting to sell if you recently refinanced.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. After renovating the house, the company sells it at a significantly higher price — sometimes in a matter of weeks! If you suspect that you’re buying a flipped house, don’t skip the home inspection !

Purchase and sale agreement 111

Purchase and sale agreement Investor Agents Sales 111

HomeLight

JANUARY 4, 2022

A cash buyer will generally not use a financing, appraisal, or home sale contingency , and many cash buyers will inspect the property for informational purposes only. Your inspection could reveal a big repair that you did not anticipate, forcing a renegotiation. You’re overwhelmed with prepwork.

Investor 98

Investor Finance Inspection Sales 98