Realty Biz

JULY 25, 2023

This means that the buyer and seller have agreed on the terms of the sale. There may still be contingencies that need to be met, such as a home inspection or appraisal. For example, a buyer might have a contingency that the home must pass a home inspection. If the home fails the inspection, the buyer can back out of the sale.

Sales 87

Sales Inspection Inspection contingency Backup offer 87

HomeLight

OCTOBER 20, 2022

This establishes your ownership, along with details such as purchase price and previous seller disclosures. Many FSBO sellers will purchase a pre-listing appraisal. Check your state’s specific disclosure laws. Pre-inspection. Home inspection report. Stand by for inspection. Original sales contract.

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Purchase and sale agreement Pre-approval Inspection Title 111

HomeLight

MARCH 3, 2025

It’s always a good idea to disclose anything and everything you know as a seller. I always get questions from sellers – Should I disclose this, should I disclose that? Dowd adds that the not disclosing water damage in basements is a consistent issue in Rhode Island.

As-is 52

As-is Purchase and sale agreement Inspection Finance 52

Realty Biz

JULY 11, 2022

But even before closing, you’ll need to pay for a professional inspection out of your pocket. Help to navigate the professional home inspection report. The inspection report does not come with a pass/fail grade. You are almost certainly going to want an agent’s opinion about the inspection report.

Agents 84

Agents Inspection Seller disclosure Closing costs 84

HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. In states where seller disclosures are not required, it’s a bit of a “buyer beware” situation. Closing Disclosure.

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Purchase and sale agreement Title Closing costs Seller disclosure 98

HomeLight

OCTOBER 20, 2022

If you need assistance navigating the legalities of what to disclose when selling a home in New Jersey (NJ) or using seller disclosure forms, HomeLight always encourages you to reach out to your own advisor. If the seller’s home was built in 1979 or afterward, the form is not required. Joanne Botwinick. Real Estate Agent.

Purchase and sale agreement 111

Purchase and sale agreement Inspection Construction Land 111

Redfin

MARCH 4, 2025

Pre-listing home inspection As the seller, it may be helpful to get an inspection of your home done before selling your home , though in most markets the buyer will pay for a home inspection and most states do not require a pre-listing home inspection.

Purchase and sale agreement 31

Purchase and sale agreement Title Inspection Pre-approval 31

HomeLight

FEBRUARY 26, 2021

Pro photos are a standard offering for most brokerages, and 75% of top agents report that they’ve provided complimentary staging services to their sellers in the past, either by offering their own staging expertise or by partnering with a staging pro in the area. Get a pre-listing inspection to avoid a surprise price reduction.

Inspection 106

Inspection Staging Agents Seller disclosure 106

Realty Biz

JULY 1, 2023

Step 4: Property Inspections and Disclosures A home inspection is a comprehensive evaluation of your potential new home that includes an assessment of the structure, mechanical systems, and major appliances. Similarly, the seller may have obligations such as providing necessary disclosures or making agreed-upon repairs.

Purchase and sale agreement 77

Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

HomeLight

NOVEMBER 10, 2021

When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection. Even if your offer included a promise to not request repairs after an inspection, you should still get one, if only for informational purposes.

Inspection 98

Inspection Title Agents Pre-approval 98

Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. Don't rely on seller disclosures and if inspections are waived, buyers likely have little recourse as a lawsuit can be very hard to win in a "buyer beware" state like Georgia.

Inspection contingency 52

Inspection contingency Seller disclosure Due diligence Inspection 52

HomeLight

FEBRUARY 9, 2023

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 buyer also signs the disclosure to confirm receipt, and it is then attached to the signed purchase contract.

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Purchase and sale agreement Inspection Residential Agents 105

HomeLight

FEBRUARY 28, 2021

Know what to watch for during an inspection. There are specific red flags buyers need to watch for during the inspection stage when they buy a house in Miami Beach. If you want to buy a house in Miami Beach, be sure to get a good inspection company. “We Expect to pay anywhere from $75-$200 for a full inspection. .

Inspection 85

Inspection Residential Seller disclosure Land 85

HomeLight

MARCH 31, 2022

Disclosures: . Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. FSBO sellers in Arizona may consider getting a home inspection prior to listing their home for sale. Is a real estate attorney required? . Closing date. Earnest money.

Purchase and sale agreement 110

Purchase and sale agreement Inspection Inspection contingency MLS 110

HomeLight

FEBRUARY 28, 2021

Minimal seller disclosures. Virginia requires a seller to disclose material defects , but not latent defects. “In A home inspection can help buyers get a good grasp of the home’s condition. Waive home inspection contingencies — but NOT the home inspection. Offer a rent-back clause to the seller.

Earnest money deposit 105

Earnest money deposit Land Residential Inspection contingency 105

HomeLight

NOVEMBER 29, 2021

inspection and loan contingency time frames. Real estate agreements typically include “ time is of the essence ” verbiage that requires both the buyer and seller to fulfill contractual commitments within a stated time frame. Schedule inspection appointments with the buyer. Source: (Zac Gudakov / Unsplash). termite and pest.

Purchase and sale agreement 98

Purchase and sale agreement MLS Inspection Agents 98

Realty Biz

JANUARY 10, 2024

It is also crucial to have a comprehensive home inspection report and any necessary permits or certificates of compliance for renovations or additions made to the property. Finally, you should prepare a seller's disclosure statement outlining any known defects or issues with the property.

Purchase and sale agreement 103

Purchase and sale agreement Seller disclosure Staging Title search 103

HomeLight

APRIL 29, 2022

An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds. Disclosures. Seller Disclosure Statement. According to the document, the seller must disclose any existing material facts or defects based on their knowledge.

As-is 95

As-is Purchase and sale agreement Investor Inspection 95

Redfin

AUGUST 3, 2021

If you can negotiate with the seller to lower the price of the home in exchange for them having to pay nothing to a buyer’s agent, then that’s money you can save. Do you need an agent to be present for inspections and appraisals? Review the seller disclosure . Deal with inspections and appraisals.

Agents 73

Agents Pre-approval Inspection Seller disclosure 73

Hank Miller Team

JULY 2, 2023

Real estate laws vary by state but there is the expectation of full disclosure of all material facts about a property. Seller disclosures are completed and assumed to be truthful but that’s not always the case. Misrepresentation of a property can result in lawsuits and fines.

Seller disclosure 52

Seller disclosure Inspection Technology Agents 52

Lighter Side of Real Estate

FEBRUARY 17, 2023

When filling out the sellers disclosure form about things you know are wrong with the house, you should: a) Only list the things you think are obvious and that the buyer or their inspector will actually notice or figure out. a) The one who had the highest suggested listing price. c) The one who has the nicest car.

Renovation 98

Renovation Seller disclosure Agents Inspection 98

Realty Biz

OCTOBER 28, 2022

This is a red flag if your agent is constantly late or misses showings, open houses, inspections, appraisals, or other occurrences. Sellers must provide accurate information on the seller's disclosure. Lack of effort can delay a sale or worse, buyers can lose out on the home of their dreams. They Just Aim to Please.

Agents 83

Agents Seller disclosure MLS Inspection 83

AAOA

MARCH 20, 2025

It involves careful research and inspection of a property before finalizing a purchase. Youll review documents, inspect the building, and assess the neighborhood. Its your chance to verify that the property matches the sellers claims. You cant rely solely on the sellers disclosures. Ask questions and take notes.

Due diligence 52

Due diligence Title search Purchase and sale agreement Earnest money deposit 52

HomeLight

JANUARY 30, 2025

Fast facts about selling a house as is in Austin Median sales price in Austin $552,000 Average days on market (DOM) for Austin 85 Disclosures Texas law requires sellers to disclose material facts about the property through the Sellers Disclosure Notice. MLS has a field to mark a listing as is?

As-is 52

As-is Inspection Seller disclosure Finance 52

Hank Miller Team

APRIL 12, 2023

Georgia is a buyer beware state, so does a seller have to disclose repaired defects? Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. However, full disclosure is often the best idea.

Seller disclosure 40

Seller disclosure Inspection Land Design 40

HomeLight

MARCH 13, 2023

You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. The option period is negotiated between buyer and seller.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

OCTOBER 30, 2020

Day 24: Schedule a pre-listing home inspection. Traditionally, a home inspection takes place after a buyer has made an offer on your house. Once the buyer receives the home inspection report, they often will try to negotiate a lower price based on needed or upcoming repairs.

Staging 103

Staging Agents Equity Inspection 103

Realty Biz

AUGUST 24, 2020

The first thing you want to do is fully understand the seller disclosure laws that apply to any house that you are looking at. Although the seller lists a house “As-Is,” they still have a legal obligation to disclose all known defects to you. You don’t want to skimp on the inspection.

Due diligence 56

Due diligence Seller disclosure Inspection As-is 56

HomeLight

OCTOBER 25, 2022

It also features phone and email support, as well as seller disclosures. 1% Commission Platinum – This is a full-service option that tacks on negotiations, a pre-sale inspection, repair coordination, in-person reviews, and full-service representation.

MLS 110

MLS Agents Sales Seller disclosure 110

HomeLight

NOVEMBER 3, 2022

Navigating any issues that may come up with the appraisal or inspection. Providing appropriate disclosures. Additional service notes: Provides Comparative Market Analysis to sellers. Provides documents and paperwork for seller disclosures. Can guide you through inspection pitfalls. List with Freedom.

MLS 98

MLS Purchase and sale agreement Agents Sales 98

HomeLight

SEPTEMBER 19, 2022

It’s kinda like how, at least here in Washington state, every seller fills out the same seller disclosures form. The UAD gives appraisers standard definitions and responses to use on their reports. It keeps those reports consistent. We’re gonna link to that in today’s show notes.

Agents 111

Agents Renovation Sales Banks 111

HomeLight

NOVEMBER 14, 2022

Property condition disclosures. In an agent-assisted sale, your listing agent would provide you with New York’s appropriate seller disclosure forms and facilitate their delivery to potential buyers. However, as a FSBO seller, you’ll need to complete and share the required forms yourself.

Purchase and sale agreement 103

Purchase and sale agreement MLS Agents Pre-approval 103

HomeLight

OCTOBER 30, 2020

You go to investigate the root cause of the water intrusion and discover something worse than wet carpet: evidence that the seller likely knew about the issue and told you nothing (nada! This is the exact type of unfair scenario that seller disclosures are supposed to protect you from as a homebuyer. Full disclosure.

Seller disclosure 98

Seller disclosure Natural hazards disclosure Inspection Due diligence 98

HomeLight

OCTOBER 12, 2022

If you need assistance navigating the legalities of what to include on a home seller disclosure form in Utah, HomeLight always encourages you to reach out to your own advisor. We’ve consulted with a top real estate agent and researched items that must be disclosed to help make sense out of the seller disclosure form in Utah.

Seller disclosure 111

Seller disclosure Purchase and sale agreement Homeowner’s association Inspection 111

HomeLight

OCTOBER 17, 2022

Buyers will want to pay close attention to the contents of their property’s disclosure form, but it isn’t an end-all, be-all guarantee to the condition of the home, warns Smith. She advises that a buyer may need to do more due diligence in inspecting the property closely because “the seller doesn’t always know the answers.”.

Seller disclosure 105

Seller disclosure Homeowner’s association Due diligence Agents 105

HomeLight

OCTOBER 31, 2022

In a nutshell, Niakan says, the disclosure form is a handy way to get honest about what you do know — and not worry about what you don’t. Let’s jump into what you need to know about Florida’s seller disclosure form — and what it means for sellers, and buyers, in the Sunshine State. The truth will set you free,” he says.

Seller disclosure 109

Seller disclosure Agents Closing As-is 109

HomeLight

AUGUST 16, 2021

Get an inspection before you make an offer. While your seller might not be dishonest, they may not be fully aware of all the issues with the home. Get an inspection before you make an offer so you can factor in the time and expense of making any repairs. Add an inspection contingency. Check the CLUE report.

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As-is Title Inspection Inspection contingency 122