HomeLight

JANUARY 5, 2022

If your friend plans to pay for your home with all-cash, then you want to have your attorney verify proof of funds. A title company or real estate attorney will conduct what’s called a title search as a step in the due diligence period of a home purchase. Do: Plan for the buyer’s home inspection and appraisal.

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Pre-approval Purchase and sale agreement Title search Title 107

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Due diligence period. Home inspection.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

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. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. The buyer does due diligence during the option period in Florida.

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Sales Investor Due diligence Renovation 80

HomeLight

MARCH 16, 2023

He adds that negotiations and home inspection issues could further reduce the price by 10%. You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. The buyer does due diligence during the option period in Texas.

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Sales Purchase and sale agreement Earnest money deposit Investor 66

HomeLight

MARCH 13, 2023

The buyer does due diligence during the agreed-upon option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days). Instead, however, he advises sellers to validate cash buyers for proof of funds.

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Sales Investor House Flipping Pre-approval 70

HomeLight

DECEMBER 6, 2022

Oregon sellers (or their agents) need to know how to handle property disclosures, earnest money, inspections, and more. Invest in an appraisal or inspection. Knipe finds appraisals aren’t as important as inspections. Two big reasons for ‘sale fails’ are inspections and financing,” Knipe adds. Make sense of the research.

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MLS Agents Sales Inspection 85

HomeLight

DECEMBER 8, 2022

FSBO sellers might want to hire a home inspector for a pre-listing inspection to ferret out any major issues, such as a tired roof, then fix those items before going to market, she adds. The average inspection costs about $325 , depending on your home’s size. Before signing anything, Rodocker says to do your due diligence.

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MLS Agents Sales Closing 87

HomeLight

DECEMBER 6, 2022

Yet after the home inspection, they’ll ask the seller to fix the items even though the price reduction took them into account. So your due diligence should include contacting the lender to ask about the type of financing and whether the buyer has the qualifications to be approved for a loan. Require everything in writing.

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Purchase and sale agreement MLS Pre-approval Agents 79