article thumbnail

What Does As-Is Mean When House Hunting? And When Should Buyers Consider an As-Is Home?

HomeLight

The seller likely isn’t going to make any repairs or offer credits for any issues you find, so you need to be comfortable with the work involved in this particular home. These components are often due for an upgrade or repair, but the seller would rather pass the responsibility on to the buyer rather than deal with it themselves.

As-is 120
article thumbnail

Under Contract vs. Pending Sale in Real Estate Transactions

Realty Biz

This means that it’s crucial to understand the difference between a pending sale and an under contract and what they mean for a buyer or a seller. This means that the buyer and seller have agreed on the terms of the sale. For example, if the buyer is unable to get financing, the seller can back out of the sale.

Sales 85
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Navigating the escrow process is a critical aspect of home buying, ensuring a secure and smooth transaction for both buyers and sellers. Step 1: Initiating the Transaction Learning about escrow and initiating the process is an important step that occurs once the buyer and seller have agreed upon the terms of the home purchase.

article thumbnail

How to Spot Serious Foundation Trouble

Hank Miller Team

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.

article thumbnail

The Ultimate Guide to Buying a House in Texas

Redfin

Whether you’re a first-time homebuyer or an experienced real estate investor, buying a home in the Lone Star State is a thrilling experience. Texas is renowned for its warm and welcoming communities, rich cultural diversity, and thriving economy that provides endless opportunities for growth and prosperity.

article thumbnail

6 Tips for Taking the Flood Insurance Risk Out of Home Closings

RIS Media

– The cost of flood insurance, if not factored into the financing equation in the early stages of a home search, can make the purchase of a home challenging and many times unattainable. Surprisingly, flooding is the most common risk to homeowners across the U.S.—far They are available in all 50 states and D.C. Realtor.com®

Closing 104
article thumbnail

6 Tips for Taking the Flood Insurance Risk Out of Home Closings

RIS Media

– The cost of flood insurance, if not factored into the financing equation in the early stages of a home search, can make the purchase of a home challenging and many times unattainable. Surprisingly, flooding is the most common risk to homeowners across the U.S.—far They are available in all 50 states and D.C. Realtor.com®

Closing 69