article thumbnail

Buying a home that needs some repairs? Think twice about these projects

Housing Wire

Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. While this approach could certainly help buyers win out in a bidding war, the strategy also comes with some serious risk — especially if the home inspection is skipped.

article thumbnail

Selling a House ‘As Is’ in Connecticut

HomeLight

Looking to sell a house “as is” in Connecticut? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. However, selling a house “as is” usually means accepting a lower offer and it doesn’t always prevent buyers from trying to negotiate savings. Disclosures.

As-is 95
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why you shouldn’t waive the home inspection

Realty Biz

The average home inspection can cost from $300 to $500 depending on where the home is and how big it is, but Porch.com’s study indicates that this is an investment that will save the average buyer around $14,000 in renovation costs. Porch.com’s study shows that just over 19% of home inspections uncover problems with the roof.

article thumbnail

5 Keys To Know About an ‘As Is’ Home Sale Before You Try One

HomeLight

According to the 2020 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), 44% of buyers who purchased new homes did so to avoid renovations and problems with plumbing or electricity. A couch with a red wine stain. An iPad with software issues. A car with a few dents and scratches. Enter real estate disclosures.

As-is 94
article thumbnail

Unpermitted Additions: Here’s What You Need to Know Before Buying a Home with DIY Renovations

HomeLight

Unpermitted additions include any form of remodel or renovation on a home where the owners did not obtain the proper permits from the city’s building department, even though a permit was required to begin work. CPI, a home inspector and structural engineer with the Tampa Bay-based Red Flag Home Inspection, LLC. What should I do now?

article thumbnail

How to Buy a Home As-Is and Make Sure You’re Protected

HomeLight

An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home. Red flags pop immediately into your head; you assume that can only be a nightmare.

As-is 69
article thumbnail

Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

Let’s sort through how potential buyers and their agents view statuses such as “real estate pending” vs. “contingent,” so you can present your home accurately and still meet your selling goals. Learn More Contingent or pending, you’re under contract! Enter the difference between “contingent” and “pending.”

MLS 91