HomeLight

AUGUST 16, 2021

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

As-is Title Inspection Inspection contingency 120

Realty Biz

JULY 25, 2023

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. There may still be contingencies that need to be met, such as a home inspection or appraisal.

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Sales Inspection Inspection contingency Backup offer 86

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. If this buyer was getting a loan, any appraiser will note this and certainly call for structural inspection as well. Several were chatting about offers.

Inspection contingency 52

Inspection contingency Due diligence Seller disclosure Inspection 52

HomeLight

MAY 28, 2021

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house. Basic home inspections don’t cover everything , though.

Inspection contingency 86

Inspection contingency Inspection Seller disclosure Due diligence 86

HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Can FSBO sellers post a yard sign? That 6% is deducted from the seller’s proceeds at closing. Disclaimer : HomeLight does not provide legal advice.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 99

HomeLight

MARCH 31, 2022

Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. In a FSBO scenario, the seller assumes the responsibilities that would normally fall to their agent such as pricing the home, arranging showings, and negotiating the deal. 2022 , a 28.5%

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Purchase and sale agreement Inspection MLS Inspection contingency 97

HomeLight

JUNE 30, 2021

Having a mortgage preapproval letter before making an offer on a house will show the seller that you’re a serious buyer. Once you know what the seller wants, you’ll better understand whether you should offer more or less than the asking price. There’s more that goes into making an offer besides landing on a purchase price.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 90