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 119

As-is Title Inspection Inspection contingency 119

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.

Sales 85

Sales Inspection Inspection contingency Backup offer 85

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. Inspections. Is there a lemon law for houses?

Inspection contingency 76

Inspection contingency Inspection Seller disclosure Due diligence 76

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.

Purchase and sale agreement 85

Purchase and sale agreement Natural hazards disclosure Inspection Title 85

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%

Purchase and sale agreement 84

Purchase and sale agreement Inspection MLS Inspection contingency 84

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. For example, Miller says to sell a house built before 1978 requires a lead-based paint disclosure. Check your state’s specific disclosure laws.

Purchase and sale agreement 97

Purchase and sale agreement Pre-approval Inspection MLS 97