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7 Key Things About Seller Disclosures Every Homebuyer Should Know

HomeLight

You go to investigate the root cause of the water intrusion and discover something worse than wet carpet: evidence that the seller likely knew about the issue and told you nothing (nada! This is the exact type of unfair scenario that seller disclosures are supposed to protect you from as a homebuyer. Full disclosure.

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Under Contract vs. Pending Sale in Real Estate Transactions

Realty Biz

When you're looking to buy a home, you'll likely come across the terms "under contract" and "pending sale." 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.

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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. Sometimes it’s just certain components, which will generally be flagged as the as-is part of the sale. Source: (Robin Jonathan Deutsch / Unsplash).

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8 Powerful Questions From First-Time Home Sellers That Lead to Success!

Realty Biz

From three decades of experience as a Realtor, many home sellers make aweful choices when it comes to their real estate agent. We explore everything you should know for a first-time house sale by answering frequently asked questions. Paying careful attention to these details leads to successful sales. Let's dig in.

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What is a Seller’s Disclosure? Here’s Why It’s Important

Redfin

One of these critical documents is called a seller’s disclosure. . A seller’s disclosure, also known as a property disclosure, is a document that sellers are legally required to provide buyers. Why is a seller’s disclosure important? For sellers. For buyers.

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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Though note that the specific information sellers are required to disclose can vary by state.

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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.