article thumbnail

How can the mortgage industry be more prepared for the next natural disaster?

Housing Wire

We have lenders coming to us asking about the potential impact of a mortgage loan closing should the NFIP lapse. Many states do have sellers disclosure laws. In the midst of this, a potential lapse in the National Flood Insurance is top of mind for many. . Resilience really is the objective,” he said. “We

article thumbnail

Selling a House ‘As Is’ in Washington State

HomeLight

However, in today’s real estate market, Washington sellers may be pleasantly surprised by current prices. Disclosures. Seller Disclosure Statement. When selling a house “as is,” the seller is choosing not to entertain requests from buyers to complete repairs or provide a credit for fixes. Request Cash Offer.

As-is 83
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

What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

We’ll also hear from Richie Helali of HomeLight Home Loans for an inside scoop on the loan-related documents for buying a house. Seller’s disclosure. Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home.

article thumbnail

How to Spot Serious Foundation Trouble

Hank Miller Team

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

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

Ask Brian: Can I Buy a House Without a Real Estate Agent?

Realty Biz

Have you looked at how a purchase offer is drawn up before it is presented to the seller? It’s the seller that pays the full fee which includes the buyer portion of the agent fee. However, the buyer’s agent is not working for the seller. Ask Brian is a weekly column by Real Estate Expert Brian Kline. Answer: Hello Stuart.

Agents 82