Redfin

JUNE 23, 2025

Due diligence money is paid to the seller, usually non-refundable, and compensates them for taking the home off the market during inspections. Due diligence money is paid to the seller, usually non-refundable, and compensates them for taking the home off the market during inspections. What happens in the due diligence period?

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Due diligence Earnest money deposit Purchase and sale agreement Inspection 31

HomeLight

DECEMBER 30, 2021

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.

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Purchase and sale agreement Title Closing costs Seller disclosure 98

Realty Biz

JULY 1, 2023

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.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

Redfin

MARCH 4, 2025

Pre-listing home inspection As the seller, it may be helpful to get an inspection of your home done before selling your home , though in most markets the buyer will pay for a home inspection and most states do not require a pre-listing home inspection. Particularly youll need the original purchase agreement and deed.

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Purchase and sale agreement Title Inspection Pre-approval 31

Realty Biz

JULY 11, 2022

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.

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Agents Inspection Seller disclosure Closing costs 84

HomeLight

NOVEMBER 16, 2021

The legal requirement to warn relevant parties (like the seller, the buyer, or current tenants) varies state by state, but many licensed home inspectors’ contracts state that they will disclose any issues that pose an immediate threat to health or safety. Renovate or fix a home they’ve previously inspected. Damage the house.

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Inspection Housing Inspector Seller disclosure Renovation 111

HomeLight

JULY 31, 2021

Our guide provides an overview of the cash home buyers doing business in Phoenix, your responsibilities as the seller in the state of Arizona, and how to request a cash offer in the area from a Phoenix buyer. We’ll cover the following: Cash-buying landscape in Phoenix: Under $700k market attracts cash in Phoenix.

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Investor Seller disclosure Sales Closing 98

Redfin

MAY 5, 2023

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.

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Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 66

Hank Miller Team

DECEMBER 1, 2021

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.

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Inspection contingency Due diligence Seller disclosure Inspection 52

HomeLight

OCTOBER 14, 2022

With millions of homes sold each year, a modest portion of sellers — about 7% in the last few years — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow). With millions of homes sold each year, a modest portion of sellers — about 7% in the last few years — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow).

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Purchase and sale agreement MLS Seller disclosure Agents 110

Redfin

AUGUST 3, 2021

If you buy without a real estate agent, will the seller’s agent keep the extra commission? Will sellers take you seriously if you don’t use an agent? Every seller is different. You don’t pay for your agent anyway; the seller does. What to know when buying a house without a real estate agent.

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Agents Pre-approval Inspection Due diligence 73

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. The conventional loan limit is much higher in Massachusetts, she explains, “so I qualified for a higher mortgage with only 5% down.” What’s still novel?

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Inspection Title Agents Pre-approval 98

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. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Mandatory disclosures. For Sale By Owner (FSBO).

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Purchase and sale agreement Pre-approval Inspection Title 111

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 Inspection contingency Title 110

HomeLight

MARCH 13, 2023

Available to sellers in Orlando. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. Looking for cash home buyers in Orlando? Need to Sell Your House Fast in Orlando? Receive your offer within a week and close in as little as 10 days. million people by 2030.

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Sales Investor Due diligence Renovation 98

HomeLight

NOVEMBER 29, 2021

Your house is spotless, if you can ignore the open house signs and marketing flyers strewn across the dining room floor. It’s time to sell your home, and you’ve made the bold decision to do so on your own — without hiring a Realtor®. Research your home’s market value and set a competitive listing price.

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Purchase and sale agreement Inspection MLS Agents 98

HomeLight

OCTOBER 30, 2020

First, determine where you stand on your mortgage by calculating your home equity — the current value of your home minus what you owe on your loan. Estimate your home’s current value with a free online home value estimator such as Home Value Estimator. It costs money to sell a home, anywhere from 9%-10% of the sale price.

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Staging Agents Equity Inspection 103

HomeLight

NOVEMBER 14, 2022

With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow). In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent.

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Purchase and sale agreement MLS Agents Pre-approval 103

AAOA

MARCH 20, 2025

Its your chance to check out a property before sealing the deal, ensuring the buyer and seller are fully informed. It typically lasts 10-30 days but can vary depending on your agreement with the seller and the type of real estate asset you purchase. Due diligence is a critical step in purchasing real estate.

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Due diligence Title search Purchase and sale agreement Earnest money deposit 52

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 111

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death).

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Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

JUNE 30, 2021

Lenders can also approve you for different loan amounts, give you different interest rates, and charge varying fees. Having a mortgage preapproval letter before making an offer on a house will show the seller that you’re a serious buyer. There’s more that goes into making an offer besides landing on a purchase price. What’s a Realtor?,

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Purchase and sale agreement Inspection contingency Home sale contingency Title 98

HomeLight

OCTOBER 18, 2022

Fear of the unknown can cause sellers high-level anxiety, especially in a shifting housing market. This article will walk you through how to price your home, disclosures, and other documents. Looking to sell a house in California? Selling a house in California can be difficult. Our data shows the top 5% of agents across the U.S.

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Purchase and sale agreement Inspection Staging Closing costs 110