HomeLight

OCTOBER 30, 2020

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.

Seller disclosure 70

Seller disclosure Natural hazards disclosure Inspection Due diligence 70

Redfin

MARCH 14, 2022

Buyers will need to decide if they’re comfortable with any significant issues disclosed and get a professional inspection to assess what it takes to handle the problem. As a buyer, it’s important to carefully review the seller’s disclosure packets with a real estate agent and during the home inspection. .

Purchase and sale agreement 68

Purchase and sale agreement Due diligence Seller disclosure Inspection 68

HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. In states where seller disclosures are not required, it’s a bit of a “buyer beware” situation. Closing Disclosure.

Purchase and sale agreement 86

Purchase and sale agreement Title Closing costs Seller disclosure 86

HomeLight

JULY 29, 2022

Otherwise, you can arrange for a wire or bank transfer of funds that gets to the closing agent early (most likely via the title company). Suppose that property has become something that requires flood insurance and the seller didn’t know it because they never had to buy flood insurance — that could create a problem.

Closing 103

Closing Purchase and sale agreement Title Home sale contingency 103

HomeLight

NOVEMBER 10, 2021

When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection. Even if your offer included a promise to not request repairs after an inspection, you should still get one, if only for informational purposes.

Inspection 89

Inspection Title Agents Pre-approval 89

HomeLight

JUNE 19, 2023

Once accepted, you can close the deal quickly since there are no mortgage approvals or inspections to wait for. Consider offering a home warranty: “A home warranty is a really nice way to defuse a potential inspection issue or deferred maintenance situation…it gives buyers peace of mind,” Cashi says. Everything is negotiable.

Inspection 73

Inspection Staging Agents Short sale 73

HomeLight

APRIL 29, 2022

An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds. Disclosures. Seller Disclosure Statement. The seller “was skipping all the way to the bank,” Graham says. Consider a pre-listing inspection. 638,000 (March 2022).

As-is 71

As-is Purchase and sale agreement Investor Inspection 71