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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection.

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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. Sellers then pick a move date, and can often close in as little as two weeks. The closing from start to finish was three and a half weeks, which is great for me. That was it.

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. .

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6 of the Top We Buy Houses for Cash Companies in Atlanta

HomeLight

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. After one showing, sellers get a no-obligation offer and can choose their closing date. Closing costs: According to the company website, Better House Buyers takes care of closing costs.

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6 of the Top We Buy Houses for Cash Companies in Alabama

HomeLight

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Step three is an in-home inspection by a company rep and a no-obligation offer. Step four is closing with a local attorney. Finally, the transaction closes with a local title company.

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5 of the Top We Buy Houses For Cash Companies in Illinois

HomeLight

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Closing can happen within a week, or on a timeline that works best for all parties. Closing costs: No closing costs for sellers. Closing costs: No closing costs for sellers.

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6 of the Top We Buy Houses for Cash Companies in Fort Worth

HomeLight

However, the initial offer is typically subject to change after they have inspected your home. Closing costs: Sellers typically pay no closing costs; Best Cash Offer in Texas LLC often covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight.