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

HomeLight

Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home. This can include anything from knowledge of lead-based paint or asbestos, to the seller’s awareness of water damage in the basement, a leaky roof, or damaged plumbing.

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

Realty Biz

For instance, along with the down payment, an agent can help you understand how much money you’ll need for closing costs. As an example, you’ll probably pay for the appraisal as a closing cost. But even before closing, you’ll need to pay for a professional inspection out of your pocket. Review seller disclosures.

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The Ultimate Guide to Buying a House in Texas

Redfin

Due to the state’s thriving economy, low cost of living, and a growing population, Texas has become a magnet for buyers and investors, which has resulted in median sale prices climbing steadily in recent years. During the closing, you will sign all the necessary paperwork, pay the closing costs, and receive the keys to your new home.

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How to Sell a House by Owner in California (2023 Updates)

HomeLight

Transfer Disclosure Statement. The main form to know is the Transfer Disclosure Statement (TDS), as it is considered to be one of the “ most important and well-known ” seller disclosures, according to CAR. As a FSBO seller, you’ll be responsible for negotiating a contract you’re satisfied with. Closing costs.

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How to Sell a House by Owner in Arizona (2022 Updates)

HomeLight

Disclosures: . Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. Real estate attorneys are not considered essential for closing in the state of Arizona. As a FSBO seller, you’ll be responsible for negotiating a contract you’re satisfied with.

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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

That’s because there’s still a lot that can go wrong at closing before you reach the finish line — from possibilities you’d considered (and feared) to surprises you never even imagined. These are decisions that can impact your credit history , a major factor in your mortgage. Problem: There’s an issue with the Closing Disclosure.

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Buying a House Online? How to Get it Done in 15 Steps

HomeLight

A mortgage is a 15- to 30-year commitment, unless you sell or refinance. For example, a 1% difference in your mortgage rate could bump your monthly payment up around $100 a month, costing you $30,000 over the life of a 30-year mortgage. Step 4: Get preapproved for a mortgage. Step 3: Shop around for lenders.