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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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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. It’s expected that this form be delivered “as soon as practicable, before transfer of title.”. 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

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).

Closing 105
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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

When you work with a reputable cash home buyer in Orlando, you’ll likely experience a smooth journey from offer to close. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% Both parties sign a contract and submit it to a title company.

Sales 79
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Buying a House Online? How to Get it Done in 15 Steps

HomeLight

A local agent will know how to write a competitive offer and what sellers in the market prefer. They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. Step 12: Consider title insurance. Step 9: Order an inspection.