HomeLight

SEPTEMBER 1, 2022

In some cases, mortgage companies will agree to finance a home with unpermitted additions, so long as there’s a plan to bring the home up to code either before or after closing, according to Smith. That way, you can see if the room was included in the original plans or if the home’s layout matches the original design.

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HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Buyers will also find a lot of coastal home designs, as well as a good number of condos and townhomes.

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HomeLight

JUNE 30, 2021

We’re bound by a certain code of ethics that really governs everything that we do and is designed to protect our clients and to put our clients first.”. In some states, an attorney will oversee the closing of the sale instead of a title company; if you’re going it alone, regardless, it’s a good idea to think about hiring one.

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HomeLight

AUGUST 16, 2021

There are a few different types of as-is designations, and what as-is really means varies by designation. And if your house is close to a flood zone, but not technically in a flood zone, it’s wise to talk to your insurance agents about purchasing supplemental flood insurance … just in case! Add an inspection contingency.

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HomeLight

MARCH 23, 2021

There are also separate designations and certifications that allow agents to work with specific buyers (or sellers) or work toward a particular real estate need, similar to how doctors and lawyers have different classifications. When the offer is accepted and a closing date is set, your agent becomes a traffic cop of sorts.

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HomeLight

AUGUST 27, 2021

Closing on your dream home should be a time of excitement and joy. Source: (Conscious Design / Unsplash). And after taking into account the purchase price, you still have to figure in closing costs, inspections, and other expenses. Understand the closing costs (and roughly how much they’ll be).

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HomeLight

NOVEMBER 29, 2021

If you follow interior design trends, you may want to stage and style your home yourself. The flat fee company posts the listing on the MLS, and the seller is responsible for showing their home, negotiating with either the buyer or the buyer’s agent, and managing the closing timeline. inspection and loan contingency time frames.

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HomeLight

MARCH 30, 2021

Your agent will usually include an inspection contingency in your purchase offer, one that states you have the right to opt out of the purchase for inspection-related issues during the due diligence period. In some cases, you might be able to ask the seller to make repairs in regards to the inspection. Get an appraisal.

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HomeLight

FEBRUARY 28, 2021

What if you could live in a Norman Rockwell painting, a slice of Americana closely tied to our nation’s capital? To help you close the deal on a home that fits your budget and lifestyle, we’ve put together this comprehensive guide with expert advice and insights from area real estate professionals. Others are leaving Washington, D.C.,

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HomeLight

MAY 28, 2021

For example, let’s say a tree crashes through a window or the roof sometime after you and the seller signed the contract but before the closing. An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line. USDA loans. USDA loans are home loans backed by the U.S.

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HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. Barrett Spray Real Estate Agent Close Barrett Spray Real Estate Agent at Keller Williams 5.0 Need to Sell Your House Fast in Orlando?

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HomeLight

DECEMBER 23, 2021

National codes, such as the National Electric Code (NEC), oversee electrical design, installation, and inspection. A title company will discover any liens or title defects, which must be resolved before closing, and a home inspector will note anything that’s a defect. Can code violations reduce your buyer pool?

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HomeLight

DECEMBER 29, 2021

For example, it took a median of 30 days to close on a home in July 2021 , according to a National Association of Realtors survey. Low appraisals are common in a hot seller’s market because appraisals on comparable properties may have closed before the market changed. Check that the appraiser is highly qualified. Megan Walters.

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HomeLight

OCTOBER 29, 2021

While you won’t necessarily need a 20% down payment to get into your first home, you might be surprised at some of the expenses that crop up both before and after closing. Then you’ll have to pay closing costs, including appraisal and inspection costs (and don’t expect the seller to chip in — more on that later!).

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Redfin

MARCH 2, 2023

An appraisal gap clause is designed to protect both the buyer and the seller by providing a clear understanding of how to proceed if the appraised value differs from the purchase price. When should I use or waive an appraisal contingency? If significant issues are found, the buyer can negotiate repairs or back out of the transaction.

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HomeLight

FEBRUARY 28, 2021

According to the Greater Avenues Community Council, more than 100 architect-designed homes have been identified in the Avenues Historic District. To put this low tax rate in perspective, New Jersey has the highest effective rate on owner-occupied property at 2.21% , followed closely by Illinois at 2.05%, according to the Tax Foundation.

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HomeLight

FEBRUARY 27, 2023

I mean, you take close-up pictures of the front of the cabinets in the kitchen. Everything is collected at the close of escrow. So, when we get our designer involved very early on, the question is always, “First of all, who’s the target market? You take pictures of just all kinds of things. Money is no object.

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Marco Santarelli

AUGUST 2, 2020

percent and closed sales were down 1.1 The third week of June closed with a median sale price of $700,000 for a 3% week-over-week gain. About 1 percent of Redfin customers waived either a financing or inspection contingency last month. Closed sales dropped by 46.4% The overall median sales price increased by 5.7

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