article thumbnail

‘We Bought a House That Hadn’t Been Built Yet’: New Construction May Be the Key To Succeed in Today’s Hot Market

Realtor.com

Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. The Krouses’ new-construction home in South Austin, TX Nicole Krouse. We ended up touring three or four other new constructions in different areas of town, just to do some due diligence.

article thumbnail

What Must Be Disclosed When Selling a House in Georgia?

HomeLight

HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing. Meaning, buyers are charged with performing due diligence during real estate transactions to ensure they’re buying a product they’re satisfied with.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appraising New Construction: Guidance for Follow-Up Inspections

McKissock

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. It mostly depends on the lender requirements, but you are also going to be sure you practice due diligence. Final inspection.

article thumbnail

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

HomeLight

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. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement.

article thumbnail

Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Many new construction homes come with a home warranty from the builder. That’s why due diligence on the part of a homebuyer is vital. Look closely at your inspection. Check for new homebuilder laws in your area. Sometimes there is a deductible or service fee involved. Source: (Emmanuel Ikwuegbu / Unsplash).

article thumbnail

Renting vs Buying in Raleigh, NC: Which is Right for You?

Redfin

You’ll also need to have some additional funds saved for a down payment, closing costs, home insurance, and other expenses that go into buying a home. Do you want a new construction home or an older property with character? Local laws: North Carolina has due diligence and is a buyer beware state.

Equity 48
article thumbnail

How Much Are Closing Costs in Florida?

HomeLight

However, there’s another set of fees and charges you must be prepared for, and those are closing costs. According to ClosingCorp, which provides real estate closing cost data for the mortgage industry, closing costs in Florida, including transfer taxes, average 2.3% Find a Buyer's Agent What are closing costs?