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Massachusetts set to bar home sellers from requiring inspection waivers

Housing Wire

Massachusetts homebuyers will soon be protected from being pressured into waiving home inspections under new regulation. It also prevents sellers from accepting offers if they are informed in advance that the buyer intends to forgo an inspection. The regulation takes effect for home sales that close after Oct.

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MBA: Home equity debt rose 10% in 2024 — signaling it as a ‘product of choice’

Housing Wire

Total originations of open-ended home equity lines of credit ( HELOCs ) and closed-end home equity loans increased in 2024 by 7.2% “For example, just 50% of home equity applications are closing, and turn times are averaging 39 days. from the previous year, when comparing originators that reported in both years. billion in 2023.

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The 11 do’s and don’ts of buying a new build

Housing Wire

Cosmetic updates like flooring, paint or finish work can sometimes be done after closing at a lower cost. Buyers should also budget for post-closing expenses such as landscaping, window treatments, built-in cabinetry and appliances that may not be included. For quick move-in homes, closing dates can also be adjusted.

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Homebuyers turn to aging properties as construction lags

Housing Wire

We always take a close look at the plumbing and electrical systems, along with the concrete foundations and the roof. At the end of the day, getting a building inspection is critical. Most of the old homes in Cleveland have basements, so we also look for any signs of water intrusion.

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Low-fee brokerage firms could give sellers considerable savings: CPC

Housing Wire

When it comes to evaluating low-commission brokers, the report said consumers should look for the availability of full in-person services — including initial meetings, home inspections, showings and closings — and agents with good client reviews who offer commissions of 1.5%

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9 Additional Home Inspections You Might Want to Consider When Buying a Home

Lighter Side of Real Estate

When buying a home, the standard home inspection provides a general overview of the property’s condition, but it doesnt cover everything. While some inspectors offer specialized inspections as add-ons, not all do. A mold inspection can help detect hidden moisture problems before they turn into a full-blown remediation project.

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The Advice First-Time Homebuyers Need To Hear

Keeping Current Matters

Tip #3: Don’t Skip the Inspection When you find the right home, it’s easy to get caught up in the excitement. But skipping the inspection just to make your offer look stronger is a gamble that could cost you. Instead, work with your agent to schedule a real inspection.