Remove Closing Remove Inspection contingency Remove Residential
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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

The bill essentially negates as a negotiating tool the waiving of the home inspection contingency , which makes an offer for a home contingent on the results of an inspection. The Massachusetts legislation would grant buyers the right to a home inspection , but it does not mandate that one be completed. and Canada.

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Can You Sell a House As Is Without Inspection? A Reality Check

HomeLight

As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen. And for sellers of distressed homes or inherited property, it can be an appropriate strategy to facilitate a streamlined closing. However, a buyer could still include an inspection contingency in the contract.

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Under Contract vs. Pending: A Home Buyer’s Guide to Status Tags

HomeLight

While under contract, there are typically contingencies in the buyer’s offer that need to be resolved before the sale moves forward. If contingencies are not met, the deal might fall through. If the buyer fails to secure financing, they can withdraw without losing their deposit. Sellers are often wary of this clause.

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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

An active contingent listing means that the seller has accepted an offer from a buyer, but certain conditions haven’t been met yet. These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. Inspection contingencies.

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Tips to Help Buyers Successfully Navigate a Hot Real Estate Market

Realty Biz

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. One contingency that is almost always wise to include is a home inspection to be sure you aren’t buying a major problem that you aren’t aware of. Require a minimal home inspection.

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

A home inspection “is a few hundred dollars for your peace of mind,” says Jean Rosalia , a residential and commercial real estate agent based in Virginia Beach, VA. ” Why people are waiving home inspections during the COVID-19 era. Generally, waiving a home inspection is done to speed up the closing process.

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How to Sell a House by Owner in Colorado

HomeLight

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Real estate attorneys are not considered essential for closing in Colorado. That 6% is deducted from the seller’s proceeds at closing. Real estate transfer taxes: 0.01%.