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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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

HomeLight

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” What buyer contingencies might put a listing back on the market? What buyer contingencies might put a listing back on the market?

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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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Ask Brian: Will 2021 be a Good Time to Buy a House?

Realty Biz

In a nutshell, low-interest rates and slowing of the pandemic will bring more buyers to the marketplace but there will still not be enough houses for sale. You must have your financing preapproved and be working with a lender that will close the deal quickly. You should think long and hard before waving the inspection contingency.

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Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. While all-cash offers used to be relatively rare, they now make up 25% of all home sales. Cash offers are more likely to close and close faster than those backed by a lender.

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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. Minimal or no contingency clauses. Contingencies are specific conditions that must be met before the sale can be completed. Require a minimal home inspection.

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How to Sell a House by Owner in Colorado

HomeLight

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.