article thumbnail

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.

article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why a Pest Inspection Before Closing Offers the Peace of Mind Your Buyers Need

HomeLight

That’s why buyers and lenders often request a pest inspection before closing. They’ll wreak havoc on your home sale and force buyers to back out of the deal. ​​ Selling a House That Needs Work? Talk to one of our Simple Sale specialists about requesting a cash offer for selling your property “as is.”

article thumbnail

The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer.

article thumbnail

Don’t Let These 15 Home Inspection Questions Trip Up Your Home Sale

HomeLight

Undergoing the home inspection process can be daunting for any home sale. As a homeowner ready to sell, you may feel confident about your home’s condition, but the scrutiny of a professional home inspection can bring about unexpected surprises. What’s the purpose of the home inspection? Find Agent 1.

article thumbnail

ICE unveils two new property valuation solutions

Housing Wire

Regulators are paying close attention to valuations for many valid reasons. Valuation Selector helps lenders and investors identify the most suitable valuation method (AVM, AVM with inspection, desktop exterior, desktop interior or full appraisal) for a property, depending on its complexity.

article thumbnail

You Just Sold Your House. When Do You Get Paid After Closing?

HomeLight

So, you’ve accepted an offer on your home sale. Maybe you’ve made it through the settlement and you’re still awaiting closing day , or perhaps you’re still negotiating with your buyer. Either way, you probably have one very important question on your mind: when does a seller get paid after closing on a home sale?

Closing 117