Remove Closing Remove Inspection Remove Seller disclosure
article thumbnail

Understanding the Importance of a Seller’s Property Condition Disclosure

Rochester Real Estate

By providing accurate and comprehensive information, sellers enable buyers to make informed decisions and negotiate terms that reflect the property’s actual condition. Importance of Seller Disclosures in Real Estate Transactions Seller disclosures play a significant role in real estate transactions.

article thumbnail

Is the Seller Responsible for Any Repairs After Closing?

Redfin

Wondering if a seller is responsible for issues found after closing a sale? The short answer is – no, the seller is not responsible for repairs after closing unless otherwise stated in the purchase agreement or if they failed to disclose a known issue. What happens to repair responsibilities after closing?

Insiders

Sign Up for our Newsletter

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

article thumbnail

What is Due Diligence in Real Estate?

Redfin

In real estate, the due diligence period is the time between an accepted offer and closing. You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. This timeframe grants the buyer permission to thoroughly inspect the property.

article thumbnail

Selling a House ‘As Is’ in Hawaii

HomeLight

Fast facts about selling a house as is in Hawaii Median sales price in Hawaii $1,009,810 (December 2024) Average days on market (DOM) for Hawaii 37 days (December 2024) Disclosures Hawaii law requires sellers to disclose material facts about the property through the Hawaii Sellers Disclosure Statement. Hawaii Rev.

article thumbnail

Selling a House ‘As Is’ in Vermont

HomeLight

Real estate attorneys are not considered essential for closing in the state of Vermont. When you make the statement, We’re selling a home as is, what you’re saying is, We don’t want to do any negotiation or inspection or repairs. This can apply to inherited properties or homes that the seller has never occupied.

article thumbnail

40 Real Estate Forms You Need to Sell Your House

Redfin

Pre-listing home inspection As the seller, it may be helpful to get an inspection of your home done before selling your home , though in most markets the buyer will pay for a home inspection and most states do not require a pre-listing home inspection.

article thumbnail

Buying a House with Unpermitted Additions: What You Need to Know

Redfin

This could mean the homeowner skipped pulling building permits , didn’t schedule inspections, or simply didn’t know they needed permission in the first place. It may be a quick DIY project they want to complete before selling, avoiding delays or fees from inspections and paperwork. Here are a few steps to take before making an offer.