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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. Can a buyer sue a seller after closing?

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What is Due Diligence in Real Estate?

Redfin

In real estate, the due diligence period is the time between an accepted offer and closing. During a real estate transaction, the due diligence period occurs after an offer is accepted but before closing. Earnest money is a good-faith deposit held in escrow that can be applied to closing costs or the down payment.

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40 Real Estate Forms You Need to Sell Your House

Redfin

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

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

Redfin

Insurance and financing challenges Before you close on a home, your lender will likely send out an appraiser to confirm the home’s value. Unpermitted additions can also trigger seller disclosure concerns. Communicate clearly with your agent and the seller about your concerns. How can homeowners disclose unpermitted work?

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Selling a House ‘As Is’ in Rhode Island

HomeLight

The most common request I get for as-is sales, are situations where a house is in significant disrepair. A seller [that] just doesn’t want to make repairs and wants to sell the house as-is, says Connor Dowd , a top-performing Rhode Island agent with 26 years of experience. Its much more common than you might think!

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How to Sell a House Fast in a Slow Market: 20 Tips That Work

HomeLight

The sale of a home is often attached to big life changes stamped with a deadline. Even in an active housing market, timing your sale can be challenging. Look for an agent with a solid record of quick home sales and a plan to position your home competitively. Looking to Sell Fast? Find Agent 1.

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Contingencies.