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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

Future developments: Research any commercial land purchases or leases in the area and see how they fit in with your desires. Line up your financing. After the inspection, you’ll receive a detailed report along with a summary of any issues. Does it match the trends of other nearby neighborhoods? Source: (Ryan Quintal / Unsplash).

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

HomeLight

Inspection contingencies. Inspection contingencies mean that a buyer can get a home inspected before the deal goes through, and can back out of the purchase with earnest money intact, depending on what the inspector finds. Inspection contingencies can be waived. Appraisal contingencies.

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Get Ahead of Appraiser Required Repairs: How Sellers Can Avoid the Most Common Closing Killers

HomeLight

Before properties can be financed, their value and condition is typically examined by a state-licensed, independent appraiser contracted by the buyer’s mortgage company. These are standards related to the overall condition of a property which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan.

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The Key Paperwork You Need to Sell a House, With or Without a Realtor

HomeLight

“It’s not a legal requirement in most states,” says Ryan Jones, an attorney and owner of Jones Property Law , a boutique law firm devoted to helping clients navigate the legal side of real estate and commercial investing, ownership, sales and more. “A Home inspection report. While real estate deals across the U.S.

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Will My House Appraise for Its Selling Price? 10 Tips to Steer Clear of a Low Valuation

HomeLight

Whenever a buyer is financing the purchase of a home or refinancing a mortgage , an appraisal of the property is required in order to assure the lender that the value of the property matches the amount of the loan, according to the Appraisal Institute , the nation’s largest professional association of real estate appraisers. Find an Agent.

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Big-City Convenience with Small-Town Charm: How to Buy a House in Arlington

HomeLight

Waive home inspection contingencies — but NOT the home inspection. Waive appraisal and finance contingencies. The neighborhood gets its name from the east-west commuter route and commercial corridor running through residential north Arlington and parts of Rosslyn, also known as Route 29.

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NYC Real Estate Market 2020 Overview

Marco Santarelli

About 1 percent of Redfin customers waived either a financing or inspection contingency last month. Another matter to consider is all the zoning regulations that limit housing supply, though New York City has had the sense to give tax breaks for those who turn warehouses and commercial properties into rental units.

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