HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. Complete home inspection: 5-15 days. The buyer typically has 5-15 business days to complete the inspection after they sign the contract.

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Closing Purchase and sale agreement Pre-approval Inspection 110

HomeLight

JULY 25, 2022

While they typically report to people on the other side of the transaction, the appraisal and inspection report generated by these professionals can impact your bottom line. In the December 2021 survey, 19% of buyers waived the inspection contract contingency, down from its height of 27% in July 2021. Request Estimate.

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Inspection Pre-approval Loans Finance 92

HomeLight

MAY 28, 2021

Greek Revival: Porch columns and angular roofs create a pre-colonial style that can make shotgun houses feel grander in scale. Smaller square footage means a lower price tag upfront, while also keeping expenses for renovations and upkeep low. And don’t skip the home inspection ! Bright colors add extra charm. They’re efficient.

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Due diligence Renovation Pre-approval Construction 103

HomeLight

FEBRUARY 27, 2021

Include photos of high-ticket items like a new roof, updated electrical, or a renovated kitchen with accompanying text providing details. Plug in your basic property details, and we’ll connect you with the highest offer from our network of pre-approved cash buyers. Some direct buyers do not conduct a home inspection.

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MLS Agents Staging Pre-approval 104

HomeLight

JULY 31, 2022

It’s important to distinguish that appraisals are not intended to be a home inspection. While an appraisal is not in the same category as the more in-depth home inspection, different mortgage types (such as conventional loans or government-backed FHA , USDA, or VA loans ) have different minimum property standards.

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Closing FHA loan Purchase and sale agreement Inspection 98

HomeLight

AUGUST 31, 2021

The Section 203(k) program, by contrast, is specifically designed to provide funds to both buy and renovate, upgrade, and repair a home. A Standard 203(k) is for homes that need major renovation or have structural issues. Only lenders that have been approved by the FHA can offer 203(k) loans.

Loans 81

Loans FHA loan Pre-approval Finance 81

HomeLight

FEBRUARY 28, 2021

The largest tonnage seaport in all of New England , Portland’s waterfront area is home to bustling local fishing businesses and commercial shipping companies. Good inspection before purchasing is strongly recommended,” shares Steven Hayes of Kleen Sky, LLC. Source: (Benjamin Rascoe / Unsplash). Radon tests.

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Inspection Pre-approval Renovation Development 62