HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. There are more buyers waiving due diligence and purchasing homes "as is" than ever before.

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HomeLight

MAY 28, 2021

Issues beneath the flooring or behind the drywall won’t be uncovered by a regular inspection, but inspectors will alert buyers of any questionable, tell-tale signs that may need to be further investigated by a specialist. Many new construction homes come with a home warranty from the builder. This isn’t recommended.

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HomeLight

AUGUST 9, 2022

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. Earnest money is usually refundable if certain contingencies aren’t met causing the termination of the contract. A word to the wise: proceed with caution.

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Redfin

MARCH 15, 2021

While you can’t control whether your region is in a seller’s or buyer’s market, do your due diligence by speaking with an experienced real estate agent to better understand the current market. This is especially important if your home is older and going up against new construction in your neighborhood.

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HomeLight

SEPTEMBER 15, 2021

You’ll need to research comparable properties or “comps ” in your hyperlocal real estate market , taking into consideration lots of variables like location, era, construction and materials, condition and more. This stage takes an average of 51 days while the buyer, their agent, and their lender will conduct their own due diligence.

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Purchase and sale agreement Inspection Title Pre-approval 113

HomeLight

FEBRUARY 28, 2021

New homes are in huge demand in SLC and the supply is low, but construction is booming and more houses are hitting the market. Brown notes that in the age of COVID-19, some people are removing the due diligence period and will buy a house as is, without an inspection. Source: (Josh Hild / Unsplash).

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