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. The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets. Water and foundation issues are very common, some obvious and some not so much.

Inspection contingency 52

Inspection contingency Due diligence Seller disclosure Inspection 52

HomeLight

MAY 28, 2021

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house. Many new construction homes come with a home warranty from the builder.

Inspection contingency 87

Inspection contingency Inspection Seller disclosure Due diligence 87

HomeLight

AUGUST 16, 2021

It’s possible for the zoning rules to change after construction, or even for mistakes to happen, such as the builder constructing a duplex in a neighborhood where duplexes are not allowed. Add an inspection contingency. This will allow you to cancel the contract if major issues are discovered during the inspection.

As-is 120

As-is Title Inspection Inspection contingency 120