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“Back on the market:” How agents are navigating the uptick in contract cancellations

Real Trends

“Recently, I have only had one cancellation by a buyer and that was because during the inspection, things were revealed that were not visible on the surface and the buyer walked away because she didn’t want to spend the time or the money to correct all of the issues.”. Anne-Marie Wurzel, of Mainframe Real Estate.

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Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property

Redfin

Scott Jones, the economic development director for the city of Manor, Texas , proudly showcases his community as a shining example of a location’s potential. Never buy a property without having an inspection A home inspection is pivotal in identifying potential flaws within a property.

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7 Creative Strategies to Make Your Offers Stand Out in a Seller’s Market

The Close

The motivation of this first strategy is to gain clarity on the seller’s wants and needs, and also to develop rapport with the listing agent. Include an As-is Home Inspection Contingency. You guessed it: the home inspection. Nail the Offer Price & Earnest Money Deposit. CALL the Listing Agent.

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Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

Inspections & attorneys. Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. Getting the necessary approvals can take up to four months, so plan for this ahead of time. Source: (Steve Strang / Unsplash).

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How to Read a Settlement Statement When Selling a Home

HomeLight

However, the settlement form developed by the trade group ALTA (American Land Title Association) is widely used across the nation for real estate transactions. What is an excess deposit, and who will receive the funds listed on that line? Let’s say the buyer put down a $7,000 earnest money deposit on a $100,000 home.

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How to Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

Hayward: Buyers looking to get in on a developing neighborhood with lower prices will find that Hayward fits the bill. While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive.

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Your Ultimate Guide to Buying a Home in Connecticut in 14 Steps

HomeLight

SmartMove Connecticut : Connecticut’s Housing Development Fund (HDF) SmartMove program allows first-time homebuyers the opportunity to purchase a home with as little as 1.0% Earnest money deposit amount. Contingencies: Financing, home inspection, and appraisal. Send your earnest money deposit.