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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause. I grew up in an 1850s farmhouse and was not going to skip an inspection or an appraisal contingency.

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What is Due Diligence in Real Estate?

Redfin

Neighborhood concerns: Any known issues with neighbors, noise complaints, or local community developments that might impact the property. In contrast, California refers to this as the inspection contingency period, which is often set at 17 days unless adjusted in the contract.

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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

Department of Housing and Urban Development (HUD) website. Department of Housing and Urban Development (HUD): Their website lists their inventory of foreclosed homes including what real estate agent to contact. However, if youre purchasing at auction, inspections usually arent allowed, so be prepared to cover unexpected repairs.

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How to Find & Buy for Sale by Owner (FSBO) Homes in 6 Steps

The Close

Future development projects: Upcoming infrastructure or commercial projects can lead to increased demand and property appreciation in the near future. Have there been any significant developments or changes in the neighborhood since you bought the property? Are there any current offers or interests from other potential buyers?

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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

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. A home warranty is not equivalent to an inspection, but it does offer a little more security if certain things go wrong.

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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. When writing the offer with this strong of an approval letter, it allows you to have a shorter financing contingency time and more emphasis on the appraisal contingency time frame.

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How Fast Will My Home Sell? Factors that Influence Sale Speed in 2022

HomeLight

In 2021, as many as 29% of buyers waived their inspection contingency and 88% did not request that their seller make any repairs. Developing a staging and marketing strategy. Updating and upgrading the condition of your property. Many buyers dream of purchasing a move-in ready home.