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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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Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale

HomeLight

The buyer does due diligence during the option period in California, which is typically one to 10 days. Although there are no required disclosures because the property is being sold as-is, there is an inspection period. I get inspections on big-ticket items like the sewer and the foundation.

Sales 90
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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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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. The buyer does due diligence during the option period in Florida.

Sales 80
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Find Cash Home Buyers in Austin for a Fast, Simple Sale

HomeLight

The buyer does due diligence during the agreed-upon option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days). Be on the lookout for vacant homes in your development that are undergoing renovations.

Sales 69
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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

He adds that negotiations and home inspection issues could further reduce the price by 10%. You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. The buyer does due diligence during the option period in Texas.

Sales 65