HomeLight

OCTOBER 17, 2022

Georgia home sellers are obligated to inform buyers of any known material defects in the home’s condition that would not be found by a buyer upon reasonable inspection. Meaning, buyers are charged with performing due diligence during real estate transactions to ensure they’re buying a product they’re satisfied with.

Purchase and sale agreement 96

Purchase and sale agreement Due diligence Earnest money deposit Inspection 96

HomeLight

OCTOBER 5, 2020

In areas with a lot of residential demand, flippers or future landlords may crowd foreclosure auctions hoping to snag a deal — just like you. When a home goes up for auction, the process for purchasing it will be different than if you were to buy a home in a more traditional way, with a full inspection. Buyer beware!

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Due diligence Earnest money deposit Banks Inspection 54

HomeLight

APRIL 19, 2021

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. NoHo is a residential neighborhood with bohemian vibes, where celebrities like Cher and Britney Spears have had homes.

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Earnest money deposit Due diligence Inspection Agents 63

HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Home inspections. Negotiable contingencies.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 80

HomeLight

JULY 31, 2021

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Earnest money deposit. Inspection period.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Due diligence period. Home inspection.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97