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From consultation to closing: The definitive homebuying checklist

Housing Wire

Offers: Outline how making a competitive offer will work, including how price, contingencies, due diligence funds, and earnest money will impact how the seller views an offer. Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them.

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What is Due Diligence in Real Estate?

Redfin

You put an offer on a home and it’s been accepted, now the due diligence period begins. In real estate, the due diligence period is the time between an accepted offer and closing. You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy.

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Earnest Money vs. Due Diligence in Real Estate: Key Distinctions Buyers Should Know

Redfin

When buying a home, understanding earnest money vs. due diligence is key. Earnest money is a refundable deposit held in escrow to show your serious intent to buy, while due diligence fees are usually non-refundable payments made directly to the seller to secure time for inspections and evaluations.

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Redfin’s Home Inspection Checklist For Buyers

Redfin

Some buyers waive the right to a home inspection to speed up the closing process or stand out in a competitive market, but in most cases, it’s best to include an inspection contingency in your offer. Home inspection checklist for buyers If your offer has been accepted, the next step for the buyer is likely the home inspection.

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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

Do your due diligence on the property, and show up ready to bid. Visit Zillow Step 4: Evaluate Potential Properties Once you’ve spotted potential real estate investment properties, you must dig into the details before moving (aka due diligence). Hire a home inspector and get a thorough inspection report.

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What Should a Buyer Look For at a Home Inspection?

Rochester Real Estate

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Should a Buyer Look For at a Home Inspection? There are numerous reasons to have an inspection. When you view a home, you can learn more about the property than you think.

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What is Buyer Beware (Caveat Emptor) in a Home Sale?

HomeLight

The concept of caveat emptor traces back to Roman law, where buyers were expected to exercise due diligence and investigate the products they intended to buy. For instance, most states with caveat emptor laws require sellers to disclose known health or safety hazards, even if the buyer is expected to perform a property inspection.