HomeLight

MAY 28, 2021

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. Many new construction homes come with a home warranty from the builder. This isn’t recommended.

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Inspection contingency Inspection Seller disclosure Due diligence 107

Redfin

MARCH 15, 2021

While you can’t control whether your region is in a seller’s or buyer’s market, do your due diligence by speaking with an experienced real estate agent to better understand the current market. This is especially important if your home is older and going up against new construction in your neighborhood.

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Inspection Staging Inspection contingency Due diligence 73

HomeLight

AUGUST 9, 2022

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. Earnest money is usually refundable if certain contingencies aren’t met causing the termination of the contract. A word to the wise: proceed with caution.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 111

Housing Wire

APRIL 23, 2025

As part of your due diligence, have conversations with the listing agent before submitting an offer and ask how they feel about it. The purpose behind it is to make the buyers feel comfortable waiving their home inspection contingency. Ok, great, then go backwards and find the sweet spot.

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Inspection contingency Inspection Pre-qualification Pre-approval 349