Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. There are more buyers waiving due diligence and purchasing homes "as is" than ever before.

Inspection contingency 52

Inspection contingency Due diligence Seller disclosure Inspection 52

HomeLight

MAY 28, 2021

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house. That’s why due diligence on the part of a homebuyer is vital.

Inspection contingency 82

Inspection contingency Inspection Seller disclosure Due diligence 82

HomeLight

MARCH 13, 2023

With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection.

Sales 83

Sales Investor Due diligence Renovation 83

HomeLight

JULY 29, 2022

We do all the due diligence upfront,” he says. Let’s say an inspector finds the house has a serious termite infestation or a major foundation problem, and the seller has no plans to work with the buyer on the sale price after the discovery — that could seriously disrupt closing.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104