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What’s the Deal with Making a Cash Offer on a House?

HomeLight

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems. A cash buyer is more likely to waive appraisal and inspections.

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Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

Painting and refacing cabinets in your new home are doable, but if you’re eager to make bigger home improvements after your purchase, know that many buildings only allow a few units to be renovated at a time. Inspections & attorneys. Getting the necessary approvals can take up to four months, so plan for this ahead of time.

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Why Hire a Real Estate Agent? 11 Reasons Why Buyers Should Work With A Pro

HomeLight

Guide you through the steps of due diligence and inspections. There’s a lot more to consider than just a pretty kitchen, and an agent could potentially save you money by pointing out a major issue with a home before you get to the offer and inspection stages. Help you identify possible opportunities for negotiation.

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