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Under Contract vs. Pending Sale in Real Estate Transactions

Realty Biz

Besides a home inspection contingency, some common contingencies include: Appraisal contingency: This contingency allows the buyer to back out of the sale if the property doesn't appraise for the agreed-upon price. For example, if the buyer is unable to get financing, the seller can back out of the sale.

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How to Spot Serious Foundation Trouble

Hank Miller Team

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets.

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What Does As-Is Mean When House Hunting? And When Should Buyers Consider an As-Is Home?

HomeLight

You can also ask your agent to talk to the listing agent about the seller’s reasons for wanting to move now. Your lender may require the house to meet certain livability standards, so you might not be able to get financing for an as-is home. Add an inspection contingency. Look at deed and land records for red flags.

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How to Sell a House by Owner in California (2023 Updates)

HomeLight

Transfer Disclosure Statement. The main form to know is the Transfer Disclosure Statement (TDS), as it is considered to be one of the “ most important and well-known ” seller disclosures, according to CAR. Let’s review some of the top points of negotiation you may encounter: Contingencies. Closing date.

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How to Sell a House by Owner in Arizona (2022 Updates)

HomeLight

Disclosures: . Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. Let’s review some of the top points of negotiation you may encounter: Contingencies. Is a real estate attorney required? . Closing date.

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Here’s How You Can Make an Offer On a House Without a Realtor® in 9 Steps

HomeLight

There are a number of factors to consider, and you’ll need to assess your finances and take your priorities into account. Contingencies are certain conditions that must be met before the closing date and typically relate to financing, inspections, appraisals, and home sale. Financing contingency.

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What’s Required to Sell a House Without a Realtor?

HomeLight

This establishes your ownership, along with details such as purchase price and previous seller disclosures. Many FSBO sellers will purchase a pre-listing appraisal. Home inspection report. Decide if you can comply with a buyer’s contingencies. Stand by for inspection. Original sales contract.