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Under Contract vs. Pending Sale in Real Estate Transactions

Realty Biz

This means that the buyer and seller have agreed on the terms of the sale. There may still be contingencies that need to be met, such as a home inspection or appraisal. For example, a buyer might have a contingency that the home must pass a home inspection. If the home fails the inspection, the buyer can back out of the sale.

Sales 85
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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Step 4: Property Inspections and Disclosures A home inspection is a comprehensive evaluation of your potential new home that includes an assessment of the structure, mechanical systems, and major appliances. These may include appraisal contingencies, financing contingencies, or home sale contingencies.

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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. If this buyer was getting a loan, any appraiser will note this and certainly call for structural inspection as well.

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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. Get an inspection before you make an offer. Add an inspection contingency.

As-is 120
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How to Buy a Home Without a Real Estate Agent

Redfin

Will sellers take you seriously if you don’t use an agent? Every seller is different. However, if you’ve done your homework, can offer proof of finances, and have all your paperwork in order (such as a pre-approval), you’ll raise your chances of a good reception from a home seller.

Agents 72
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How to Sell a House by Owner in California (2023 Updates)

HomeLight

FSBO sellers in California may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Transfer Disclosure Statement.

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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. FSBO sellers in Arizona may consider getting a home inspection prior to listing their home for sale. Is a real estate attorney required? . Closing date. Earnest money.