Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

Inspection

Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. It has led to home inspections coming back in vogue again.

Inspection

HomeLight

MARCH 2, 2022

Up next: The home inspection. Once the buyer orders a home inspection, your home is in the hot seat. Even if you’ve gone through the house with a fine-tooth comb and listed anything and everything on the seller’s disclosure , the home inspection might reveal issues that you weren’t aware of or are worse than you thought.

Inspection

HomeLight

OCTOBER 30, 2020

Problems come up during inspection. One of the big benefits of cash that’s constantly touted is that it allows you to remove contingencies from the deal. Contingencies are clauses in real estate contracts stipulating that certain conditions must be met before the deal can close.

Closing

RIS Media

AUGUST 31, 2021

According to the report, 27% of buyers bypassed appraisal and inspection contingencies in July. What the industry is saying: “The market may be starting to cool slightly, but at the moment there is not enough supply to match the demand from would-be buyers. . Regional Breakdown: Northeast . MoM — Now 92.0 West. +1.9%

Sales

RIS Media

JULY 14, 2021

“That sticker shock may be increasingly common in a competitive market where buyers are dropping inspection contingencies as a strategy to win a bidding war.

Inspection contingency

Realty Biz

JUNE 7, 2021

I’m a nurse and I understand how easy it is for people familiar with an industry to fall into the habit of using jargon and acronyms without even realizing it. Someone should probably write a translation dictionary for the real estate industry. A home inspection contingency means that no unknown major problems are found with the house.

Inspection

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Inspection period. Pay attention to the number of days allotted for the cash buyer to complete their inspection. Motivated sellers.

Earnest money deposit

The Close

SEPTEMBER 26, 2024

However, one unsung hero of the real estate industry is the real estate transaction coordinator. Transaction Coordinator Skills Needed to Succeed Coordinators should understand the real estate industry to excel in their role. Deadline tracking: Monitor and communicate critical inspections, contingencies, and closing deadlines.

Brokerage

HomeLight

MARCH 31, 2022

FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale. Addressing any issues upfront helps buyers have peace of mind when making an offer and helps to prevent inspection-related closing delays. Get Estimate. Step 1: Address needed repairs and maintenance. Closing date.

Purchase and sale agreement

HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado 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. Negotiate inspection items (if applicable). Closing date.

Purchase and sale agreement

HomeLight

OCTOBER 20, 2022

Pre-inspection. Getting a pre-listing inspection can facilitate a quicker sale because it eliminates surprises – and gives the seller time to fix major flaws. Home inspection report. To ward off home-inspection pitfalls , check off any necessary home repairs. Decide if you can comply with a buyer’s contingencies.

Purchase and sale agreement

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. You can usually shop around for the home inspection , title and settlement services, and home insurance. Definitely include an inspection contingency. When you buy a home, you’ll typically want to have it inspected first. Attend the inspection if you can.

Closing costs

HomeLight

MARCH 31, 2022

FSBO sellers in Arizona 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. Negotiate inspection items (if applicable). Closing date.

Purchase and sale agreement

The Close

SEPTEMBER 19, 2024

These conditions may include a home inspection, securing financing, or including certain appliances or fixtures in the sale. Revised contingencies: Changes to the contingencies listed in the offer can also be proposed. They might also suggest removing certain contingencies altogether to streamline the sale process.

Purchase and sale agreement

Real Trends

APRIL 11, 2023

Most real estate contracts contain a home inspection contingency — it’s what gives the buyer and seller options in case a problem arises during an inspection. Buyers may choose to use their seller’s concession towards costly repairs outlined in the inspection.

Seller concession

HomeLight

NOVEMBER 29, 2021

Selling with an agent: Using the CMA as a guide, Realtors® draw on localized industry experience to advise homeowners about determining a home’s ideal list price — one that isn’t too low or too high. inspection and loan contingency time frames. Schedule inspection appointments with the buyer. termite and pest.

Purchase and sale agreement

HomeLight

AUGUST 19, 2022

It’s leaving many in the industry wondering: Has the U.S. Sellers should also expect the return of inspection contingencies , which fell by the wayside for much of the last few years. They’re also now able to get a building inspection.”. These factors don’t just impact buyers and homeowners, but sellers, as well.

Marketing

Redfin

SEPTEMBER 15, 2020

Ask each one which houses they have sold in your area, how they’ll market your home, how long they’ve been in the industry, and what they charge in fees. Scheduling a pre-sale home inspection will allow you to catch any necessary repairs before your home hits the market. See more on how to choose a real estate agent ). Make repairs .

Purchase and sale agreement

HomeLight

JANUARY 5, 2022

To provide you with the most expert advice, we consulted with Los Angeles real estate attorney Zach Schorr , top real estate agent Basil Yaqub , who works with over 67% more single family homes than average in his area, and veteran agent Greg Garrett , who brings more than 40 years of experience in the real estate industry to the table.

Purchase and sale agreement

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. These are examples of what the real estate industry typically considers buyer and seller closing costs: Typical buyer closing costs. Property inspections. Appraisal fee.

Closing costs

HomeLight

FEBRUARY 28, 2021

Tech and healthcare industries are booming here, making the city an attractive option for millennials. We also interviewed home remodeling and inspection specialists to help you avoid common pitfalls so you can learn how to navigate the market and buy a house in Salt Lake City. Lace up your hiking boots and let’s get going!

Marketing

HomeLight

OCTOBER 29, 2021

Then you’ll have to pay closing costs, including appraisal and inspection costs (and don’t expect the seller to chip in — more on that later!). Limit contingencies (or skip them altogether!). Contingencies are conditions that a buyer puts into their offer. But still get a home inspection! Make your best offer first.

Inspection

Realty Biz

AUGUST 2, 2023

In addition, an experienced agent will have established relationships with other industry professionals, such as mortgage lenders, home inspectors , and title companies. Keep track of important deadlines, such as loan approval timelines, inspection contingencies, and appraisal processes.

Purchase and sale agreement

HomeLight

OCTOBER 12, 2020

” On this show, you’ll learn what’s working right now from the best real estate agents and industry experts in the country. High price, short inspection period, quick close. I can’t do the three-week close unless I can order the appraisal tomorrow and inspect on Monday. Welcome to “The Walkthrough.”

Agents

HomeLight

DECEMBER 29, 2021

If you’re concerned about a low valuation, we’ve gathered the best advice from Bourne and other industry experts on how you can prepare for your appraisal. However, some contingencies specified in the contract, such as new home contingency, appraisal contingencies , or home inspection contingencies , may offer an out.

Purchase and sale agreement

Redfin

FEBRUARY 10, 2021

Luckily, Redfin chief economist Daryl Fairweather gives us her keen insights into what the housing industry is doing in 2021. “ Home Inspection Fee. Get a Home Inspection. Now you want to get the home inspected to make sure there are no underlying issues that could cost you money down the road, such as a bad roof or foundation.

Debt-to-income ratio

HomeLight

MARCH 13, 2023

Booming tourism industry spurs investor activity With warm weather and popular attractions like Walt Disney Disney World and Universal Orlando Resort, Orlando is one of the country’s top tourist destinations with nearly 60 million visitors each year. Let’s take a look at the factors driving Orlando’s cash buyer engine.

Sales

HomeLight

MARCH 22, 2021

” On this show, you’ll learn what’s working right now from the best real estate agents and industry experts in the country. High price, short inspection period, quick close. I can’t do the three-week close unless I can order the appraisal tomorrow and inspect on Monday. Welcome to “The Walkthrough.”

Agents

Rochester Real Estate

NOVEMBER 5, 2015

Some of them are as follows: A home inspection contingency – during a given time period (typically 7-10 days), the buyer is allowed to check out the property for any structural, mechanical, or other safety issues. A home inspection is the #1 reason home sales do not stay together. ” was written by Bill Gassett.

Purchase and sale agreement

HomeLight

AUGUST 15, 2022

This is the show where you’ll learn what’s working right now from the best real estate agents and industry experts in the country. Because of the rise of the interest rates, what’s going on with inflation, the “white noise” that’s pretty much out there right now in regards to the industry.

Title

HomeLight

FEBRUARY 27, 2023

This is the show where you learn what’s working right now from the best real estate agents and industry experts in the country. So, elective inspections are typically things like the roof, sewer lateral, WDO or wood-destroying organisms, and the contractor inspection. There’s no inspections.

Sales

Marco Santarelli

AUGUST 2, 2020

2020 began with increased sales activity in the New York housing market, with the year expected to be a strong one for the industry. As the health crisis stabilizes in the city and surrounding areas start opening up, the industry is watching with hopes of returning activity and buyer interest in the coming months.

Marketing

HomeLight

JANUARY 10, 2023

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. Step 1: Address needed repairs and maintenance. Closing date.

Purchase and sale agreement

HomeLight

AUGUST 17, 2020

When you see survey results from the National Association of Realtors and other industry organizations — or from HomeLight, in fact — do you ever study those and start brainstorming ways to capitalize on what’s happening around you? The real estate industry has changed a ton in the past four to five months.

Marketing

Real Trends

DECEMBER 27, 2022

Inspection issues. An inspection can often reveal major issues that either side would not have been aware of. Whatever side you are on, being aware of inspection issues and how to work with them will be paramount in increasing your close rate. Home sale contingency. You should also be aware of home sale contingency.

Sales

Housing Wire

APRIL 23, 2025

Waive the home inspection contingency I would never actually recommend this strategy as a buyers agent; however, there are some situations where a buyer will insist on waiving their inspection, and it makes sense for them to do so. As agents, its our job to educate our clients about the dangers of not doing a home inspection.

Inspection contingency