Redfin

JUNE 23, 2025

Title search and insurance A thorough title search is essential to uncover any potential issues with the property’s ownership. The surveyor measures the land, marks property lines , and maps out the location of structures, easements, and any encroachments. >> Read: What is a Home Appraisal?

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

Every municipality is different, but in general, when making an improvement or change to a piece of property or land, a certificate of compliance (and/or permit) is required. In most cases, inspections are at the expense of the buyer. Do I need to provide permits or anything for my deck, shed, fencing, or additions?

Purchase and sale agreement

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency.

Closing

HomeLight

OCTOBER 30, 2020

With cash, buyers are able to waive common contingencies, making the deal smoother and faster (not to mention sweeter for the seller). However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. The title isn’t clear. Source: (mizar_21984 / ShutterStock).

Closing

Realty Biz

NOVEMBER 11, 2020

The home could be subject to a few different types of contingency. Let’s have a look at the most common types of contingency you are likely to see. Home Inspection Contingency. The purchase of the property can be contingent on the home inspector’s report.

Backup offer

HomeLight

SEPTEMBER 1, 2022

While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive. Order a title search. Sometimes properties changed title a long time ago and it wasn’t documented.

Earnest money deposit

HomeLight

JULY 31, 2021

When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. Inspection period. Pay attention to the number of days allotted for the cash buyer to complete their inspection. Step 6: Pass the inspection.

Earnest money deposit