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What is Due Diligence in Real Estate?

Redfin

In some states, buyers may also pay due diligence money—a non-refundable fee paid directly to the seller in exchange for this inspection window. While not required everywhere, it’s an important part of the process in certain markets and is separate from the earnest money deposit. This only applies in certain states.

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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house. This isn’t recommended.

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Under Contract vs. Pending Sale in Real Estate Transactions

Realty Biz

Once a property under contract has met all contingencies associated with that contract, there are no obvious circumstances that will prevent the sale from going through. At this point, the property is typically removed from the market and is unavailable for other showings.

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How to Spot Serious Foundation Trouble

Hank Miller Team

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

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Big-City Convenience with Small-Town Charm: How to Buy a House in Arlington

HomeLight

Small-town charms and big-city conveniences beckon buyers in search of proximity to the nation’s capital, plenty of lifestyle perks, and a thriving economy and job market. According to the Arlington Department of Real Estate’s 2021 market study , residential property values are up 5.6%. on the southwestern bank of the Potomac River.

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

HomeLight

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. This establishes your ownership, along with details such as purchase price and previous seller disclosures. Comparative Market Analysis.

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

HomeLight

While FSBO can work, it does come with some risks, including the possibility of selling your house for less than market value. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Disclosures: .