Inspection contingency Pre-approval Renovation 
Redfin
MARCH 4, 2025
Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford. If the auction accepts financing, make sure you have a pre-approval ready. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure.
HomeLight
AUGUST 25, 2020
The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. Below are just some of the typical pre-listing preparations that Shapiro calls out as essential: Reduce clutter. Resist the urge to do major renovations. Condition of the home.
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HomeLight
JUNE 21, 2022
Buyers typically pay for the inspection to uncover major issues that may give them second thoughts about purchasing the house and avoid surprise repairs after moving in. Contingencies can be costly. The appraiser utilizes this information to establish the home’s worth which affects the size of the mortgage the bank will approve.
HomeLight
AUGUST 31, 2021
The most obvious contingency with an offer that requires financing is, of course, the financing itself. submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. So how can you inspect a home and still have a competitive offer?
Rochester Real Estate
NOVEMBER 5, 2015
Skipping A Full Professional Home Inspection Due to the current state of many real estate markets, many homebuyers are electing to waive their home inspection. Buyers are finding that by including a home inspection contingency, that they’re losing out on home after home.
HomeLight
JUNE 17, 2022
Your want to sell your home without renovating. You don’t have the time or money to do renovations and want to move without extensively updating your home, and are willing to accept less money for it. Appraisal contingency : The buyer may cancel the contract if the purchase price is higher than the appraised value of the home.
The Close
FEBRUARY 6, 2024
Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter. In fact, I suggest quite the opposite. What if there’s structural damage?”
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