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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

The bill essentially negates as a negotiating tool the waiving of the home inspection contingency , which makes an offer for a home contingent on the results of an inspection. The Massachusetts legislation would grant buyers the right to a home inspection , but it does not mandate that one be completed. and Canada.

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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

Inspection contingencies. Inspection contingencies mean that a buyer can get a home inspected before the deal goes through, and can back out of the purchase with earnest money intact, depending on what the inspector finds. Inspection contingencies can be waived. Appraisal contingencies.

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How Do I Cancel a Home Purchase Offer? Cold Feet

Realty Biz

I didn’t even include an inspection contingency. Your question is very timely as the residential market is transitioning away from being a seller’s market to being a more balanced market. This common situation is the reason home sale contingencies exist. Federal law gives buyers 10 days to inspect for lead paint.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Inspection period. Jackson says there’s a decent chance a cash buyer will still include an inspection contingency in the contract — especially if they are offering closer to market value.

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

HomeLight

Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. If you use the Residential Resale Real Estate Purchase Contract provided by the Arizona Association of Realtors®, disclosures are due to the buyer no later than three days after contract acceptance. Disclosures: .

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How to Sell a House by Owner in Colorado

HomeLight

These include: Seller’s property disclosure (residential). The residential property disclosure form notes that: “Seller’s failure to disclose a known material defect may result in legal liability.”. However some of these costs — such as title fees, escrow fees, and transfer taxes — can be negotiated in many instances.

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

What does due diligence mean in residential real estate? From area research to title research, we’ll walk you through the process — and provide you with a printable checklist as well. After the inspection, you’ll receive a detailed report along with a summary of any issues. Get yourself some title insurance.