HomeLight

NOVEMBER 29, 2021

Real estate agreements typically include “ time is of the essence ” verbiage that requires both the buyer and seller to fulfill contractual commitments within a stated time frame. Selling with an agent: Agents typically coordinate inspection appointments with the buyer’s agent and ensure that the timeline suits the seller.

Purchase and sale agreement

HomeLight

MARCH 13, 2023

With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection.

Sales

HomeLight

JUNE 30, 2021

Inspection contingency. A professional home inspection gives the buyer the opportunity to uncover any potential problems with the house before purchasing. An inspection contingency also gives the buyer a timeframe to have an inspection before the contract becomes binding.

Purchase and sale agreement

HomeLight

AUGUST 16, 2021

Add an inspection contingency. This will allow you to cancel the contract if major issues are discovered during the inspection. Talk to your agent about seller disclosures in your state. Your agent will be able to tell you what a seller is legally required to disclose in your state as part of a home sale.

As-is

HomeLight

JANUARY 10, 2023

Transfer Disclosure Statement. The main form to know is the Transfer Disclosure Statement (TDS), as it is considered to be one of the “ most important and well-known ” seller disclosures, according to CAR. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing.

Purchase and sale agreement

HomeLight

JULY 29, 2022

Let’s say an inspector finds the house has a serious termite infestation or a major foundation problem, and the seller has no plans to work with the buyer on the sale price after the discovery — that could seriously disrupt closing. Problem: Seller disclosures reveal something the buyer can’t accept.

Closing

HomeLight

OCTOBER 18, 2022

Discuss inspection contingency. To determine how much you will make, first, you need to know: What expenses and closing costs sellers in California can expect. You are responsible for many disclosures when selling a home in California. Disclosure exceptions. In that case, you don’t have to take the first offer.

Purchase and sale agreement