Realty Biz

JULY 25, 2023

Besides a home inspection contingency, some common contingencies include: Appraisal contingency: This contingency allows the buyer to back out of the sale if the property doesn't appraise for the agreed-upon price.

Sales 91

Sales Inspection Inspection contingency Backup offer 91

Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets. Water and foundation issues are very common, some obvious and some not so much.

Inspection contingency 52

Inspection contingency Due diligence Seller disclosure Inspection 52

HomeLight

MAY 28, 2021

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.

Inspection contingency 78

Inspection contingency Inspection Seller disclosure Due diligence 78

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 120

As-is Title Inspection Inspection contingency 120

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 89

Purchase and sale agreement Natural hazards disclosure Inspection Title 89

HomeLight

MARCH 31, 2022

Disclosures: . Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Is a real estate attorney required? .

Purchase and sale agreement 88

Purchase and sale agreement Inspection MLS Inspection contingency 88

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 80

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 80