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Buying a House Sight Unseen: Worth It or Not?

Point2Homes

You can include an appraisal contingency, an inspection contingency, and even make the sale contingent on walk-throughs or viewings before closing. Technology is changing the way we buy homes in the 21st century. Be a Tech-savvy Buyer.

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Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

Redfin

Plus, buying a home remotely has become easier as touring technology has improved. Sanchez recently went into escrow on a home in Los Angeles, and then learned during the inspection that there was a problem with the electrical panel—an issue she considered to be a deal breaker. Sight-unseen offers can also pose risks to sellers.

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From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. In that case, you could get your earnest money back if you have an inspection contingency and make the decision within the period the contract specifies.

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How to Sell a House by Owner in California (2023 Updates)

HomeLight

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. Established professionals : California attracts career enthusiasts who want to live near financial, technology, and other high-end business hubs. Closing date.

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Shopping for a Home Online? Here Are Tips on How to Do It From People Who Have Done It

HomeLight

Though shopping for a home online has been a growing trend in recent years, mostly due to the advancing technology that has made it possible, the COVID-19 pandemic has transformed shopping online from just a cool thing we could do to a necessity for many homebuyers. Contingencies are critical.

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Can You Sell a House with Code Violations? Here are Your Options

HomeLight

National codes, such as the National Electric Code (NEC), oversee electrical design, installation, and inspection. Any of these codes can change, particularly as technology evolves, making it difficult for the average homeowner to keep pace. For example, the NEC is updated every three years. Can code violations reduce your buyer pool?

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Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

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.

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