Remove Inspection Remove Inspection contingency Remove Marketing Remove Seller disclosure
article thumbnail

Under Contract vs. Pending Sale in Real Estate Transactions

Realty Biz

This means that the buyer and seller have agreed on the terms of the sale. There may still be contingencies that need to be met, such as a home inspection or appraisal. If one of these contingencies is not met, then the sale can still be halted for the specific reasons set out in the contingency.

Sales 85
article thumbnail

How to Spot Serious Foundation Trouble

Hank Miller Team

The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets. 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 buyer is spending money and possibly losing the deal.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

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. Inspections. Attend the inspection. Home warranties.

article thumbnail

What Does As-Is Mean When House Hunting? And When Should Buyers Consider an As-Is Home?

HomeLight

However, as Ryan Rodenbeck , a foreclosure property specialist in Austin, Texas , explains, as-is can also refer to small cosmetic changes that the seller doesn’t want to bother with, especially in a strong seller’s market: “Sellers don’t want to do repairs in a strong market.”. Add an inspection contingency.

As-is 120
article thumbnail

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

HomeLight

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

article thumbnail

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

HomeLight

While FSBO can work, it does come with some risks, including the possibility of selling your house for less than market value. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Disclosures: .

article thumbnail

What’s Required to Sell a House Without a Realtor?

HomeLight

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. This establishes your ownership, along with details such as purchase price and previous seller disclosures. Comparative Market Analysis.