article thumbnail

The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Are you considering skipping the home inspection? A homebuyer’s guide to a competitive housing market. There could be safety hazards.

article thumbnail

What renovations should you make before selling your home?

Housing Wire

Are you considering putting your home on the market? Making these four renovations can help you do it successfully. A lot of buyers are shopping virtually these days, so any renovations that can make your home look better in photos is a good thing. You can also bet it will show up on the inspection report.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount.

article thumbnail

Real estate appraisals: What agents should know

Housing Wire

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. At this point, an estimated market value is generated. Not necessarily.

Agents 442
article thumbnail

Top 5 home improvement projects real estate agents should recommend to sellers

Housing Wire

We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market.

Agents 450
article thumbnail

5 Tips to Prepare for a Luxury Home Inspection

McKissock

Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder about upgrades and amenities. Research the subject property.

article thumbnail

Buying a home that needs some repairs? Think twice about these projects

Housing Wire

In today’s hot market, buyers are doing all they can to stand out. Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. Are you thinking of skipping inspections or repair requests and handling any minor home repairs yourself?