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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. At this point, the property is typically removed from the market and is unavailable for other showings. However, the sale is not yet final.

Sales 85
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Accuracy in Real Estate Listings

Hank Miller Team

Technology continues to transform marketing, real estate in particular. Real estate laws vary by state but there is the expectation of full disclosure of all material facts about a property. Seller disclosures are completed and assumed to be truthful but that’s not always the case.

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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 seller may recognize the potential problems and go only with cash buyers.

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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.

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8 Powerful Questions From First-Time Home Sellers That Lead to Success!

Realty Biz

It is crucial to thoroughly research the current real estate market and determine a competitive listing price for your property. Next, you should consider hiring a reputable real estate agent who can guide you through the selling process and help market your home effectively. What Are Some Effective Marketing Strategies?

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Step 4: Property Inspections and Disclosures A home inspection is a comprehensive evaluation of your potential new home that includes an assessment of the structure, mechanical systems, and major appliances. Similarly, the seller may have obligations such as providing necessary disclosures or making agreed-upon repairs.

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Ask Brian: Can I Buy a House Without a Real Estate Agent?

Realty Biz

But even before closing, you’ll need to pay for a professional inspection out of your pocket. Help to navigate the professional home inspection report. The inspection report does not come with a pass/fail grade. You are almost certainly going to want an agent’s opinion about the inspection report.

Agents 82