HomeLight
DECEMBER 15, 2022
If the appraisal comes in low , or the home inspection reveals major issues, you might want some wiggle room for negotiations. Avoid mentioning plans to remodel or renovate. Avoid mentioning any plans to remodel or renovate the home in your offer letter. Lanham mentioned a rent-back period, or a quick close.
The Close
FEBRUARY 6, 2024
When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it. Waive the Inspection Contingency Let me be clear—I am in no way suggesting that your buyers should not do a whole home inspection. In fact, I suggest quite the opposite.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
HomeLight
AUGUST 31, 2021
The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems. A cash buyer is more likely to waive appraisal and inspections.
Marco Santarelli
MAY 4, 2023
Location Matters While properties that need major renovation and updates, like a new kitchen or bathroom and major systems, are not selling well, these problems can be overlooked if the home is in a great location. Buyers are always looking for improvements that have already been done.
HomeLight
FEBRUARY 4, 2022
Guide you through the steps of due diligence and inspections. There’s a lot more to consider than just a pretty kitchen, and an agent could potentially save you money by pointing out a major issue with a home before you get to the offer and inspection stages. Provide advice on first-time buyer programs and recommend mortgage lenders.
HomeLight
MAY 24, 2022
Dodging the hassle and expense of making renovations is a significant advantage if you have an older home or you’ve inherited property in another state. Ask buyers to rent back if you need more time to find the right property or rent another home until you do. Waiting to sell if you recently refinanced.
HomeLight
APRIL 19, 2021
Painting and refacing cabinets in your new home are doable, but if you’re eager to make bigger home improvements after your purchase, know that many buildings only allow a few units to be renovated at a time. Inspections & attorneys. Getting the necessary approvals can take up to four months, so plan for this ahead of time.
Expert insights. Personalized for you.
88 
Let's personalize your content