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What is Due Diligence in Real Estate?

Redfin

During the due diligence period, the buyer is allowed a set amount of time, typically outlined in the purchase agreement, to fully investigate the property before finalizing the sale. If the appraisal is lower than the purchase price, it can lead to renegotiation or an appraisal gap issue.

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Is the Seller Responsible for Any Repairs After Closing?

Redfin

Wondering if a seller is responsible for issues found after closing a sale? The short answer is – no, the seller is not responsible for repairs after closing unless otherwise stated in the purchase agreement or if they failed to disclose a known issue. Can a buyer sue a seller after closing?

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40 Real Estate Forms You Need to Sell Your House

Redfin

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

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Buying a House with Unpermitted Additions: What You Need to Know

Redfin

Unpermitted additions can also trigger seller disclosure concerns. How to protect yourself if a home has unpermitted additions So you love the house and want to see if it’s still a smart purchase. Walk away from the sale If the seller refuses to address the issues or adjust the price, walking away may be your best option.

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Selling a House ‘As Is’ in Rhode Island

HomeLight

The most common request I get for as-is sales, are situations where a house is in significant disrepair. A seller [that] just doesn’t want to make repairs and wants to sell the house as-is, says Connor Dowd , a top-performing Rhode Island agent with 26 years of experience. Its much more common than you might think!

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How to Sell a House Fast in a Slow Market: 20 Tips That Work

HomeLight

The sale of a home is often attached to big life changes stamped with a deadline. Even in an active housing market, timing your sale can be challenging. Look for an agent with a solid record of quick home sales and a plan to position your home competitively. Looking to Sell Fast? Find Agent 1.

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common. Some states require sellers to fill out a seller disclosure statement documenting known repair needs or health and safety hazards in the home.