Lighter Side of Real Estate

FEBRUARY 17, 2023

Before listing your house, you should: a) Renovate the kitchen and bathrooms. c) Leave it as-is and let the buyer renovate and fix everything. Sometimes it makes sense to renovate or fix things in your house before listing it. The answers are at the bottom…but no peeking!) b) Paint every room in the house.

Renovation

HomeLight

NOVEMBER 16, 2021

Renovate or fix a home they’ve previously inspected. It is actually illegal for home inspectors to later be hired to renovate a home that they have previously inspected! Alabama, Arkansas, Missouri, North Carolina, Virginia, West Virginia, and Wyoming have the loosest seller disclosure laws (or no disclosure guidelines at all!).

Inspection

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. Most sellers approach Joseph because their home did not sell after several months on the open market due to outdated decor, major structural issues, or fire damage. For a rental, not as much,” explains Joseph.

Sales

Redfin

MAY 5, 2023

Seller disclosures are required In Texas, seller disclosures are required when buying a house. This means that the seller must legally disclose any known defects or issues with the property to the buyer before the sale is finalized.

Purchase and sale agreement

HomeLight

SEPTEMBER 19, 2022

So, they may say it’s renovated. Another appraiser may say, “Well, that’s not really renovated. You may have one buyer that goes in and says, “Well, that kitchen is totally renovated,” even though the counter, it was just painted, and another buyer that’s like, “That’s not renovated.

Agents

Redfin

AUGUST 25, 2021

Real estate disclosures and flood zones. Real estate disclosures, or a seller disclosure , is a set of documents answered by the seller of a home, listing any known issues with the property and any remodel projects completed during the time they owned the home. What to know about selling a home in a flood zone.

Seller disclosure

HomeLight

NOVEMBER 29, 2021

Consider renovating dated spaces in your home with features that appeal to a wider range of buyers. According to a survey by the NAR®, 31% of sellers’ agents said they staged their client’s homes. According to Bob Vila, a mid-level handyman job that takes between two and four hours typically runs between $150 and $300.

Purchase and sale agreement

HomeLight

MARCH 31, 2022

Disclosures: . Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. Gather your title, loan documents, survey, insurance information, and any permits for renovations and have them ready for closing. Is a real estate attorney required? .

Purchase and sale agreement

HomeLight

NOVEMBER 14, 2022

Homes were selling with little or no renovation or prep work. In light of the slowing market and high interest rates, however, Lajara says sellers will need to do more work to get homes ready now. Property condition disclosures. However, as a FSBO seller, you’ll need to complete and share the required forms yourself.

Purchase and sale agreement

HomeLight

DECEMBER 29, 2020

Areas of concern, such as opportunities for renovation or impending repair needs. Special features (deck, garage, basement, renovations, etc.). Seller disclosures as required by your state or local MLS, which may include: Knowledge of structural or material defects. Build year and materials. Square footage. Asking price.

Sales

HomeLight

JANUARY 10, 2023

Transfer Disclosure Statement. The main form to know is the Transfer Disclosure Statement (TDS), as it is considered to be one of the “ most important and well-known ” seller disclosures, according to CAR. Review your settlement statement for a complete list of fees and credits of the sale. Reminders for closing: .

Purchase and sale agreement

HomeLight

OCTOBER 18, 2022

You are responsible for many disclosures when selling a home in California. The California Association of Realtors created a comprehensive sales disclosure chart to assist sellers. Disclosure exceptions. There are some disclosure exceptions when selling a home in California.

Purchase and sale agreement