The purchase might have included guarantees that the seller would address needed repairs to the property. This could include the removal of landscape features such as trees or the reconstruction of part of a building. If the seller doesn't make good on those promises while the property is in ...
Kelly Burgess Staff Writer Kelly Burgess has more than a decade of experience in the product review space and is a writer in the consumer advocacy field. She likes helping people choose products that will have an outsized impact on their daily lives, like mattresses and home appliances. ...
Both the buyer and the seller must agree to the terms of the contract. Here are some common contingencies you may find in a purchase agreement: Inspection contingency: This allows the buyer to have the home inspected within a certain time frame. The buyer can negotiate repairs or cancel ...
The benefits of consideration to buyers are clear. It allows you to save money on your closing costs. When you buy a home, you will need thousands to pay closing costs and yourdown payment, so if the seller is willing to offer some assistance, it can make a big difference. The advantag...
There are two common types of rent-to-buy agreements: Lease-option This gives you the option to buy the home, and could have conditions under which you lose that option, say if you’re late on a payment or don’t hit deadlines for notifying the seller that you intend to exercise the...
Residential capital improvements aregranted special tax treatment: the money spent to improve a home can be deducted from the capital gains when the home is sold. However, it's important to distinguish between capital improvements orextraordinary repairsand ordinary repairs to qualify for the deduction...
Explore selling options Related Articles Buying Spotted on Zillow: Five Home Trends To Follow in 2025 Buying Housing Market Predictions for 2025: What's Next for Buyers and Sellers Selling When to Lower the Price of Your House Follow us: ...
inspect the property and ensure it’s in the condition you expect. This allows you to check that the seller has completed any negotiated repairs and left behind any furnishings that were part of the sale. It also can alert you to any damage that may have occurred since the home inspection...
Before selling your home or car A prospective buyer may ask the owner to see the CLUE report to get an idea what condition the property or vehicle is in, and what they may have to pay for insurance. A CLUE report can also show what improvements have been made—like that a roof was ...
Seasonal conditionsYou might be charged more at specific times of year if conditions make it more challenging for the appraiser to access the property. Who pays for a home appraisal? Under federal regulations, neither the buyer nor the seller can choose the appraiser themselves. The lender is al...