Some sellers will conduct a pre-listing inspection before listing their home for transparency. Learn about pre-listing inspections & how to interpret them.
Truth-in-Housing inspections aremeant to inform the buyer and seller of a home, prior to the sale, of any major structural defects or hazards to the health and safety of the occupants. Truth-in-Housing inspections often identify repairs that are required based on city ordinance. What does Ti...
An inspection report can include everything from material defects that negatively impact a home's value to minor cosmetic issues. Based on the report, the buyer may decide to proceed with the sale, schedule additional inspections, renegotiate the sale price with the homeowner, ask that certain re...
Suppose another buyer comes along and makes an offer for your home. In that case, you must give the original buyer the option to eliminate the contingency for the sale of their home and purchase your property within a specific period – 24 to 72 hours is typical. Selling to a Buyer Witho...
Home inspectionsare one of the biggest hurdles in any real estate transaction, whether a home or a condo. Understandinghow to prepare for the buyer’s home inspectionis super valuable, and it could make or break a sale. This is why making necessary repairs before putting the condo on the ...
When does the home inspection happen? The home inspection happens after the seller has accepted your offer but before buying the house. To provide enough time for additional inspections or for negotiations with the seller, you'll want to schedule a home inspection as soon as possible once you'...
With Better Money Habits® you can learn what a home appraisal is, including the process, what appraisers look for and home appraisal costs. It’s important to understand the ins and outs of a home appraisal before you make any financial moves.
Anappraisalof the property must be conducted before its sale. Issues could arise if the appraised value of the property is lower than the agreed-upon purchase price. Banks won't lend money for the amount of a property if the asking price is above the appraised value. The buyer could try ...
Inspection fees. Home inspections are used to document the condition of a property. Sometimes, any number of specialty inspections, such as pest inspections, are required by the state or the lender before the deal can close. The fee covers the inspector’s service in evaluating and documenting ...
Inspections give you confidence the structures on the property are sound. You’ll wantthe home inspectedby a licensed inspector, not one of your relative’s “friends.” But you need to understand that home inspectors are only human. They can miss problems. ...