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Identify the purchase price: The amount of the sales price or a reasonably ascertainable figure (an appraisal to be completed at a future date) must be on the contract. Include signatures: A real estate contract must be entered into voluntarily (not by force), and must be signed by the parties.
Considering that the typical agent commission is 2.5 to 3 percent of a home’s sale price, this can equate to substantial savings: If you agree to purchase the home for $300,000, for example ...
A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections. The inspector prepares and delivers to the client a written report of findings.
From pest inspections to foundation assessments and mold testing, there are plenty of specialized precautions you can take to prep your home for sale.
The general law of the sale of property is caveat emptor (let the buyer beware) and buyers are under a general duty to inspect their purchase before taking possession. However, it is understood at law that inspection is often not sufficient to detect certain deficiencies in the product that can only be discovered through destructive testing or ...
For this installment of Ask an Agent, we spoke with John O’Reilly of Better Homes & Gardens Real Estate Base Camp about whether getting a home inspection is still a (possible) necessity. Meet ...
The sale of a house in the United States or Canada might involve some or all of the following steps: Hiring of a real estate broker the seller and handle the logistics of the advertising and sale, except for " for sale by owner " properties where the owner(s) may consult legal counsel or obtain copies of a real estate contract .
If the property you plan to purchase fails the 4-point inspection, you will likely not be able to purchase a homeowners insurance policy until the existing issues are remedied.