How a Contract for Home Purchase Protects Sellers
A contract for home purchase protects sellers by clearly defining terms, timelines, and remedies. It sets the purchase price, payment method, and closing date, reducing uncertainty. Contingencies limit risk and provide orderly ways to withdraw if conditions aren’t met. Seller disclosures and inspection scopes clarify responsibilities and avoid hidden defects. The agreement outlines remedies for […]
What to Expect From a Home Inspection as a Seller
A home inspection typically examines structural elements, electrical systems, plumbing, HVAC, roofing, and foundation integrity. Sellers should expect scrutiny of common failure points like outdated wiring, leaking pipes, roof damage, and foundation issues. Preparation involves ensuring accessibility to all areas, addressing obvious maintenance problems, and organizing improvement documentation. This proactive approach demonstrates transparency, builds buyer […]
What Is Active Under Contract and Its Advantages to Home Sellers
Active under contract in real estate means a property has an accepted offer but remains open to backup offers. This status keeps the home visible in the market, attracting more potential buyers. It allows sellers to entertain backup offers, providing security against deal fall-throughs. Additionally, active under contract listings convey a timeline for closing. Understanding […]
The Truth About As-Is Home Sales: Benefits and Considerations
Selling your home as-is means you’re offering it in its current condition, with no commitments to make repairs, significantly simplifying and speeding up the transaction. You must disclose any known issues to avoid legal problems, and this transparency can reassure buyers and help maintain the property’s value. While this type of sale may limit your […]
