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December 2021 REALTORS® Confidence Index Survey: Fewer Buyers Waiving Appraisal, Inspection Contract Contingencies

National Association of Realtors

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

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Getting Smart About Home Inspections

Will Springer Realtor

A home inspection is like a test drive for real estate. It allows the buyer to “drive” in and around the property, checking for any issues, quirks or potential maintenance needs. Despite this advice, a significant group of buyers forgo the inspection. You wouldn’t do that, right? It’s a smart thing to do.

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What to do if a Buyer Requests Repairs After Inspection

Lamacchia Realty

WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION. A common issue that many sellers are not prepared to deal with is a buyer requesting repairs after the inspection. Why Do Buyers Request Repairs? Before someone purchases a home, a home inspection is typically done. Negotiating Repairs.

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Buyers flock to Bay City, Michigan for ultra-low home prices

Housing Wire

The Bay City Realtor Association reported that 222 homes have already been sold in 2021 – a 7.9% “People come here and they see our prices, and their eyes become saucers,” said Barb Appold, a realtor for Berkshire Hathaway Home Services MI Real Estate. Incredibly, that median listing price of $92,000 is up 15.8%

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How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer. Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider.

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The Hidden Costs of Selling Your Home Without a REALTOR®

Lamacchia Realty

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

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This app lets homeowners generate floor plans of their homes for free

Housing Wire

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S. have floor plans.