Home Inspection & Appraisal - MoneyTips

Should You Ever Waive the Inspection Contingency?

MoneyTips Writer — Tue, 01 Aug 2023 19:21:09 +0000

When the housing market gets competitive, people will pull out all the stops they can to win a bidding war. One tactic available to potential buyers is to wave the inspection contingency. In May of 2023, 25% of buyers waived the inspection contingency. That’s a significant number, especially given how risky the move is. We’ll...

The post Should You Ever Waive the Inspection Contingency? appeared first on MoneyTips.

What Are Real Estate Comps and How To Find Them

Jonathan Pressman — Wed, 09 Nov 2022 19:28:58 +0000

Whether you’re buying or selling a home, comparables (aka comps) are one of the most important pieces of information you can use to gauge the value of a property. Before a house sells, you need to figure out how much it’s really worth. Comps help sellers set their asking price and help buyers determine how...

The post What Are Real Estate Comps and How To Find Them appeared first on MoneyTips.

Blue Tape Walk-Through: Your Guide

Jonathan Pressman — Mon, 10 Oct 2022 18:47:17 +0000

If you’re purchasing a newly constructed home, the blue tape walk-through is an integral part of the buying process. Blue tape walk-throughs can be stressful if you go in blind. So you’ll want to have a plan of action to ensure you get everything you need from the builder of your new home by the...

The post Blue Tape Walk-Through: Your Guide appeared first on MoneyTips.

What Is an Appraisal Waiver?

MoneyTips Writer — Thu, 27 Jan 2022 20:20:05 +0000

Getting an appraisal waiver could help you keep money in your pocket. The waiver lets you skip the cost of an in-person appraisal. That’s the upside. Now, here’s the potential downside: Like many services you might go back and forth on during the home-buying process, appraisal waivers come with some risks, and they can only...

The post What Is an Appraisal Waiver? appeared first on MoneyTips.