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What happens during the home inspection period?

During the inspection period, the buyer’s inspector evaluates the home’s structure, systems, roof, plumbing, electrical, and safety features. The process typically takes 7–10 days. Afterward, the buyer may request repairs or credits based on the findings. For sellers, preparation is key: ensure access to all areas, complete small repairs in

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Can a buyer back out during escrow?

A buyer can back out during escrow only if a contingency allows it—such as inspection, appraisal, or financing. These clauses give buyers a chance to investigate the property and secure their loan without risk. Once contingencies are removed, backing out becomes much harder and may result in the buyer forfeiting

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How often should my agent update me on showings and offers?

A good agent should update you at least once a week, with immediate updates on showings, new offers, and important market changes. Many top agents provide real-time feedback, weekly market reports, and clear summaries of buyer activity. Consistent communication ensures you always know what’s happening with your listing and allows

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Can I Price My Home Higher to Leave Room for Negotiation?

Many sellers consider listing their home at a higher price to create “wiggle room” for negotiations. While this approach may seem logical, it often backfires. Today’s buyers are informed and compare homes online within minutes. If your home appears overpriced, it may be skipped entirely, resulting in fewer showings and

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What’s the Difference Between Market Value and Appraised Value?

Market value represents the price a buyer is willing to pay for your home based on current demand, comparable sales, and local competition. It’s influenced by real-life buyer behavior, recent neighborhood activity, and the desirability of your property. This number can fluctuate depending on the season, market conditions, and emotional

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How Is My Home’s Listing Price Determined?

Determining your home’s listing price is a strategic process that blends data, market insight, and property-specific factors. Real estate professionals evaluate recent comparable sales (“comps”), current market trends, property upgrades, the overall condition of the home, and neighborhood demand. These elements help establish a realistic and competitive asking price that

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