HomeLight

MARCH 23, 2022

If they have underwriting approval, versus just a preapproval, they’re a much stronger buyer than someone with just a preapproval letter. Once you’re preapproved, your offer on a home is more likely to be accepted because you’ve made it further in the mortgage approval process. Peterson is right. Leslie Peterson. Real Estate Agent.

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Dwell Real Estate

JULY 10, 2020

The financing contingency guarantees that you’ll get a refund for your earnest money if for some reason your mortgage doesn’t go through and you’re unable to purchase the house. Most experts recommend that you not waive the inspection contingency, unless you’re planning on tearing the property down. Not usually.

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Dwell Real Estate

JULY 10, 2020

The financing contingency guarantees that you’ll get a refund for your earnest money if for some reason your mortgage doesn’t go through and you’re unable to purchase the house. Most experts recommend that you not waive the inspection contingency, unless you’re planning on tearing the property down.

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HomeLight

OCTOBER 29, 2020

And that’s before buyers even start thinking about steps like making a contingent offer. This means buyers need to come prepared with enticing offers and the capacity to quickly follow through, and nothing can sideline an otherwise stable deal like tricky contingencies. What is a contingent offer? Negotiable contingencies.

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Redfin

FEBRUARY 10, 2021

Well, it’s not only the difference between getting a low-interest rate on a home loan versus a high one, but it will also directly impact how much a bank or lender will loan you. What to Expect for the Housing Market in 2021. Every year the U.S. housing market is different. A Deeper Look at Today’s Housing Market.

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Redfin

OCTOBER 12, 2020

From navigating the mortgage approval process to the possibility of a bidding war, it can be tricky to go at it alone. From navigating the mortgage approval process to the possibility of a bidding war, it can be tricky to go at it alone. However, even if this isn’t your first rodeo, the homebuying process can be complex.

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HomeLight

SEPTEMBER 25, 2020

Getting a mortgage also allows you to keep more of your liquidity intact : If you had $500,000 in the bank, and use it on an all-cash home purchase, you now have $0 in the bank. It’s one thing to carry credit card debt on a big-screen TV that might otherwise be out of your budget. Spoiler: For many buyers, it’s simply not.).

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HomeLight

JULY 31, 2022

It’s important to distinguish that appraisals are not intended to be a home inspection. While an appraisal is not in the same category as the more in-depth home inspection, different mortgage types (such as conventional loans or government-backed FHA , USDA, or VA loans ) have different minimum property standards.

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HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. Below are just some of the typical pre-listing preparations that Shapiro calls out as essential: Reduce clutter. Once you make the decision to sell your home, the clock starts ticking.

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HomeLight

AUGUST 31, 2021

From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. The most obvious contingency with an offer that requires financing is, of course, the financing itself. Updated August 31, 2021. Though you can (and should!)

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HomeLight

MARCH 30, 2021

Buying a house is exciting, but before you get carried away dreaming about how you’ll lay out your furniture , don’t forget: This is a legal transaction. As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? Source: (Tim Trad / Unsplash).

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HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Loan approval. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. is not a simple or finite one. Dodge move.

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HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? You simply request a cash offer from fully vetted cash buyers.

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HomeLight

SEPTEMBER 15, 2021

Pre-listing inspection report. Contingency removal form (CA-specific). Home inspection report. Read on to learn more about the main documents* you’ll need for an airtight, legally sound home closing, as well as the bonus resources you’ll get if you do decide to work with an agent after all. Original sale contract.

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HomeLight

MARCH 16, 2023

There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston?

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HomeLight

MARCH 13, 2023

Looking for cash home buyers in Orlando? Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Need to Sell Your House Fast in Orlando? Receive your offer within a week and close in as little as 10 days. million people by 2030.

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Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. June also marked the first noticeable year-over-year price contraction, coming in 2% below June 2019's median of $735,000. Residential sales in NYC were reported to be down by 25% as compared to last year.

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HomeLight

OCTOBER 29, 2021

Once you buy a house and see your now-depleted bank account, that’s shocking,” she says. “I Then you’ll have to pay closing costs, including appraisal and inspection costs (and don’t expect the seller to chip in — more on that later!). Source: (Towfiqu barbhuiya / Unsplash). First time home buyer tips that work.

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HomeLight

OCTOBER 8, 2020

Sale contingencies are frowned upon. Buying and selling at the same time is tough in almost any situation, but it’s especially difficult in today’s real estate market. You’re probably in a bidding war against several other buyers. And when it comes to selling your home, the pandemic makes showings a real challenge.

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