Keeping Current Matters

JUNE 21, 2021

According to the Realtors Confidence Index from the National Association of Realtors (NAR), the average home is on the market for just 17 days – that means from start to finish, a house for sale in today’s climate is active for roughly 2.5 When it comes to buying a house, you’re looking for the perfect place to call home.

Inspection contingency 268

Inspection contingency Pre-approval Inspection Rent back 268

HomeLight

JANUARY 28, 2021

A report from CoreLogic recently revealed that homeowners enjoyed an average annual equity gain of $17,000 in Q3 2020, pushing equity levels to record heights nationwide. But as home prices across the country surge, so do intense waves of coronavirus cases. Others may still feel skittish about listing while infection rates remain so high.

As-is 101

As-is Purchase and sale agreement Agents Equity 101

HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. What is Opendoor?

Seller concession 91

Seller concession Inspection Rent back Closing 91

HomeLight

MARCH 31, 2022

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. Source: (Masjid MABA / Unsplash). What is a contingency clause?

Home sale contingency 77

Home sale contingency Sales Purchase and sale agreement Inspection contingency 77

Realty Biz

MAY 16, 2021

With existing home inventories super tight and competition among buyers for the few homes that are listed for sale, many have struggled to buy a new home before they leave the one they’re selling. Such an option enables the seller to rent the home back from the buyer for a specified period of time at an agreed upon rate.

Purchase and sale agreement 74

Purchase and sale agreement Rent back Sales As-is 74

Marco Santarelli

MAY 4, 2023

In this article, we'll examine a report published by Realtor.com on why turnkey homes for sale are still in demand and explore the reasons why some homes sell quickly while others sit unsold. Why Turnkey Homes for Sale are Selling Fast in 2023? This trend has continued into 2023, with homebuyers still seeking out these properties.

Sales 52

Sales Pre-approval Investor Renovation 52

HomeLight

JUNE 30, 2021

When you closed on your first home, you probably weren’t thinking that one day you’d want to sell. Getting the timing right — selling your old house, closing on a new house, and then moving into your new house — can be a challenge. This is why many buyers make offers on their new home that include a sales contingency.

Rent back 102

Rent back Inspection contingency Earnest money deposit Finance 102

Realtor.com

DECEMBER 10, 2020

But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In In this market, trying to negotiate a sales price probably won’t get you far.”. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale. Time to close.

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

FEBRUARY 28, 2022

But having a lot of equity in your home doesn’t mean you have immediate access to it – you’ll typically have to sell your house and close on it before you can use that money as a down payment on a new home. Juggling the sale of one home and the purchase of another can be stressful even under the best of circumstances.

Equity 114

Equity Debt-to-income ratio Closing Loans 114

First Team Real Estate

MAY 21, 2021

According to recent data from NAR , home sales are receiving an average of 4 offers, and our FirstTeam agents regularly see bidding wars that capture upwards of 20 offers! Offer to Rent Back to the Sellers. When purchasing your home with a mortgage, your first payment isn’t actually due until a month after you close escrow.

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Purchase and sale agreement Rent back Marketing Agents 98

HomeLight

JULY 29, 2022

Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Timing is critical in all things, but it can be especially challenging when it comes to real estate. How Much Is Your Home Worth Now?

Debt-to-income ratio 106

Debt-to-income ratio Loans Rent back Equity 106

Realty Biz

MAY 16, 2022

With so few homes for sale, buyers are fighting over each property that hits the market. For sellers, it has been a dream come true. Imagine sitting on your computer looking at homes on one of the more popular home listing websites. You find one that checks all the boxes for what you’re looking for. Waive The House Appraisal.

Earnest money deposit 95

Earnest money deposit Purchase and sale agreement Rent back Inspection 95

The Close

APRIL 28, 2022

Born from the needs of mortgage buyers to compete with cash buyers, cash lenders will buy a home with cash then allow the buyer to refinance or purchase the property after closing. Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized. Here’s how it works. Don’t do this!

Rent back 104

Rent back Closing costs Finance Agents 104

First Team Real Estate

MAY 25, 2021

Looking at sales and prices for April 2021, both rose in all counties across Southern California: Los Angeles County. Sales: Up 101%. Sales: Up 97.9%. Sales Up 80.8%. Sales: Up 66.9%. Sales: Up 74.1%. You are likely to pay little to no closing costs, no repairs, and cash out big. Orange County.

Rent back 98

Rent back Closing costs Sales Mortgages 98

HomeLight

JANUARY 7, 2022

So, instead of stressing your way through two sales, you can set yourself up for success and have your bags packed for your new home in no time. They’ll also introduce you to options, such as a bridge loan or home equity line of credit, to assist in your sale if needed. Do you have a limited amount of time to complete both sales?

Equity 103

Equity Loans Debt-to-income ratio Closing 103

HomeLight

APRIL 21, 2022

After listing your home for sale, you eagerly, nervously … anxiously await the news that someone wants to buy it. Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Eventually, the call comes.

Inspection contingency 102

Inspection contingency Home sale contingency Pre-approval Agents 102

The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. I’ve compiled a list of my top tips on how to win a bidding war on a house to help you outsmart your competition and get your clients into their dream homes.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

APRIL 29, 2021

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. Landscaping: 100 %.

Purchase and sale agreement 92

Purchase and sale agreement Pre-approval Inspection Inspection contingency 92

HomeLight

DECEMBER 15, 2022

Explaining why you want the house — you love the neighborhood, or it’s close to the grandparents — helps sellers visualize someone else living in their old home. Disclaimer : This article is meant to be used for educational purposes only and is not intended to be construed as financial or legal advice. You’ve fallen in love… with a house.

Inspection 85

Inspection Closing Rent back Agents 85

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. Close in as little as 10 days. Otherwise, it’s possible that you would need to pay money at closing to settle up. Relocating for a job when you own a house can be especially challenging. What’s your home worth? Get Estimate.

Purchase and sale agreement 108

Purchase and sale agreement Equity Agents Staging 108

HomeLight

AUGUST 16, 2022

We’re (somehow) more than halfway through 2022, which has given interest rates plenty of time to adjust as the world eases back into normalcy following the worst of the Covid-19 pandemic. We’ll get into more details shortly, but it is safe to say that market activity is to blame (or thank!) for mortgage interest rates at any given time.

Mortgages 131

Mortgages Fixed-rate mortgage Agents Rent back 131

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

Investor 98

Investor Finance Inspection Sales 98

Windemere Selling

SEPTEMBER 1, 2021

Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in. Do I buy or sell first?

Purchase and sale agreement 52

Purchase and sale agreement Rent back Loans Agents 52

RIS Media

APRIL 18, 2022

Look at recent sale prices, as well as neighborhood trends. Allowing the seller to rent back for a specified amount of time. There’s no guarantee that the property you like will be available when you’re ready to make an offer. All real estate is local, after all. Buyers are waiving a home inspection.

Pre-approval 112

Pre-approval Backup offer Due diligence Rent back 112

HomeLight

JANUARY 28, 2022

Not only do they guarantee a cash sale, but they also extend a no-obligation offer and will close on the sale within 30 days. A quick sale is a big plus to working with these buyers, but that sale could cost you in the long run. Need a quick sale? How do ‘we buy houses’ companies work? Request Offer.

Purchase and sale agreement 104

Purchase and sale agreement Investor Agents Sales 104

HomeLight

AUGUST 17, 2022

If you’re thinking this all sounds very back-and-forth — so the Fed wanted us to spend money during the past two years but now we’re supposed to spend less? Though mortgage interest rates have taken a recent dip amid recession concerns, it’s no secret that these numbers have been climbing since the historic lows we saw in 2020 and 2021.

Mortgages 76

Mortgages Rent back Fixed-rate mortgage Banks 76

RIS Media

JULY 8, 2021

For best results, host a training class or have a sales meeting discussion to review the following six buyer strategies designed to provide the highest value and achieve their buyer’s objectives for purchasing a home: Over-communicate how to compete as a buyer in today’s market. Over-prepare on pricing strategies in advance.

Marketing 102

Marketing MLS Agents Rent back 102

HomeLight

MAY 24, 2022

Sales of existing homes fell for the second consecutive month by 2.7% Sales dropped from March 2021 in all four major US regions. Prices in March 2022 were 15% higher than a year before for existing home sales. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

OCTOBER 1, 2020

If the appraiser only looked at sold listings while there are pending sales that might be more comparable to your would-be property, that’s something else that can affect a home’s appraised value. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal. So, what can you do?

Purchase and sale agreement 83

Purchase and sale agreement Short sale Rent back Sales 83

HomeLight

APRIL 27, 2022

You’ll get the estimated value of your home, the relevant parts of a comparative market analysis, a list of top local real estate agents, and an estimate on a cash offer through HomeLight’s Simple Sale platform. The best way to ensure that you’re setting the best price for your house sale is to work with a top agent.

Renovation 94

Renovation Agents Sales Rent back 94

HomeLight

NOVEMBER 10, 2021

What’s still novel? How about trying to buy a house online? While the COVID-19 pandemic accelerated adoption of digital home shopping tools, they’ve been around for some time. It is possible for homebuyers to shop for and buy a house online in which they’ve never actually set foot. But it will be different from a normal homebuying experience.

Inspection 84

Inspection Title Agents Pre-approval 84

Real Trends

MARCH 3, 2022

If you have clients that are thinking about offering, keep in mind that the offers we have already received are well above list price, have waived inspection and appraisal, and are willing to honor the Seller’s request of a free 60-day rent-back.” Here are a few techniques and tips to keep in mind as you go to battle.

Agents 103

Agents Due diligence Inspection Rent back 103

HomeLight

FEBRUARY 4, 2022

Source: (LinkedIn Sales Solutions / Unsplash). Coordinate with the closing attorney and seller’s agent to finalize the sale. … Unless you’re a real estate investor who deals with dozens of home sales every year, it’s going to be very difficult to learn as much about real estate as your agent already knows. And lots more!

Agents 88

Agents Purchase and sale agreement Due diligence Inspection 88

HomeLight

FEBRUARY 25, 2022

Ideal Agent is a website that researches national real estate sales data to find what they describe as the top 1% of agents in your local area. For small markets: closed at least 50 transactions in the last 12 months. For large markets: closed at least 100 transactions in the last 12 months. What is Ideal Agent?

Agents 81

Agents Pre-approval Loans Sales 81

Realty Biz

JULY 7, 2021

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. Contingencies are specific conditions that must be met before the sale can be completed. The number one tip that you should be following is to be patient. The right house will come along, it always does.

Inspection contingency 88

Inspection contingency Marketing Inspection Rent back 88

HomeLight

SEPTEMBER 23, 2021

The time of year and market conditions you list your home in can significantly impact your sale speed and price. Nationally, data points to November as the best month to sell if you’re looking to maximize your sales price, and July is the best month if you’re looking to sell fast.

Rent back 76

Rent back Home sale contingency Agents Sales 76

HomeLight

AUGUST 26, 2021

make a counter-offer (asking for a higher price, different dates on the closing timeline, or different terms or conditions, perhaps), or reject your offer — you will have to start over and make an entirely new offer if you still want this house. You might not hear back at all, that said! Let’s help you set some expectations.

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Short sale Banks Agents Rent back 103