Redfin

JULY 28, 2020

The decision to do so should be made carefully with the guidance of a trusted real estate agent, who can also advise on the possibility of doing a pre-inspection before submitting an offer. A pre-inspection allows a homebuyer to learn about any potential issues a home might have before making an offer without the inspection contingency.

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

HomeLight

MAY 24, 2021

Our expert-backed guide is here to help. In a hot market, a seller is unlikely to really consider your offer if you aren’t already preapproved for a loan. Therefore we’re giving them a leg up where they could compete against all-cash offers or the average agent that’s just getting the basic pre-qualification,” he says. “It

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Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. The conventional loan limit is much higher in Massachusetts, she explains, “so I qualified for a higher mortgage with only 5% down.” What’s still novel?

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HomeLight

FEBRUARY 25, 2022

While everyone wants to make money when they sell, you might have other goals — selling quickly due to a relocation, or getting a rent back period. An agent’s commission is often the most expensive cost for home sellers, so it’s common for sellers to try to save money on commission. What is Ideal Agent? What is Ideal Agent?

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Agents Pre-approval Loans Sales 84

HomeLight

MARCH 2, 2023

With tips on everything from how to save for your down payment, specific loan programs for buyers, and what you should look for in an agent, we’ve got you covered. Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well.

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Closing Earnest money deposit Sales Inspection 91

HomeLight

MAY 24, 2022

By waiting, you risk increasing interest rates that limit the number of qualified buyers as well as the size mortgage that lenders will approve. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process. Read on for the reasons why 2022 might be the year to make your move.

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HomeLight

APRIL 21, 2022

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. Should you take the first offer on your house? It depends. Here are a few: It’s an all-cash offer with no lender involved.

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Inspection contingency Home sale contingency Pre-approval Agents 105

HomeLight

MARCH 28, 2022

Home equity is a homeowner’s financial stake in their property that they own free of their mortgage loan obligation.). As the Great Resignation causes many Americans to reassess their work situations, career exploration is on the rise and that sometimes means relocating within the country or seeking out global options. Request Offer.

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Purchase and sale agreement Equity Agents Staging 112

HomeLight

MARCH 22, 2021

Sarita is back with me today for part 2 of our conversation about winning bidding wars. You need to write offers that tell the listing agent your offer has the best terms, lowest risk, and is most likely to cross the proverbial finish line. This episode is an encore presentation of episode #35 of The Walkthrough.). Sarita: Price is price.

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Agents Inspection Inspection contingency Pre-approval 71

HomeLight

OCTOBER 12, 2020

Sarita is back with me today for part 2 of our conversation about winning bidding wars. You need to write offers that tell the seller and listing agent three things: your offer has the best terms. your offer has the lowest risk. your offer is most likely to cross the proverbial finish line. Sarita: Price is price. ” (INTRO MUSIC).

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Agents Inspection Inspection contingency Pre-approval 97