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5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

That’s why you should connect with a lender to get pre-approved for a loan early in the homebuying process. An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. Brace for a Fast Pace.

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What to Do Before Offering on a Home

RIS Media

Allowing the seller to rent back for a specified amount of time. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. . Get pre-approved for a mortgage. Your agent can help you get pre-approved for a mortgage in the current market.

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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

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. Review your closing disclosure.

Closing 139
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16 Tips to Win a Bidding War on a House

The Close

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. Also, understand the difference between a prequalifying and a pre-approval letter. They thought I was a genius—which, of course, I am.

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Turnkey Homes for Sale Are Selling Fast in 2023

Marco Santarelli

With prices still much higher than they were pre-pandemic, buyers don't have much room in their budgets for costly repairs, and they want a home that is move-in ready. This trend has continued into 2023, with homebuyers still seeking out these properties. If the house is perfect, the odds of someone else wanting it are high, too.

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Buying in a Seller’s Market: 9 Ways to Win

Redfin

1) Get Pre-Approved for a Home Loan. If you’re a first-time homebuyer , one of the smartest things you can do to ensure your chances of buying the home you want is to apply for a pre-approval on a mortgage. What is a Seller’s Market? Also, home sellers will have the upper hand when it comes time to negotiate.

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I Want to Buy a House in 2021. How Much Should I Offer Over the Asking Price?

HomeLight

Our expert-backed guide is here to help. A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Your budget is $300,000. Perfect match, right?