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

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

APRIL 22, 2024

This means you might receive less money than you could through a traditional home sale. We’ll also highlight some reputable local companies and discuss alternative methods for a fast home sale. Close the sale: At the closing, you’ll sign some paperwork and receive the cash for your home via wire transfer.

Rent back 91

Rent back Closing Sales Agents 91

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

MARCH 31, 2022

But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. ” “The home sale contingency adds another layer that a seller would have to take into consideration when evaluating an offer. .”

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

HomeLight

APRIL 17, 2024

Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. But their differences could make a difference in the success — and profits — of your home sale depending on your selling and moving objectives. Some charge higher fees, or offer repair and late checkout options.

Seller concession 91

Seller concession Inspection Rent back Closing 91

HomeLight

JUNE 30, 2021

This is why many buyers make offers on their new home that include a sales contingency. With a sales contingency in your offer, you won’t have to close on your new home unless you’ve sold your old home. But a sales contingency could also make it harder to get an offer accepted. Source: (LinkedIn Sales Solutions / Unsplash).

Rent back 102

Rent back Inspection contingency Earnest money deposit Finance 102

HomeLight

MARCH 2, 2023

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. This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. Looking to Buy Your Dream Home in San Diego?

Closing 87

Closing Earnest money deposit Sales Inspection 87

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. With so much competition for limited inventory amid a national housing crisis , you need a seriously smart strategy.

Purchase and sale agreement 98

Purchase and sale agreement Rent back Marketing Agents 98

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%. According to statistics from DQNews, median home price increased 20.2% Becky Beavers of DQNews says the 20.2%

Rent back 98

Rent back Closing costs Sales Mortgages 98

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

Realtor.com

JUNE 4, 2021

from a year earlier, and the number of homes for sale fell to record lows earlier this year. That scarcity has helped lift home prices to all-time highs and has started to slow down the pace of sales. Chase Robertson The housing market is so hot that some homeowners have become afraid to sell. Mr. Pettiford said.

Purchase and sale agreement 90

Purchase and sale agreement Marketing Rent back Principal 90

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

The Close

APRIL 28, 2022

Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized. Instead of offering $440,000 and waiting through the weekend, structure the offer so the sales price is $420,000, but if the seller accepts the offer within the next four hours, the sales price will be $440,000.

Rent back 104

Rent back Closing costs Finance Agents 104

Windemere Selling

SEPTEMBER 1, 2021

On the other hand, it creates a gap of residence, often leaving homeowners wondering where they’ll stay until they move into their new home or whether they may need to rent before they can buy again. 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.

Purchase and sale agreement 52

Purchase and sale agreement Rent back Loans Agents 52

HomeLight

FEBRUARY 28, 2022

The logistics include timing the purchase and the sale, negotiating with both sides on moving or possession dates, and organizing belongings to get ready for the move,” said Mike Qui, owner of Good as Sold Home Buyers. “The 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

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

Realty Biz

MARCH 5, 2021

The supply of existing homes for sale is at a record low of just 1.9 In addition, sellers may try to negotiate a rent-back agreement with the buyer to give them more time to shop for a home. months, far below the six-month supply that experts consider to be a healthy balance between buyers and sellers.

Equity 113

Equity Rent back Agents Loans 113

Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. 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.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

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

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

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

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

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

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

APRIL 29, 2021

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. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey. Landscaping: 100 %.

Purchase and sale agreement 92

Purchase and sale agreement Pre-approval Inspection Inspection contingency 92

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

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

APRIL 28, 2022

Hold a garage sale. When you’re selling a house, finding a buyer means you can start thinking about the next big step: actually moving. This includes packing up your stuff, booking a trustworthy mover, and getting everything to your new home. Follow these expert moving tips and packing advice for a smooth transition. Find a reputable mover.

Purchase and sale agreement 107

Purchase and sale agreement Rent back As-is Agents 107

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. Our 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. Receive a cash offer in as few as 48 hours.

Purchase and sale agreement 108

Purchase and sale agreement Equity Agents Staging 108

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

Realtor.com

SEPTEMBER 18, 2020

Even if there isn’t a surge in repossessed homes to buy cheaply off the courthouse steps—which led to the emergence of Wall Street’s landlords during the foreclosure crisis a decade ago—there is likely to be a lot of forced sales and new renters. and American Homes 4 Rent , are up 79% and 59%, respectively, since stocks bottomed on March 23.

Investor 104

Investor Equity Rent back Commercial 104

The Close

FEBRUARY 6, 2024

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. Put in a Cash Offer It may seem obvious, but the first strategy I employ with my clients when I know they’ll face a multiple-offer situation is offering cash if possible.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

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

DECEMBER 15, 2022

Disclaimer : This article is meant to be used for educational purposes only and is not intended to be construed as financial or legal advice. If you are considering writing a letter to a seller when buying a home, HomeLight always encourages you to reach out to an advisor regarding your own situation. You’ve fallen in love… with a house.

Inspection 85

Inspection Closing Rent back Agents 85

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