HomeLight

JANUARY 3, 2024

It means the buyer and seller have agreed to the terms of the contract, such as the price, the closing date, the personal property, the earnest money, tax preparation, and contingencies.” The buyer may even be pre-approved by their lender, but there’s still work to be done before the financing officially comes through.

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 94

HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Pre-inspection. Getting a pre-listing inspection can facilitate a quicker sale because it eliminates surprises – and gives the seller time to fix major flaws.

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Purchase and sale agreement Pre-approval Inspection MLS 96

Real Trends

MAY 10, 2023

How do you know which of your buyers will actually turn into a closed transaction? Meanwhile, until you have your magic number of listings , which is the number of active listings you must have at all times to meet or exceed your monthly financial goals, prequalify all of your buyers using our buyer pre-qualification script.

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Pre-qualification Pre-approval MLS Agents 62

HomeLight

MARCH 19, 2022

Your Realtor® will be able to help explain different non-monetary contract terms that might help sweeten a deal, including: A closing date that aligns with your timeline. The buyer’s financial health (mortgage pre-approval, down payment size, etc.). Bottom line is, a Realtor® will help you overcome any roadblocks to closing.

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Closing Due diligence Agents Staging 87

Real Trends

OCTOBER 1, 2022

Current statistics show that the most recent closings sold for 99.8% It’s not good enough to just be pre-approved. Your buyer needs to be under loan approval, pending identification of the property and possibly the appraisal — nothing else! More days on the market do not equal lowball offer time. of the list price.

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Pre-approval Marketing Inspection MLS 83

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. Also, understand the difference between a prequalifying and a pre-approval letter. That could be a pretty sizable chunk of money from the seller’s profit.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Pre-foreclosure. Auction sale.

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Pre-approval Short sale Banks Finance 92

HomeLight

MAY 25, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. That 6% is deducted from the seller’s proceeds at closing. or if they can put their house on the multiple listing service (MLS). Unsure about selling FSBO in North Carolina?

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MLS Pre-approval Agents Sales 79

HomeLight

OCTOBER 9, 2023

If you are approved for up to $450,000, I recommend shopping for homes between $350,000 and $425,000,” says Wordelman. “In If your area is on the cusp of a second MLS system, make sure your agent prepares searches using both regions,” she says. “As A buyer could also ask for a closing cost credit, which can offset closing costs.”

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Pre-qualification Pre-approval Agents Loans 88

Real Trends

FEBRUARY 27, 2023

Stop relying only on your MLS. Get more creative with your MLS searches. If your buyers keep losing out to multiple bids, search your MLS using the same criteria, but for homes that have been on the market for more than 60 days, more than 90 days, etc. Stagers are also a fantastic source of pre-listing leads.

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Marketing MLS Pre-approval Home sale contingency 94

Toronto Realty Blog

MAY 9, 2024

Long-time clients of mine asked me help relocate their elderly parents nd we found them an exceptional condominium that was close to both their 50-something-year-old “children,” and which provided enough space that they wouldn’t feel a shock coming from a much larger home – one they’d been in since the 1970’s.

Purchase and sale agreement 83

Purchase and sale agreement MLS Pre-approval Agents 83

HomeLight

SEPTEMBER 20, 2022

If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. So you’re going to be waiting a long time — and you might never get approval.”. I’ve seen it take as long as a year. Jessica Wallace.

Short sale 80

Short sale Sales Pre-approval Equity 80

Ryan Serhant

APRIL 29, 2022

Complete 90 hours of state-approved pre-licensing education. Complete 90 hours of state-approved pre-licensing education. . In Oklahoma, pre-licensing education includes information on contract law, listing agreements, real estate finance, closings, Oklahoma laws and much more. . Find a sponsoring broker.

Pre-approval 52

Pre-approval Brokerage Sales As-is 52

HomeLight

OCTOBER 11, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. That 6% is deducted from the seller’s proceeds at closing. Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Stephanie Kauzlarich.

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MLS Purchase and sale agreement Pre-approval Agents 92

Easy Agent Pro

SEPTEMBER 3, 2020

Provide urgency by reminding them that their homes are far more attractive now, in summer, than fall so their photos will stand out in the MLS, should they decide to sell in the fall real estate market. Closing before Thanksgiving week should be their goal, if at all possible. Keep the rake handy. Ah, fall appliance sales.

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Marketing Pre-approval MLS Title 112

Ryan Serhant

APRIL 27, 2022

Complete 72 hours of state-approved pre-licensing education. Complete 72 hours of state-approved pre-licensing education. . The pre-licensing education includes the 48-Hour Salesperson Pre-Examination Course and the 24-Hour Missouri Real Estate Practice (MREP) Course. Pass the course final exam.

Pre-approval 52

Pre-approval Brokerage Agents As-is 52

Ryan Serhant

MARCH 29, 2022

Complete 70 hours of state-approved pre-licensing education. Complete 70 hours of state-approved pre-licensing education. . The Montana Board of Realty Regulation (MBRR) requires all prospective real estate agents to complete 70 hours of pre-licensing education before taking the real estate licensing exam.

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Pre-approval Brokerage Agents MLS 52

HomeLight

OCTOBER 5, 2020

” She adds, “You need a strong pre-qualification letter from a legitimate lender, and there’s no getting around that. There is a process you must follow to get pre-approved for a mortgage. The closing costs are the second-largest chunk of money you’ll need to account for, right behind the down payment itself.

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Short sale Sales Pre-approval Pre-qualification 73

Real Trends

JULY 14, 2022

million , more in line with the pre-pandemic numbers of 2018 and 2019. Pre-marketing your listing prior to it hitting the market will allow for listing agents to gain traction on their listing , receive feedback from their peers on the property and ensure the property is ‘market ready’ to avoid the listing going stale when it hits the MLS.

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Agents Sales Pre-approval Brokerage 52

The Close

DECEMBER 29, 2022

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. This is when the seller signs over all rights and obligations related to a property to the buyer before the actual closing.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

Notorious ROB

DECEMBER 19, 2022

Opendoor Opens the Door to a New National MLS. Those are not agent listings sourced from an MLS via IDX feed. If buyers don’t know about my home for sale, and certainly their buyer agent belonging to the local MLS isn’t going to tell them because the home is not in the local MLS, then how do I get any traction?

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MLS Agents Pre-approval Brokerage 79

Real Trends

MARCH 13, 2023

This means getting as many eyes on a house as possible will increase listing agents’ chances of closing a deal before a listing becomes stale and even more difficult to sell. Drone footage, for example, is a proven marketing tool; MLS statistics show listings sold 68% faster when they used aerial images.

Marketing 64

Marketing Technology Pre-approval Brokerage 64

Ryan Serhant

APRIL 28, 2022

Complete 60 hours of state-approved pre-licensing education. Complete 60 hours of state-approved pre-licensing education. . The first step to becoming a real estate agent in the state of Mississippi is completing the 60-Hour Salesperson Pre?Licensing Pre-licensing courses in Mississippi can be taken online. .

Pre-approval 52

Pre-approval Brokerage Agents As-is 52

Point2Homes

JUNE 23, 2021

You will still need to check MLS listings, research the local market, consider your financing options, obtain an appraisal and inspection, make an offer , negotiate and close the deal. Yet, the addendum can also specify that the sale must be closed by a set date. However, there are some differences. Are REOs Worth It?

Pre-approval 71

Pre-approval Banks Title search Inspection 71

HomeLight

JANUARY 3, 2023

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Real estate attorneys are not considered essential for closing in Colorado. That 6% is deducted from the seller’s proceeds at closing. Get a pre-listing appraisal.

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Purchase and sale agreement Inspection MLS Inspection contingency 92

The Close

FEBRUARY 20, 2024

I know it’s hard to imagine, but consider putting in your buyer’s specific criteria (three bedrooms, a detached garage, and pool) and the MLS returning over a dozen listings in a neighborhood. This means you’ve got a pre-approval in hand and that you understand the importance of being flexible. The first would be your local MLS.

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Marketing Debt-to-income ratio MLS Pre-approval 92

Realty Biz

JANUARY 12, 2021

Today, traditional investing involves finding available properties on the internet-based MLS (multiple listing system). It means proving you are pre-qualified for a loan before you know what house you might buy. Once you have an offer accepted, a whole new set of people start looking at the agreement to see if they approve.

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Purchase and sale agreement Pre-qualification Pre-approval MLS 69

HomeLight

NOVEMBER 9, 2021

During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. It generally takes a couple of days to come to an agreement with a buyer and as few as 10 days to close. Market conditions at the time you sell.

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Purchase and sale agreement Home sale contingency Title search Inspection 80

HomeLight

NOVEMBER 21, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. That 6% is deducted from the seller’s proceeds at closing. Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Talia Gila.

Purchase and sale agreement 72

Purchase and sale agreement MLS Pre-approval Agents 72

Realtor.com

NOVEMBER 28, 2022

. “Two-thirds of homeowners right now are sitting on a sub-4% mortgage, and about a quarter are sitting on a sub-3% mortgage,” says Lisa Sturtevant , chief economist of the Bright MLS. The difference is that all financial documents are reviewed by an underwriter, which gets you conditionally approved for financing.

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Marketing Pre-approval Equity Finance 119

Realty Biz

NOVEMBER 11, 2020

This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. If the buyer still needs to sell their home before they can close on the new property, a home sale contingency can be put in place. The status of a home will change to pending as the final stage before closing.

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Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

OCTOBER 1, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. That 6% is deducted from the seller’s proceeds at closing. Next: Consult our guide on who pays closing costs when selling a house by owner for more details. William Wall.

MLS 86

MLS Pre-approval Agents Sales 86

Ryan Serhant

APRIL 26, 2022

Meet the pre-qualifications. Complete pre-licensing education. Make sure you meet the pre-qualifications. . Complete pre-licensing education. . Once you determine your eligibility as an applicant, your real first step is to begin your pre-licensing education. Pass the pre-licensing course final exam. .

Pre-qualification 52

Pre-qualification Pre-approval Brokerage Agents 52

HomeLight

NOVEMBER 10, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. That 6% is deducted from the seller’s proceeds at closing. Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Navigate to Zillow.

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Purchase and sale agreement MLS Agents Pre-approval 80

HomeLight

SEPTEMBER 30, 2020

Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. HUD will also take care of some of the closing costs, up to 3% of the home’s purchase price. The home is then sold at a discount by HUD. Pretty big perks! Next, explore financing options.

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Earnest money deposit FHA loan Pre-approval Finance 75

HomeLight

MARCH 31, 2022

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Real estate attorneys are not considered essential for closing in the state of Florida. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title MLS 85

HomeLight

MARCH 30, 2021

Short sales are generally available directly through the MLS. If not, some language in the listing might provide clues that they are in fact short sales, such as “subject to bank approval,” “notice of default,” or “headed for auction.”. Many brokerages provide lists of short sales for interested buyers, so ask your agent to provide it.

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Short sale Sales Pre-approval Closing costs 58