HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” Loan approval. How it can delay closing.

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Realty Biz

JUNE 7, 2021

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you. Hence, the closing timeline depends on your lender.

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Realtor.com

JANUARY 7, 2021

Although this is a major milestone on the march toward closing, there are many points where this deal can go off the rails—like if you find out your home buyer wasn’t approved for a mortgage. Why home buyers aren’t always approved for a mortgage. Still, pre-approval is not a guarantee that a buyer will get a loan.

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Realty Biz

AUGUST 12, 2023

Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. Closing Costs : Fees and other costs that need to be paid when closing on a house.

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HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. If you refuse and you can’t come to an agreement, they’re free to walk away.

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Toronto Realty Blog

JUNE 15, 2022

Hell, I could even close my eyes and hear the sound that the solid wood front door made when it closed. 2) Sellers hand-picked their closing date. We also expected that the seller would simply give us a closing date, and we’d make do. My bedroom was the only bedroom I had ever known. You know what to expect.

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HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.

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CT Homes

OCTOBER 28, 2021

When buying or selling a home, the topic of who pays closing costs is bound to come up eventually. Any real estate transaction will host numerous costs and fees that will be factored into the purchasing process on top of the property’s value. We’ll also settle once and for all who usually pays closing costs: the buyer or the seller?

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Housing Wire

DECEMBER 8, 2023

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Student Support: Support is available seven days a week via chat, email, and phone/ When you have questions, we have answers.

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Realty Biz

JULY 1, 2023

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage.

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HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. In this article, we explain how to find and sell to a Los Angeles area cash home buyer.

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Redfin

MARCH 3, 2022

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

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Easy Agent Pro

SEPTEMBER 5, 2023

Carefully consider factors like inventory levels, average sale prices, and average days on the market before making decisions. Setting a Realistic Budget and Obtaining Pre-Approval Before engaging in bidding wars, creating a realistic budget is essential. This will prevent overextending yourself financially.

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Point2Homes

JANUARY 31, 2023

With a budget in place, your next step should be to get pre-approved for a mortgage. Without being pre-approved, you’ll need to delay your offer while you secure financing. Check out comparable properties to make sure that the sale price is fair or whether there’s a little wiggle room to negotiate.

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Redfin

DECEMBER 6, 2023

Purchasing a home in New York marks a monumental step, unveiling a rich tapestry of choices across its dynamic neighborhoods and bustling boroughs. The state’s median sale price is higher than the national average of $413,944, standing at $484,300, showcasing its premium real estate positioning. year-over-year.

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Realty Biz

MAY 1, 2022

To make an informed decision, it’s important to understand the following: 1) What is the inventory of houses for sale? You don’t want to hang your hat on a seller looking at a pre-approval letter from some no-name lender. One of the bigger stumbling blocks in any home purchase is the home inspection.

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First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. Aside from price, there are a number of other elements sellers must think about– and as your official guide in the home sale process , we’re here to help paint the whole picture, not simply part of it.

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HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Redfin

AUGUST 21, 2020

Purchasing your first home is a big move. For some, it represents the independence they’ve been striving for, while others see their home purchase as a path to financial security and a way to create a safe haven for their family. . This information is a standard requirement for a real estate agent’s listing agreement.

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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. If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days.

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HomeLight

JUNE 28, 2021

Why do some offers have one price on the purchase agreement and another price on the escalation addendum? An offer your friend submits to escalate the purchase price doesn’t qualify. The buyer will generally specify a maximum purchase price. Back out of the agreement. You’re thrilled but also confused.

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Windemere Buying

JUNE 22, 2022

Sellers will typically request alterations like a higher price, a modification to your contingencies , or an adjustment of closing dates. You can accept or reject the counteroffer or come back with a counteroffer of your own, which may continue for multiple rounds until the two parties reach an agreement. Now you’re ready to close!

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HomeLight

JUNE 21, 2022

You can’t wait to close the deal so you can move out and begin the next chapter of your life. But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal. What is a home inspection? Contingencies can be costly.

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Windemere Buying

FEBRUARY 28, 2022

After preliminary stages like getting pre-approved , searching for homes, and finding a buyer’s agent , various contracts and buyer-seller agreements will enter the fold as the purchase of a home is finalized. The funds and documents are held by a third party “in escrow” until the terms of the agreement have been filled.

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HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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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. Garage door: 94%.

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Redfin

AUGUST 3, 2023

Despite this shifting demand, the median sale price has continued its steady ascent, increasing by 1.3% 2: Augusta, GA Median home price: $211,950 Augusta, GA homes for sale Augusta is perhaps best known for hosting the prestigious Masters Tournament, attracting golf enthusiasts worldwide. year-over-year. compared to the previous year.

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Redfin

SEPTEMBER 17, 2020

In an ideal situation, the seller would accept it, you’d close, and the home would be yours. Hiring an agent to help you find a house and negotiate its purchase is well worth the cost, especially in a competitive market. In a buyer’s market, there are more homes listed for sale than there are homebuyers.

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Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets. As a seller, it’s important to be transparent in listing any issues with the home.

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Redfin

FEBRUARY 2, 2021

A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. 1) Get Pre-Approved for a Home Loan. Furthermore, you’ll receive a pre-approval letter from your lender indicating how much of a mortgage you’ve been approved for.

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Redfin

MAY 5, 2023

Due to the state’s thriving economy, low cost of living, and a growing population, Texas has become a magnet for buyers and investors, which has resulted in median sale prices climbing steadily in recent years. to $341,300 and competition slowing down. And if you find your interest between two cities, fear not.

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Realty Biz

AUGUST 2, 2023

Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. Setting the Right Price for a Quick Sale When selling your home quickly, one of the most critical factors is setting the right price. Overcoming common challenges is also vital.

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Realty Biz

JANUARY 12, 2021

It’s about working with a professional agent to narrow your search and help you navigate through the purchase process. 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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HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. Short sales or foreclosures in your area have driven home prices artificially low.

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Redfin

JUNE 29, 2023

Michigan housing market insights The housing market in Michigan continues to show increased median sale prices. As of recent data, the median sale price stands at $252,200, reflecting a 1.6% Additionally, the number of homes available for sale has declined, down 8.3% year-over-year increase. year-over-year.

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HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

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Toronto Realty Blog

JANUARY 22, 2021

Let’s rewind… Back in October of 2017, a pre-construction, stupidly-named “Museum FLTS,” was cancelled. I told them that I had been writing about the perils of pre-construction condos for a decade and that there was nothing they could “do” about this cancellation.

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