HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

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RIS Media

APRIL 18, 2022

Allowing the seller to rent back for a specified amount of time. Speak to your real estate agent about what to expect. You can expect the seller’s listing agent to require it as well. Your agent can help you get pre-approved for a mortgage in the current market. All real estate is local, after all.

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RIS Media

JULY 8, 2021

Coach Your Agents to Greater Success When Representing Buyers Through Preparedness and Hustle. When navigating highly complex, multiple-offer negotiations in the current real estate market, it’s important for agents representing buyers to be prepared, proactive, and provide the best chance to win a bid for their dream home.

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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. For expert insight, we spoke with Kurt Thompson , a top real estate agent and former president of the Massachusetts Association of Realtors®. As it turns out, selling can be tough — overwhelming, even.

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First Team Real Estate

MAY 25, 2021

You are likely to pay little to no closing costs, no repairs, and cash out big. If you’re working with an experienced FirstTeam agent, they will be able to help you find a home sales strategy that works for you and your unique goals, timeline, and needs. According to statistics from DQNews, median home price increased 20.2%

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Windemere Selling

JUNE 14, 2021

Talk to your agent about real estate trends in your local market to understand which housing options tend to be available at certain times of year. By working closely with your agent , you can negotiate a longer closing period or a rent-back agreement with the new owners. Seasonality plays a role as well.

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Hank Miller Team

FEBRUARY 27, 2022

Home buyers are rushing to buy ahead of additional rate and/or rent increases, some will be trapped on the hamster wheel of renting. Closing date? A rent back? It's a beauty contest and the most appealing offers are getting selected. Add to the mix Wall Street and corporate investors circling like apex predators.

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HomeLight

MARCH 31, 2022

To succeed in getting a seller to consider your offer, you need to work in advance with your real estate agent to assess the best bargaining tools to entice the seller to move your offer to the top of the list. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller.

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Realty Biz

JULY 7, 2021

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. There may be rare local circumstances where this will work but it should only be based on the advice of a trusted real estate agent. The number one tip that you should be following is to be patient.

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Inspection contingency Marketing Inspection Rent back 88

Windemere Selling

SEPTEMBER 1, 2021

Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent. 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.

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Purchase and sale agreement Rent back Loans Agents 52

HomeLight

APRIL 27, 2022

And according to a recent survey, 83% of real estate agents expect these trends to continue into 2022, though a more balanced market may start to emerge in the second half of the year as interest rates rise. Work with a top agent to develop a strong pricing strategy. We might need some flexibility on closing time. Get Estimate.

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Renovation Agents Sales Rent back 99

Realtor.com

JANUARY 6, 2021

Jennifer Lenz , a real estate agent at Dolly Lenz Real Estate in New York City, has been privy to many high-profile splits and shares that divorce settlement details typically hinge on the prenups and other contractual obligations that were in place before the marriage.

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Redfin

MAY 7, 2021

I always advise potential sellers to look at the homes on the market, and if they don’t see anything they like, I recommend that they wait to list until they do,” said Portland, OR Redfin real estate agent Rebecca Walter. You can typically close within 10 to 60 days after accepting the iBuyer’s offer.

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Purchase and sale agreement Marketing Equity Loans 79

HomeLight

AUGUST 31, 2021

The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. If sellers get paid at closing either way, why is cash better? Updated August 31, 2021. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 77

Marco Santarelli

MAY 4, 2023

This trend has continued into 2023, with homebuyers still seeking out these properties. A good home in the resale market is selling quickly, and buyers today are not the same as those who bought 12 months ago. Competition for Turnkey Homes Remains Fierce Competition for turnkey homes in good school districts remains fierce.

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HomeLight

SEPTEMBER 30, 2020

On the flip side, the U&O can allow the seller to remain in the home for a certain amount of time after closing (also known as a “rent-back” agreement). On the flip side, the U&O can allow the seller to remain in the home for a certain amount of time after closing (also known as a “rent-back” agreement).

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Purchase and sale agreement Closing Rent back Investor 54

HomeLight

APRIL 19, 2021

Condos cost 30% more on average than co-ops,” says Dylan Hoffman , a local agent with over 19 years of experience, who’s sold 37% more properties than the average New York agent. Closing costs can range from 2.5% Hoffman notes that small studios in co-ops can start at $265,000 compared to $500,000 in condos. million in condos.

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Earnest money deposit Inspection Due diligence Agents 62

Redfin

JULY 28, 2020

of successful offers submitted by Redfin agents in select major U.S. Waiving these contingencies is a common strategy homebuyers use to make their offers more competitive by assuring the seller that the deal will close without unforeseen hiccups and negotiations. In June, 19.9% during the same month in 2019. up from 17.4%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Redfin

JULY 30, 2020

Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as reasons more buyers are bidding on homes before visiting them. 45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Where in the building is the unit?

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 73

HomeLight

APRIL 29, 2021

Think back to the quiz you aced during 10th grade economics with Mrs. Patil: supply and demand. To help us understand both buyer’s and seller’s markets, we spoke with top real estate agent Kim Rock. Are [they] making an offer, and how quickly can [they] get that offer in the listing agent’s hands?”. Source: (yi sk / Unsplash).

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Redfin

FEBRUARY 2, 2021

2) Get a Great Real Estate Agent. Having a great real estate agent by your side throughout this process can help make everything go more smoothly and aid you in making an offer quickly when the time comes. What is a Seller’s Market? A seller’s market usually results in rising home prices and stiffer competition among homebuyers.

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HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. ” Opendoor will let you stay in your house up to 17 days after you close through their Late Checkout program.

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HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team.

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HomeLight

FEBRUARY 4, 2022

And if you’ve recently overheard a work colleague gloating about how they easily bought a house without a real estate agent, one of those questions might be whether you actually need to hire an agent at all. Yes, you can buy a house without the aid of a real estate agent. An agent is your advocate. And lots more!

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HomeLight

FEBRUARY 25, 2022

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. If you’ve been looking for “discount agents” or “low commission real estate agents,” Ideal Agent has probably popped up in a search. What is Ideal Agent? What is Ideal Agent?

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Agents Pre-approval Loans Sales 86

HomeLight

JANUARY 28, 2021

In HomeLight’s Q4 2020 survey of over 1,000 top real estate agents, 74% of respondents said that home prices were on the rise in their area, in spite of the winter season. What’s more, 48% of agents believe home values in their market will continue to climb over the next six months, and 46% noted bidding wars were increasing in their market.

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HomeLight

MARCH 22, 2021

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. You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center. The best price doesn’t always win a bidding war.

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HomeLight

JUNE 30, 2021

When you closed on your first home, you probably weren’t thinking that one day you’d want to sell. Getting the timing right — selling your old house, closing on a new house, and then moving into your new house — can be a challenge. But after a few years, it’s easy to outgrow your space. Source: (LinkedIn Sales Solutions / Unsplash).

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HomeLight

OCTOBER 12, 2020

You need to write offers that tell the seller and listing agent three things: your offer has the best terms. Sarita Dua is a top agent in Portland, Oregon who’s been winning bidding wars all year long — including seven straight in a single weekend. HomeLight’s Agent Resource Center. Links and Show Notes.

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HomeLight

JULY 29, 2022

We’ll explain the market’s impact on this decision to sell or buy first, and provide advice from real estate experts such as Joel Barber , a top agent who works with 83% more single-family homes than the average Myrtle Beach, South Carolina, agent, to help you make the right choice. How Much Is Your Home Worth Now? In a buyer’s market.

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Debt-to-income ratio Loans Rent back Equity 109

HomeLight

JANUARY 7, 2022

We’ve talked to veteran real estate agents to build an end-to-end guide on how to buy a house while selling your own. Real Estate Agent. Real Estate Agent at RE/MAX Results. Before you make any decisions, a real estate agent can give you a sense of what your house could list for right now and how fast it’s likely to sell.

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Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. If something is wrong, you can request that it be fixed—or you can back out of the sale.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

FEBRUARY 28, 2022

That’s why we’ve spoken to top real estate agents and other professionals to create a guide that covers common challenges you could face and some alternate routes that might work better for you if you decide to sell and buy a house at the same time. Find Agent. Complicated logistics. Buying and Selling at the Same Time? Contingencies.

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Equity Debt-to-income ratio Closing Loans 120

HomeLight

NOVEMBER 30, 2023

While your home shopping journey technically started with getting preapproved for a mortgage and looking at houses, it often doesn’t feel official until your agent submits an offer. Find a Buyer's Agent To Navigate the Homebuying Process Working with a trusted real estate agent can help you ensure you are submitting your best offer.

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Rent back Agents Renovation Mortgages 80

HomeLight

NOVEMBER 10, 2021

Agent John Leinaar works in Kalamazoo , Michigan, an area where many pharmaceutical companies operate. Agent John Leinaar works in Kalamazoo , Michigan, an area where many pharmaceutical companies operate. It will help your agent bring you the right houses, too. But it will be different from a normal homebuying experience.

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Inspection Title Agents Pre-approval 88

HomeLight

AUGUST 17, 2022

With the help of Richie Helali from HomeLight Home Loans and Leanne Hester , a top real estate agent based in Newport News, Virginia , we’re taking a deep-dive into why mortgage rates are rising and what it all means for homebuyers and sellers. But why are mortgage rates going up? a home if you’re in a position to do so. So as a result?

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Mortgages Rent back Fixed-rate mortgage Banks 81

HomeLight

MARCH 28, 2022

No staging, no repeated showings, no agent commissions. Close in as little as 10 days. Otherwise, it’s possible that you would need to pay money at closing to settle up. A dream job with Netflix in Paris or Microsoft in Seattle could be enticing enough to sell your house and seize the opportunity of an amazing career move.

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Purchase and sale agreement Equity Agents Staging 113