Realty Biz

MARCH 13, 2024

Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Pre-approval provides a significant advantage by showing sellers you are a serious buyer with the financing ready to make a purchase.

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Windemere Buying

APRIL 12, 2023

Real Estate Agent You’ll be represented by a buyer’s agent throughout the home buying process. When searching for a real estate agent, ask questions to gain an understanding of their professional expertise as well as their personality. Home Inspector The home inspection is key to the home buying process.

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Pre-approval Inspection contingency Title Inspection 104

Point2Homes

DECEMBER 7, 2020

The real estate agent you choose to work with is even more important when buying a foreclosure. Specifically, a real estate agent who is experienced in helping buy foreclosures and who has a good knowledge of the local area will know when a home is a bargain. Getting Pre-Approved. Getting the Right Help.

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Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

The Close

FEBRUARY 6, 2024

I contacted the listing agent only to learn that all offers were due by 5:00 p.m. Offer Above Asking Price When your buyers are competing with others in a multiple-offer situation, and the listing agent is asking for the “highest and best” offer, it’s a good idea to suggest offering more than the asking price.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

Point2Homes

SEPTEMBER 30, 2021

If you haven’t already, try hiring a real estate agent to market your home. Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency.

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Pre-approval Proof of funds Inspection contingency Due diligence 98

Realty Biz

AUGUST 22, 2022

In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency. Getting out of the signed contract and having your earnest money returned to you is typically only possible if the contingencies are not met.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 96

Windemere Selling

MARCH 14, 2022

When selling your home, a buyer may make their offer with contingencies attached. Here are some common contingencies you might see in a buyer’s offer and what they mean for you. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

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Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

Windemere Buying

OCTOBER 18, 2021

By working closely with your agent , you can identify these pitfalls ahead of time and adjust accordingly. Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted.

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Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

The Close

SEPTEMBER 10, 2020

Listing agents are flying high with attention on their listings. But, of course, buyer’s agents are always frustrated with the amount of work they are putting in, only to get shot down and have to repeat the process over and over again. CALL the Listing Agent. Make Sure You Have a Proper Approval Letter From a Reputable Lender.

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Home sale contingency Pre-approval Earnest money deposit Marketing 113

HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. A cash offer won’t always be the best deal,” says Enas Latif , a top real estate agent who sells homes 62% quicker than the average Harris Hill, New York agent. Source: ( Pexels / Pixabay ). Good question.

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Inspection contingency Proof of funds Inspection Pre-approval 56

Redfin

FEBRUARY 2, 2021

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. 2) Get a Great Real Estate Agent. What is a Seller’s Market? However, even if the U.S.

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 66

Realty Biz

NOVEMBER 11, 2020

For example, if a home sale is contingent or pending, can you still make an offer? Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. How your real estate agent markets your property when an offer has been accepted can have vital implications.

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Backup offer Sales Home sale contingency Earnest money deposit 110

Windemere Buying

JUNE 22, 2022

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. The seller rejects your offer: If a seller rejects your offer, your agent may be able to relay information from the listing agent as to why it was insufficient.

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Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

JUNE 21, 2022

As home prices and interest rates rise in 2022, savvy buyers want to get their money’s worth and pay for an inspection to ensure that the house is in good condition or identify any significant defects. What is a home inspection? The buyer might renegotiate a lower price if the house is in worse shape than expected.

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Inspection Purchase and sale agreement Pre-approval Inspection contingency 122

Real Trends

DECEMBER 27, 2022

Aspiring and veteran real estate agents should be well aware that the same applies to the home buying and selling process: uncertainty hangs over every deal. A pending sale may be referred to as “under contract” by some real estate agents. It should be reassuring for all real estate agents that not many home sales fall through.

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Sales Home sale contingency Pre-approval Inspection 60

Realty Biz

DECEMBER 23, 2022

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer.

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Inspection Inspection contingency Pre-approval Closing 79

Windemere Buying

AUGUST 31, 2022

Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized. To sweeten their offers in such market conditions, buyers will typically waive their contingencies. Common Real Estate Contingencies. Financing Contingency.

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Home sale contingency Inspection contingency Title Pre-approval 52

HomeLight

APRIL 29, 2021

For expert insight, we spoke with Kurt Thompson , a top real estate agent and former president of the Massachusetts Association of Realtors®. ” Start by clearing off flat spaces like your kitchen counter — an essential task, according to nearly 97% of real estate agents surveyed by HomeLight. Source: (Zac Gudakov / Unsplash).

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 92

HomeLight

JANUARY 3, 2023

Sellers who may have been wondering about how to sell a house by owner in Colorado during the hot seller’s market of 2021-2022 may now face stronger headwinds and more discerning buyers, according to top real estate agents surveyed by HomeLight. FSBO is a method of selling your home without the involvement of a listing agent.

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Purchase and sale agreement Inspection MLS Inspection contingency 96

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 74

HomeLight

OCTOBER 8, 2020

Sale contingencies are frowned upon. In this bonus Walkthrough episode, you’ll learn why homeowners call HomeLight Trade-In the “easy button” of real estate and why agents say it’s a “game changer” that’s helping them sell more homes and create happy clients. Links and Show Notes.

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Agents Pre-approval Inspection Staging 76

Redfin

OCTOBER 12, 2020

From navigating the mortgage approval process to the possibility of a bidding war, it can be tricky to go at it alone. Real estate agent. However, the process will feel less daunting with an experienced real estate agent by your side. However, even if this isn’t your first rodeo, the homebuying process can be complex.

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Title Pre-approval Inspection Inspection contingency 73

Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy.

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Purchase and sale agreement Title Staging Inspection 92

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. The process usually starts with the agent coming to the house and providing guidance on what needs to be done — and, more importantly, what doesn’t need to be done,” she says.

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Closing Pre-approval Inspection Days on market 122

HomeLight

MARCH 31, 2022

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. 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.

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Purchase and sale agreement Inspection Title MLS 88

HomeLight

MARCH 30, 2021

Cesi Pagano , a real estate agent with over 30 years of experience in Orange County, California , says, “It’s important that buyers look at every detail. Some people just focus on a home inspection and that’s not enough. Ask your real estate agent to help you gauge the current real estate market in your preferred area.

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Due diligence Inspection Title Pre-approval 103

Realtor.com

DECEMBER 7, 2019

But as the housing market has rebounded , buyers are getting competitive —more and more are waiving those contingencies, or protections, in order to speed the deal through to closing. So getting those pesky contingencies out of the way is a win-win, right? Contingency: Early move-in. Contingency: Appraisal. Of course not!

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Pre-approval Title search Title Inspection 90

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 sell your home pronto, now is a great time. The recent housing market has been hot and competitive due to an extreme lack of inventory.

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Purchase and sale agreement Home sale contingency Title search Inspection 82

HomeLight

AUGUST 31, 2021

The most obvious contingency with an offer that requires financing is, of course, the financing itself. submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Updated August 31, 2021. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 76

HomeLight

JUNE 17, 2022

“I think you have a lot of factors but currently in our marketplace, it’s more of a supply and demand,” says DeWayne Carpenter , who has 26 years of experience pricing homes and is recognized as a top-producing agent in the Melbourne , Florida, area. Such as in these scenarios: You’re listing in a seller’s market.

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Inspection Pre-approval Inspection contingency Renovation 104

HomeLight

JULY 31, 2020

In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. Loan approval. It almost certainly will not move as quickly as anticipated. Dodge move.

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Closing Purchase and sale agreement Title search Earnest money deposit 109

HomeLight

OCTOBER 20, 2022

Although the appeal of FSBO lies primarily in saving the cost of paying a listing agent , the amount of paperwork, knowledge, and time necessary to sell a house without a real estate agent can be daunting. Many FSBO sellers will purchase a pre-listing appraisal. Pre-inspection. For Sale By Owner (FSBO).

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Purchase and sale agreement Pre-approval Inspection MLS 99

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

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

SEPTEMBER 15, 2021

Without further ado, we’ve done the research to round up the key documents needed to sell a house and run them by two top real estate agents and a real estate attorney who’ve seen these forms countless times. Pre-listing inspection report. Contingency removal form (CA-specific). Home inspection report. Please note!

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Purchase and sale agreement Inspection Title Pre-approval 114

HomeLight

JUNE 30, 2021

Making an offer on a house without a Realtor® or a real estate agent is kind of like trying to represent yourself in a court of law — it’s possible, but it’s not a good idea. and what’s an agent? A real estate agent is licensed to help people buy, sell, or rent different housing or real estate property types. or an agent?

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 77

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Clear the title.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139