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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Sotheby's International Real Estate

MARCH 19, 2021

Wealthy Chinese buyers drawn to European castle estates, agents say – South China Morning Post. How a “Rent Back” Could Help You Win the Bid on Your Dream House – Apartment Therapy. Telluride, Colorado | Dan Dockray, LIV Sotheby’s International Realty . Tom Cruise’s Action-Packed Colorado Estate Lists for $39.5

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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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Pre-approval Backup offer Due diligence Rent back 119

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

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

MAY 5, 2022

“I’ve had people literally crying in the driveway, moving vans in the driveway, and the other people haven’t moved out yet,” recalls Nicole Solari , a top agent and first-time homebuyer specialist in Fairfield, California. We’ve got solutions and options for the specific scenario you face, whether it’s: You need to negotiate a rent-back.

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Realty Biz

MARCH 5, 2021

Real estate agents are urging their clients to go and sell their homes now, or risk missing out on the golden opportunity that the current seller’s market presents. “A But real estate agents say people in that situation still have options. The supply of existing homes for sale is at a record low of just 1.9

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Equity Rent back Agents Loans 113

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. A rent back? It's a beauty contest and the most appealing offers are getting selected. Inventory is even lower than last year and no one is expecting a major change any time soon.

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Due diligence Rent back Inspection Agents 52

First Team Real Estate

MAY 25, 2021

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. Work with a buyer’s agent to help protect your interests while also being as aggressive as possible with your home offers. Sales: Up 66.9%.

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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. Your budget will help determine your options.

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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. Do I buy or sell first?

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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. The old saying in real estate is “location, location, location.”

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Renovation Agents Sales Rent back 96

HomeLight

APRIL 28, 2022

Bonnie Fleishman , a top agent in Glen Burnie, Maryland, recommends selling furniture and decor items as part of the house. When you’re selling a house, finding a buyer means you can start thinking about the next big step: actually moving. Follow these expert moving tips and packing advice for a smooth transition. Find a reputable mover.

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Purchase and sale agreement Rent back As-is Agents 111

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 91

Realtor.com

JUNE 4, 2021

But sellers today often receive multiple bids, and those with contingency clauses are unlikely to be accepted, agents say. Some sellers negotiate rent-back agreements, so they can stay in their home for a month or longer after selling while they house hunt. In more normal times, first-time home buyers move into starter homes.

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Purchase and sale agreement Marketing Rent back Principal 90

Real Trends

JULY 15, 2022

Because of today’s tight market agents have a great opportunity to assure sellers get the best price for their home. A good agent should help a seller make his home as appealing as possible. This only makes the process harder for the buyer and his agent.

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Loan Officer Agents Rent back Finance 52

Realty Biz

JULY 7, 2021

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. Before you write up your offer, have your agent contact the selling agent to learn if there are other offers on the house. The number one tip that you should be following is to be patient.

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Inspection contingency Marketing Inspection Rent back 88

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. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Source: (Masjid MABA / Unsplash).

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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. Homeowners in a seller’s market face a conundrum. On one hand, their home is worth more than it has ever been.

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Purchase and sale agreement Marketing Equity Loans 79

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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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

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. We interviewed real estate experts with decades of experience to help you win a bid on your own home in Manhattan’s hyper-competitive, fast-paced market.

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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. Updated August 31, 2021. The most obvious contingency with an offer that requires financing is, of course, the financing itself. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 76

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

Redfin

JULY 28, 2020

of successful offers submitted by Redfin agents in select major U.S. The decision to do so should be made carefully with the guidance of a trusted real estate agent, who can also advise on the possibility of doing a pre-inspection before submitting an offer. In June, 19.9% during the same month in 2019. up from 17.4% up from 17.4%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

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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Pre-approval Purchase and sale agreement Marketing Inspection contingency 65

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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Marketing Sales Agents Construction 110

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 17, 2024

In normal home sales, many real estate agents are negotiating rent-back periods for home sellers. Opendoor charges a daily rate which is calculated based on: home value, utility costs, and days of rent-back. Some charge higher fees, or offer repair and late checkout options. What is Opendoor? What is Offerpad?

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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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As-is Purchase and sale agreement Agents Equity 103

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 82

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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Agents Purchase and sale agreement Due diligence Inspection 92

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

JUNE 30, 2021

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. If the contingency isn’t met, it usually means that you can drop out of the purchase and get your earnest money back.

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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 110

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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