Realty Biz
MAY 1, 2022
When trying to compete with cash offers, getting a bank letter at your maximum loan amount is helpful. Getting a bank letter from a reputable lender is also a significant plus. Lean on your buyer’s agent for what they have seen with other properties. Let The Seller Rent Back The House. Ten percent or more?
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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Real Trends
JULY 15, 2022
Also, lending guidelines are much tighter today than in previous years so banks aren’t approving risky loans to potential buyers. 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.
Realty Biz
JULY 7, 2021
The preapproval letter is based on the lender reviewing and confirming your W-2s, bank statements, credit score, and other relevant documentation. 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. Offer to rent back to the seller.
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. A top agent will help you remain competitive even in a cash market. Why use a top agent to buy a house in Manhattan? million in condos.
HomeLight
AUGUST 31, 2021
From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. 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.
HomeLight
APRIL 29, 2021
To help us understand both buyer’s and seller’s markets, we spoke with top real estate agent Kim Rock. The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Only 36% of surveyed agents shared this sentiment. Your bank account will thank you!
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