Realty Biz

JANUARY 29, 2022

But draining every bit of cash from your savings is a big mistake, especially when there are additional home-buying costs, including: A home inspection Closing costs Home insurance. Add all of the expected costs of buying a home, then calculate the down payment percentage you can afford. Not Getting Pre-Approved.

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Pre-approval Mortgages Closing costs Principal 127

CT Homes

APRIL 4, 2024

It involves a fair bit of paperwork, the settlement of closing costs, and, most importantly, the handover of the keys to your new home. Typical Closing Process and Timeline Loan Application and Pre-Approval : Typically takes 1-3 days for pre-approval, with the full application process extending up to 2 weeks.

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Closing Pre-approval Inspection VA loan 55

Windemere Selling

JULY 19, 2023

Look to your real estate agent for advice and keep the following guidelines in mind. Alert the credit bureaus if you see any mistakes, fix any problems you discover, and don’t apply for any new credit until after your home loan closes. Pre-approval lets sellers know you’re serious. Put it in writing.

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Realty Biz

MARCH 7, 2023

You'll also need to factor in additional costs, such as property taxes, insurance, and closing costs. Check Your Credit Score Your credit score plays a crucial role in the mortgage approval process. Hire a Real Estate Agent A good real estate agent can help you find the perfect home and negotiate a fair price.

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Realty Biz

JUNE 20, 2023

Navigating the real estate market as a first-time home buyer can seem like a daunting task. It's advisable to ensure that the total housing costs - which include mortgage payments, insurance, taxes, and maintenance - do not exceed 30-35% of your gross income.

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Realty Biz

JULY 19, 2023

Obtain a pre-approval letter from lenders to understand your borrowing capacity. Obtaining a Pre-Approval Letter from Lenders Getting pre-approved for a mortgage is an essential step in the home-buying process. Additionally, account for closing costs, typically 2% to 5% of the loan amount.

Mortgages 75

Mortgages Pre-approval Debt-to-income ratio Closing costs 75

HomeLight

JANUARY 3, 2022

Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. iBuyer vs. real estate agent summary. The main trade-off is that the offer could be less than what you’d get listing the home with an agent, and you’ll pay a fee for the iBuyer’s services.

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Lighter Side of Real Estate

AUGUST 5, 2020

Ask an agent to go see houses before getting pre-approved. If you haven’t actually qualified for financing, you should hold off on going to look at houses with a real estate agent (or even going to open houses), since there’s no guarantee that a mortgage company can lend you the money. Try to mislead the mortgage company.

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Pre-approval Debt-to-income ratio Title search Finance 145

Redfin

APRIL 7, 2023

With its pristine beaches, year-round sunshine, and thriving job market, it’s no wonder that so many people dream of owning a home in America’s Finest City. To help you get started, we turned to some of Redfin’s top Partner Agents in San Diego to help you navigate the process with confidence.

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Pre-approval Agents Pre-qualification Debt-to-income ratio 58

HomeLight

FEBRUARY 12, 2021

Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. of all mortgage originations.

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FHA loan Loans Pre-approval Pre-qualification 109

RIS Media

OCTOBER 29, 2020

Let’s take a look at some of the key things to consider before you jump into the real estate market and buy your first house. Closing Costs. Many of these will need to be paid at closing. Sometimes sellers are willing to help with closing costs to make things easier for the buyer. Getting Prepared.

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Pre-approval FHA loan Inspection Closing costs 140

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

Realty Biz

FEBRUARY 7, 2023

Working as a real estate agent for the past thirty-seven years, more clients who have used conventional mortgages than any other. Get Pre-Approved Once You Choose a Lender If you speak to any Realtor, they will speak about the importance of getting pre-approved for a mortgage.

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Pre-approval Mortgages Pre-qualification VA loan 76

Redfin

DECEMBER 6, 2023

This Redfin article will delve into the intricacies of buying a house in New York, guiding you through this vibrant and fast-paced market. New York housing market insights The housing market in New York reflects a diverse landscape with varying trends across its regions. What’s it like to live in New York? year-over-year.

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Purchase and sale agreement Pre-approval Closing costs Sales 60

Windemere Buying

OCTOBER 4, 2021

The more competitive the housing market, the greater the lengths buyers will go to to make themselves stand out amongst the competition. In a seller’s market , listings commonly receive multiple offers, often over their original asking price. All-cash offers often lead to quick sales with short closing times.

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Redfin

SEPTEMBER 17, 2020

Even if you have a well-versed real estate agent by your side, the thought of negotiating can be daunting. However, when armed with the right information and a great real estate agent, you can successfully negotiate the best deal. How much can you negotiate on a house in a buyer’s market?

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Pre-approval Purchase and sale agreement Closing costs Inspection 70

RIS Media

OCTOBER 22, 2020

Here are some tips from Zillow for how your buyers can score their dream home despite the bustling market: Financing. Evaluate your current credit situation and make a game plan to clean up your credit score, if needed, prior to starting the pre-approval process.”

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Pre-qualification Pre-approval Due diligence Finance 74

Redfin

JULY 3, 2023

Arizona housing market insights The Arizona housing market is experiencing some notable trends and shifts. Several cities in Arizona have emerged as competitive real estate markets, including Pinetop , Flagstaff , and Cottonwood. year-over-year, indicating a tightening market. decrease compared to the previous year.

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Pre-approval FHA loan Debt-to-income ratio Loans 55

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Get pre-qualified with a mortgage lender.

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Pre-approval Pre-qualification FHA loan Inspection 96

Redfin

JUNE 29, 2023

However, navigating the homebuying process in Michigan requires careful consideration of factors such as location, market conditions, financing options, and legal requirements. If you’re a first-time homebuyer and want to know more about the market, Redfin has your back. What’s it like to live in Michigan?

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Pre-approval Purchase and sale agreement FHA loan Closing costs 50

Realty Biz

FEBRUARY 12, 2023

Through this program home buyers can receive up to 5 percent of their home’s purchase price to apply toward down payments, closing costs or other eligible pre-closing expenses and that assistance can be forgiven after seven years. All loans are subject to credit approval. Government. Equal Housing Opportunity.

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Mortgages Pre-approval Lending Finance 79

HomeLight

AUGUST 16, 2021

We’ve rounded up expert advice from all across our Buyer Resource Center and enlisted the help of top Massachusetts agent Rosemary Mancuso to walk us through what first-time buyers need to buy a house. Some savings you can use toward a down payment and closing costs? Research your market. HomeLight to the rescue!

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Closing costs Purchase and sale agreement Inspection Loans 104

Windemere Selling

SEPTEMBER 18, 2019

#2 Get pre-approved Before getting serious about your hunt for a new house, you’ll want to choose a lender and get pre-approved for a mortgage (not just pre-qualified—which is a cursory review of your finances—but pre-approved for a loan of a specific amount). Put it in writing.

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Pre-approval Principal Closing costs Inspection 52

Redfin

MAY 16, 2023

Maryland housing market insights Maryland’s housing market has been experiencing high demand over the last couple of years, with limited inventory contributing to increased home prices in some areas. Check out this article to learn more about the pros and cons of living in Maryland. And that’s not all.

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Pre-approval Debt-to-income ratio Loans Agents 54

First Team Real Estate

DECEMBER 7, 2020

Amidst a continuous pandemic, seller’s markets are still holding strong throughout the nation. With multiple-offer scenarios being the standard in hot markets today, understanding how to browse a pile of home offers and backup offers is what First Team agents do best for their clients by supplying the very best counsel possible.

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Purchase and sale agreement Pre-approval Title Backup offer 98

Louisville Homes

OCTOBER 26, 2021

In a seller’s market , many homes for sale wind up in bidding wars. Get a Pre-Approved. If you cannot afford a cash purchase, you need to get a mortgage pre-approval before house hunting. If you cannot afford a cash purchase, you need to get a mortgage pre-approval before house hunting. 10% to 20%?

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Pre-approval Earnest money deposit Finance Closing costs 52

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions.

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Purchase and sale agreement Inspection MLS Inspection contingency 101

Redfin

AUGUST 3, 2023

Georgia housing market insights The Georgia housing market has experienced some notable recent changes in demand and supply. Rising mortgage rates have played a significant role in deterring some buyers from entering the market. Check out this article to learn more about the pros and cons of living in Georgia. year-over-year.

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Purchase and sale agreement Pre-approval Debt-to-income ratio Loans 54

HomeLight

AUGUST 31, 2021

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. But, on the flip side, they may also come with headaches, repairs, and challenges that may end up costing more than you hope. Short sales can typically be found through the MLS database or your buyer’s agent.

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Redfin

AUGUST 21, 2020

You can go it alone, without representation, or you can have a real estate agent assist you through the homebuying process. First, you’ll need a lender’s pre-approval for a mortgage to know the price range you can afford on a house. Second, take some time to understand the local housing market.

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Windemere Buying

JANUARY 3, 2022

If you’re unhappy with your pre-approval, or need more money for your desired location, there are ways you can increase your buying power. Once you know which homes you can afford, you can work with your agent to find the right home and prepare an offer.

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Pre-approval Inspection Principal Closing costs 52

Redfin

JUNE 14, 2023

From market insights and the homebuying process, read on to make the jump to homeownership. North Carolina housing market insights The housing market in North Carolina is a vibrant and flourishing industry that presents potential buyers with numerous choices. If you need help figuring out where to start, Redfin has your back.

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Pre-approval Debt-to-income ratio Closing costs Title 56

HomeLight

JULY 31, 2020

While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. Loan approval.

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Closing Purchase and sale agreement Title search Earnest money deposit 112

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

The Close

APRIL 12, 2022

Sounds like a perfect way to increase audience engagement with your real estate marketing, right? 97 Infographics Designed for Buyers, Sellers & Real Estate Agents in 2022. We even have some humorous real estate infographics that only agents will appreciate. 5 Must-have Real Estate Buyer Agent Checklists (PDF Download).

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Branding Design Pre-approval Closing costs 98

HomeLight

JUNE 15, 2023

After finding their dream home and signing the purchase contract , most buyers feel on top of the world … until they see the Loan Estimate or preliminary closing statement (if buying in cash). Did the closing costs for the buyer in particular catch you by surprise? Step one: Talk to a few buyer's agents!

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Closing costs Closing Title Inspection 89

HomeLight

SEPTEMBER 15, 2022

Some sellers are lucky enough to accomplish those objectives by listing their homes on the regular retail market — but when time is of the essence, alternate methods may come into play. And do you still need a real estate agent if you decide to take your home to auction? One way to expedite the process is to sell a house via auction.

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