RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender.

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HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

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HomeLight

SEPTEMBER 15, 2022

And do you still need a real estate agent if you decide to take your home to auction? Eyal Pasternak, owner of Liberty House Buying Group in Miami, Florida, says the main reason homeowners sell their properties at auctions is that they can get deals done quicker rather than relying on a real estate agent. What are the steps involved?

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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? Estimate your down payment and closing costs.

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HomeLight

OCTOBER 11, 2021

When it comes to buying and owning a home, whether in real life or as experienced in books, movies, or on TV, we often hear about the process in the context of a mortgage — getting approved for one, having to make those mortgage payments, and so on. Are there extra costs associated with a deed of trust? What is a deed of trust?

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HomeLight

AUGUST 31, 2020

VA loans also offer even more benefits, like better interest rates and less strident qualifications — but as the name indicates, they are only available to current military members or veterans (or their spouses). You may have a preapproval, but a preapproval does not guarantee formal loan approval.

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Redfin

FEBRUARY 17, 2021

So whether you’re a seasoned homebuyer or a first-time homebuyer , you’ll need to plan for a home appraisal before you can get final approval for your mortgage. . You may be wondering just what is a home appraisal and how much does a home appraisal cost? How much does a home appraisal cost? . 4) Online appraisals: .

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HomeLight

AUGUST 16, 2021

Sometimes you’ll even find grants to help you with closing costs and down payments. Our America’s Home Grant program offers credits for closing costs, and Our Down Payment Grant covers down payments. Your real estate agent is another great resource for help!). Sound great? Sure it does!

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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. Dodge move.

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HomeLight

AUGUST 31, 2022

With the record amount of equity built up in homes over the last couple of years,” says top-performing agent Joseph Lawson of the Cabell Childress Group in Richmond, Virginia, “a lot of people are exploring ways to tap into this access to capital.”. What qualifications do I have to meet to access my home’s equity?

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HomeLight

AUGUST 31, 2021

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. Jason Bragg , a top-selling agent in North Carolina’s Winston-Salem area, reports that cash offers are especially common in 2021 among buyers who are downsizing.

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HomeLight

MAY 31, 2021

With help from professional real estate agents, we’ve put together a comprehensive list that addresses some of the most pertinent questions a buyer should ask their lender. These are things you just might not know as a buyer — but your agent and loan officer can give you guidance! What type of home loans do you offer?

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Realtor.com

NOVEMBER 11, 2022

monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Step 2: Qualify for a home loan or loan pre-approval.

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HomeLight

OCTOBER 9, 2023

For this post, we interviewed some of the top-performing real estate agents in the country to gather expert home buying tips. A Top Agent Can Help You Find A House You Can Afford We analyze millions of home sales to find buyer’s agents who will show you the right home at the right price.

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HomeLight

OCTOBER 5, 2020

According to Melanie Hunt , a top-selling real estate agent in Fort Worth, Texas , who has sold 74% more single-family homes than the average area agent, “Getting a preapproval is one of the most important things a buyer can do to improve their odds of securing a short sale.” And it’s even better if you can get pre-underwritten.

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Realty Biz

DECEMBER 10, 2020

It is effortless to start looking at homes that you will later find you can’t afford when you try to get approved for a mortgage. As such, this qualification process will only give you a rough idea of the size of mortgage you can get. Comparing a Mortgage Preapproval to Full Approval. The Mortgage Pre-approval Process.

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HomeLight

MARCH 17, 2021

Be ready to pay closing costs, which could be up to 5% of the price of the house. Those funds are due on closing day. “If you want to buy a house, you need to have money saved up,” says April Mason , an agent in Corpus Christi , Texas, who has completed 24% more sales than the average agent in her market.

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HomeLight

MARCH 6, 2023

With the help of top Bay Area agent Carl Medford , who has 22 years of experience and specializes in helping first-time homebuyers, we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Bay Area. down payment and/or closing cost assistance. Loans are between 3%-3.5%

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HomeLight

JUNE 27, 2022

You’re choosing from pre-set finishes and you may get to choose paint colors, types of flooring , fixture finishes, and appliance packages. These allow you to choose a few paint colors and add-ons, but you will mostly get pre-built features that the builder has already decided on.

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HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

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HomeLight

JULY 18, 2022

They don’t know what questions to ask, and they don’t have an agent to get answers. If you’re already a listener, come join us to mastermind with other listeners, connect with the guests that you hear on the show, learn from other agents and share your knowledge, get exclusive content, influence future episodes, and more.

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HomeLight

DECEMBER 6, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. If you don’t have the time or the expertise to list your home FSBO, working with a top agent in New Jersey could be your best bet. Get Started.

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HomeLight

APRIL 26, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. If you don’t have the time or expertise to list your home FSBO, partner with a trusted, top agent in your Alabama market. Unsure About Selling FSBO in Alabama?

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The Close

DECEMBER 29, 2022

Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients. It might feel stressful, but handling contingencies well is actually a time when you, as the agent, can really shine.

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