RIS Media

SEPTEMBER 21, 2020

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. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

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Pre-approval Pre-qualification Title search Inspection 90

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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Short sale Sales Pre-approval Pre-qualification 97

Realty Biz

DECEMBER 10, 2020

As such, this qualification process will only give you a rough idea of the size of mortgage you can get. Many real estate agents will want to know that you are preapproved before they will show you homes. This letter can then be shown to real estate agents to take you seriously and show you homes.

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Loans Mortgages Pre-approval Pre-qualification 144

HomeLight

FEBRUARY 12, 2021

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. Defective paint surfaces in homes constructed pre-1978. You can contribute up to 6% of your buyer’s closing costs.

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FHA loan Loans Pre-approval Pre-qualification 111

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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Pre-qualification Pre-approval Agents Loans 111

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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Pre-approval Pre-qualification FHA loan Inspection 105

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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Pre-qualification Pre-approval Investor Sales 110

HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-purchase agreements.

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Purchase and sale agreement Pre-qualification Debt-to-income ratio Inspection 98

Realty Biz

APRIL 8, 2024

This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. Contact an experienced Buyer’s Agent when you first think of buying a house. Online mortgage calculators can provide a rough estimate, but getting pre-approved by a lender will give you a more accurate figure.

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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). For example, pre-pandemic, an FHA loan could be secured with 3.5% down and a minimum credit score of 580.

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Debt-to-income ratio FHA loan Pre-qualification VA loan 93

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

OCTOBER 11, 2021

Here to help is top agent Tommy Williams , whose 16 years of experience selling homes in the Atlanta area have made him a firsthand expert on deeds of trust. This is also an ideal question for your lender during the loan pre-qualification process, as they’ll always have the most up-to-date information! What is a deed of trust?

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Title Pre-qualification Loans Pre-approval 111

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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Earnest money deposit Closing Sales Title 110

Rochester Real Estate

NOVEMBER 5, 2015

For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? Check with your agent to determine how the latest guidelines apply to your situation.

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Finance Mortgages VA loan Pre-approval 52

Redfin

JUNE 13, 2025

Step 3: Research second-time homebuyer programs and loans Step 4: Work with an experienced agent Step 5: Make a strong offer as a second-time homebuyer Step 6: Plan your transition Second-time homebuyer FAQs Is it harder to buy a house the second time? Communicate closely with your real estate agent to align timelines and contingencies.

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Debt-to-income ratio FHA loan Equity Loans 35

Lab Coat Agents

NOVEMBER 20, 2024

The property must generally be the seller’s primary residence, and the buyer must move into the property within 60 days of closing and live in the property as their primary residence for at least one year. The buyer must also meet qualifications for demonstrated creditworthiness.

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Purchase and sale agreement Mortgages Pre-approval VA loan 98

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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Loans VA loan FHA loan Purchase and sale agreement 105

Realty Biz

FEBRUARY 7, 2023

Some will have specific qualifications. 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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Redfin

AUGUST 29, 2024

However, there are a lot of things to learn about how to buy a house, like current mortgage rates, your credit score, home inspections, and closing costs. Additionally, it’s important to account for other upfront costs such as the down payment, closing costs, and potential home maintenance or repair expenses.

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Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

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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Equity Finance Loans Closing costs 105

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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Redfin

APRIL 7, 2023

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. Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best.

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Pre-approval Agents Pre-qualification Debt-to-income ratio 59

HomeLight

APRIL 30, 2022

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? Brandie Kittle , a real estate agent in Montana who sells 81% more single-family homes than the average agent in her area, recommends the Homesnap app because it functions as a virtual open house, broadcasting live.

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Closing MLS Pre-qualification Technology 105

HomeLight

AUGUST 16, 2021

But the best, most personalized and local way is to connect with a real estate agent in your area who has helped other buyers looking for this type of property. Go to your county’s office and ask for the pre-foreclosure list ,” he says. “So making sure your data sources are current is crucial to finding these properties.”.

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Banks Pre-qualification Investor Short sale 105

Redfin

FEBRUARY 17, 2021

As the buyer you’ll have to pay the appraisal cost, which usually is a fee added to your closing costs. However, your lender should inform you how much the appraisal will cost when you begin the pre-qualification process, so you’ll know just what to expect. How much does a home appraisal cost? .

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Pre-approval Pre-qualification Loans Mortgages 71

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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Mortgages Debt-to-income ratio Loans Closing costs 85

HomeLight

JANUARY 4, 2022

Fifty-eight percent of surveyed agents expect the recent rise in cash offers to persist beyond the temporary housing craze, as sellers now have greater expectations for convenience, speed, and certainty. HomeLight’s 2020 agent survey found that buyers who would traditionally use a mortgage are finding ways to pay cash however they can.

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Investor Finance Inspection Sales 98

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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New Construction Construction Inspection Pre-approval 105

Redfin

JULY 30, 2021

Should you hire a licensed real estate agent, sell your home without an agent , or work with an iBuyer? iBuyers offer quick and flexible closing dates since they purchase your home with an all-cash offer. Additionally, you don’t have to find a listing agent to sell your home. . Commission costs can vary from 4.5-7%

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Pre-qualification Equity Closing costs Sales 63

The Close

APRIL 3, 2025

of purchase price and 100% of renovation cost RCN Capital is a private lender that offers a variety of loan programs for real estate investors. Here are some of the most important considerations: Interest rates and fees : One loan may offer a lower interest rate, but charge more in origination fees and closing costs.

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Loans Hard money loan Finance Investor 45

BAM Media

AUGUST 7, 2024

3 Suggestions for Home Sellers and Buyers #1: Select a Competent, Trustworthy Agent Choosing an honest and competent real estate agent is critically important, particularly for buyers. Because not every agent out there is committed to being the agent of change consumers need in the new real estate era.

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Pre-qualification Pre-approval Agents Brokerage 52

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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MLS Agents Sales Proof of funds 97

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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Purchase and sale agreement MLS Pre-approval Agents 103

The Close

MAY 28, 2025

Besides that, it offers multiple incentives for using its platform, like 1% off your interest rate for a year, a $1,000 bonus at closing, and even up to $9,500 when you find a real estate agent through Pennymac.

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VA loan FHA loan Mortgages Pre-approval 52

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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Closing costs Purchase and sale agreement Inspection Loans 105

HomeLight

JULY 20, 2022

I think it’s safe to say that the goal of every real estate agent is to attract more clients and increase your bottom line. The next year, she closed $23.5 Her first two pre-COVID in-person seminars, which she held at a restaurant, were a success. What are closing costs? What is the absorption rate?

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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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