The Close

FEBRUARY 14, 2024

Then, when the price drop happens, you have to justify the price cut to other agents. The truth is a big piece of a real estate agent’s job is to price a listing accurately. You’ll most likely get three different numbers if you have three different real estate agents conducting a CMA. The thing is, it can be tricky.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. 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.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

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.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Title search Pre-approval 76

Realty Biz

MARCH 9, 2021

The main requirement is that the child must be able to document some type of disability and show that this disability prevents them from earning enough money to afford a home on their own. Getting Pre-Approved for the Family Opportunity Loan. Should you hire a real estate agent? What is an earnest money deposit?

Pre-approval 144

Pre-approval Earnest money deposit Debt-to-income ratio Loans 144

Windemere Buying

OCTOBER 4, 2021

Once the buyer has shown they have enough cash to make the purchase, they will put down an earnest money deposit. Whereas financed offers are tied to an approval process with a lender, all-cash offers are not because the buyer has already proven they have the amount required to purchase the property on-hand.

Earnest money deposit 52

Earnest money deposit Pre-approval Closing costs Closing 52

HomeLight

JUNE 28, 2021

Your real estate agent has been forwarding you offers on your home all day. For advice on how to navigate this potentially tricky offer situation, we spoke with Scottsdale real estate pro Lisa Roberts , who was recognized by the Scottsdale Association of Realtors® as a Top 40 Under 40 agent. You’re thrilled but also confused.

Earnest money deposit 70

Earnest money deposit Purchase and sale agreement Pre-approval Pre-qualification 70

CT Homes

AUGUST 31, 2020

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing.

Earnest money deposit 52

Earnest money deposit Pre-qualification Pre-approval Inspection 52

CT Homes

AUGUST 31, 2020

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing.

Earnest money deposit 52

Earnest money deposit Pre-qualification Pre-approval Inspection 52

The Close

SEPTEMBER 10, 2020

Listing agents are flying high with attention on their listings. But, of course, buyer’s agents are always frustrated with the amount of work they are putting in, only to get shot down and have to repeat the process over and over again. CALL the Listing Agent. Make Sure You Have a Proper Approval Letter From a Reputable Lender.

Home sale contingency 115

Home sale contingency Pre-approval Earnest money deposit Marketing 115

Louisville Homes

OCTOBER 26, 2021

Get a Pre-Approved. If you cannot afford a cash purchase, you need to get a mortgage pre-approval before house hunting. If you want to win a bidding war, good luck if you’re not pre-approved. However, when you have been pre-approved you can act fast and lockdown on the house. 10% to 20%?

Pre-approval 52

Pre-approval Earnest money deposit Finance Closing costs 52

Realty Biz

NOVEMBER 11, 2020

How your real estate agent markets your property when an offer has been accepted can have vital implications. For example, some agents will mark your home contingent, while others will mark pending. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close.

Backup offer 111

Backup offer Sales Home sale contingency Earnest money deposit 111

CT Homes

SEPTEMBER 29, 2020

Your first offer may not be your best, but it should be pretty close. Regardless of price sellers want to be assured that your offer will actually close. If you are using lender financing, the more money down the more likely your loan will be accepted. Closing Terms. Reduce/Waive Contingencies.

Earnest money deposit 103

Earnest money deposit Pre-approval Inspection Finance 103

Redfin

MAY 5, 2023

Get pre-approved from a lender One of the most important steps you can do for yourself is to get pre-approved for a mortgage loan. By obtaining pre-approval, you can get a clear idea of your budget for home shopping and make more informed decisions about which properties to consider.

Purchase and sale agreement 65

Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 65

HomeLight

JANUARY 3, 2023

Sellers who may have been wondering about how to sell a house by owner in Colorado during the hot seller’s market of 2021-2022 may now face stronger headwinds and more discerning buyers, according to top real estate agents surveyed by HomeLight. Real estate attorneys are not considered essential for closing in Colorado.

Purchase and sale agreement 99

Purchase and sale agreement Inspection MLS Inspection contingency 99

HomeLight

MARCH 31, 2022

With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent.

Purchase and sale agreement 91

Purchase and sale agreement Inspection Title MLS 91

CT Homes

SEPTEMBER 29, 2020

Your first offer may not be your best, but it should be pretty close. Regardless of price sellers want to be assured that your offer will actually close. If you are using lender financing, the more money down the more likely your loan will be accepted. Closing Terms. Reduce/Waive Contingencies.

Earnest money deposit 52

Earnest money deposit Pre-approval Inspection Finance 52

CT Homes

SEPTEMBER 29, 2020

Your first offer may not be your best, but it should be pretty close. Regardless of price sellers want to be assured that your offer will actually close. If you are using lender financing, the more money down the more likely your loan will be accepted. Closing Terms. Reduce/Waive Contingencies.

Earnest money deposit 52

Earnest money deposit Pre-approval Inspection Finance 52

Redfin

JUNE 21, 2023

You should identify a knowledgeable real estate agent who understands the local market and can help you identify promising investment opportunities. Consulting with local experts and real estate agents can help identify up-and-coming areas that can play a pivotal role in creating high ROI opportunities.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

JUNE 23, 2022

If a seller terminates the contract outside of these contingencies , they typically must forfeit the buyer’s earnest money and — depending on the circumstances — may even be required to pay additional money damages and face other possible repercussions for breach of contract. Well, then they lose the earnest money.

Earnest money deposit 107

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 107

HomeLight

MARCH 6, 2023

The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. 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.

Closing 88

Closing Earnest money deposit Sales Title 88

HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team.

Closing 93

Closing Earnest money deposit Sales Inspection 93

HomeLight

JUNE 29, 2022

Whether it’s dealing with price negotiations or determining a timeline for closing and moving out of the property, you’ll want to step into the process already knowing your objectives and what to expect from prospective buyers. Real Estate Agent. Real Estate Agent at Berkshire Hathaway HomeServices Realty Professionals.

Earnest money deposit 95

Earnest money deposit Purchase and sale agreement Closing costs Closing 95

Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. Get final mortgage approval. Review your closing disclosure.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

SEPTEMBER 30, 2020

Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. HUD will also take care of some of the closing costs, up to 3% of the home’s purchase price. First, find a real estate agent. The home is then sold at a discount by HUD. Pretty big perks!

Earnest money deposit 79

Earnest money deposit FHA loan Pre-approval Finance 79

HomeLight

OCTOBER 29, 2020

Choosing a qualified agent and searching for the perfect home in terms of ideal size, location, price, and condition can already feel like a journey, but making an offer on a property is when the challenge really begins. We’ll explore what buyers can do to help strengthen a contingent offer and secure a spot at the closing table.

Purchase and sale agreement 79

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

MARCH 16, 2023

Receive your offer within a week and close in as little as 10 days. We get a massive amount of investors coming to us looking for us to help them with investment properties, and a lot of them are cash,” says James Krueger , a top-performing real estate agent who sells properties 42% faster than the average Houston agent.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66

Redfin

AUGUST 3, 2022

“Opening any new lines of credit, including getting a new car, opening a credit card — even the ones that stores like William Sonoma or Macy’s try to get you to open to get discounts — can potentially delay the closing process.”. Find a real estate agent you trust. Research mortgage options and get pre-approved for a home loan.

Pre-approval 75

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 75

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. After all, great communication leads to closed deals. Clients may want to know the difference between an agent and a broker.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98