The Close

APRIL 28, 2022

Luckily, beating a cash offer on a house is not as hard as many agents think. Born from the needs of mortgage buyers to compete with cash buyers, cash lenders will buy a home with cash then allow the buyer to refinance or purchase the property after closing. Send the Listing Agent an Introductory Video. Here’s how it works.

Rent back 105

Rent back Closing costs Finance Agents 105

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

HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

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Rent back Purchase and sale agreement Closing Renovation 97

RIS Media

APRIL 18, 2022

Allowing the seller to rent back for a specified amount of time. Speak to your real estate agent about what to expect. You can expect the seller’s listing agent to require it as well. Your agent can help you get pre-approved for a mortgage in the current market. The requested closing date.

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Pre-approval Backup offer Due diligence Rent back 112

HomeLight

APRIL 29, 2021

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. For expert insight, we spoke with Kurt Thompson , a top real estate agent and former president of the Massachusetts Association of Realtors®. Closing can take more than a month. Landscaping: 100 %. Garage door: 94%.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

Windemere Selling

JUNE 14, 2021

Talk to your agent about real estate trends in your local market to understand which housing options tend to be available at certain times of year. By working closely with your agent , you can negotiate a longer closing period or a rent-back agreement with the new owners. Seasonality plays a role as well.

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Rent back Staging Closing Agents 52

RIS Media

JULY 8, 2021

Coach Your Agents to Greater Success When Representing Buyers Through Preparedness and Hustle. When navigating highly complex, multiple-offer negotiations in the current real estate market, it’s important for agents representing buyers to be prepared, proactive, and provide the best chance to win a bid for their dream home.

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Marketing MLS Agents Rent back 102

Hank Miller Team

FEBRUARY 27, 2022

Closing date? A rent back? The Agent Situation As always, the benefit of working with seasoned, experienced professionals cannot be overstated. Experienced agents know what questions to ask and many listing agents prefer working with seasoned agents, that can be an advantage. Is it price?

Due diligence 52

Due diligence Rent back Inspection Agents 52

First Team Real Estate

MAY 25, 2021

You are likely to pay little to no closing costs, no repairs, and cash out big. If you’re working with an experienced FirstTeam agent, they will be able to help you find a home sales strategy that works for you and your unique goals, timeline, and needs. Advice for Buyers.

Rent back 98

Rent back Closing costs Sales Mortgages 98

Windemere Selling

SEPTEMBER 1, 2021

Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in.

Purchase and sale agreement 52

Purchase and sale agreement Rent back Loans Agents 52

HomeLight

MARCH 31, 2022

To succeed in getting a seller to consider your offer, you need to work in advance with your real estate agent to assess the best bargaining tools to entice the seller to move your offer to the top of the list. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. Sell and rent.

Home sale contingency 80

Home sale contingency Sales Purchase and sale agreement Inspection contingency 80

Realty Biz

JULY 7, 2021

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. 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.

Inspection contingency 94

Inspection contingency Marketing Inspection Rent back 94

HomeLight

APRIL 27, 2022

And according to a recent survey, 83% of real estate agents expect these trends to continue into 2022, though a more balanced market may start to emerge in the second half of the year as interest rates rise. Work with a top agent to develop a strong pricing strategy. We might need some flexibility on closing time. Find Agent.

Renovation 98

Renovation Agents Sales Rent back 98

Realtor.com

JANUARY 6, 2021

Jennifer Lenz , a real estate agent at Dolly Lenz Real Estate in New York City, has been privy to many high-profile splits and shares that divorce settlement details typically hinge on the prenups and other contractual obligations that were in place before the marriage. Hidden Hills estate: Kardashian West. . Wyoming ranch: West.

Land 105

Land Rent back Design Renovation 105

Redfin

MAY 7, 2021

I always advise potential sellers to look at the homes on the market, and if they don’t see anything they like, I recommend that they wait to list until they do,” said Portland, OR Redfin real estate agent Rebecca Walter. You can typically close within 10 to 60 days after accepting the iBuyer’s offer. 6) Don’t buy… for now.

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Purchase and sale agreement Marketing Equity Loans 79

HomeLight

AUGUST 31, 2021

From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. If sellers get paid at closing either way, why is cash better?

Due diligence 76

Due diligence Inspection Pre-approval Pre-qualification 76

Redfin

JULY 28, 2020

of successful offers submitted by Redfin agents in select major U.S. Waiving these contingencies is a common strategy homebuyers use to make their offers more competitive by assuring the seller that the deal will close without unforeseen hiccups and negotiations. In June, 19.9% during the same month in 2019. up from 17.4%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. ” Opendoor will let you stay in your house up to 17 days after you close through their Late Checkout program.

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Seller concession Inspection Rent back Closing 92

HomeLight

SEPTEMBER 30, 2020

On the flip side, the U&O can allow the seller to remain in the home for a certain amount of time after closing (also known as a “rent-back” agreement). Marc Lagrois , a top Michigan real estate agent, says occupancy after closing is a very common occurrence. The buyer needs to move in prior to closing.

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Purchase and sale agreement Closing Rent back Investor 54

Redfin

JULY 30, 2020

Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as reasons more buyers are bidding on homes before visiting them. They just saw their home in person for the first time, 48 hours before their July 15 closing. Yaaran said. They must have thought I was mad, but we won!

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 73

Marco Santarelli

MAY 4, 2023

Your real estate agent can advise you on whether you need to waive contingencies and kick in a high down payment to have your offer accepted. By offering a flexible closing timeline and allowing the sellers to rent back the home or vacate the property at their pace, you may have a better chance of winning the bid.

Sales 52

Sales Pre-approval Investor Renovation 52

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. Closing costs can range from 2.5% A top agent will help you remain competitive even in a cash market. million in condos.

Earnest money deposit 62

Earnest money deposit Due diligence Inspection Agents 62

Redfin

FEBRUARY 2, 2021

2) Get a Great Real Estate Agent. Having a great real estate agent by your side throughout this process can help make everything go more smoothly and aid you in making an offer quickly when the time comes. During the negotiation process, you may have a better chance of closing the deal if you are willing to make compromises.

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 65

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. Source: (yi sk / Unsplash).

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Marketing Sales Agents Construction 109

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.

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Closing Earnest money deposit Sales Inspection 92

HomeLight

FEBRUARY 4, 2022

And if you’ve recently overheard a work colleague gloating about how they easily bought a house without a real estate agent, one of those questions might be whether you actually need to hire an agent at all. Yes, you can buy a house without the aid of a real estate agent. An agent is your advocate. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 93

HomeLight

FEBRUARY 25, 2022

If you’ve been looking for “discount agents” or “low commission real estate agents,” Ideal Agent has probably popped up in a search. The company says that their agents will accept a lower commission and still do a great job. What is Ideal Agent? What is Ideal Agent? Full-time agents, not hobbyists.

Agents 85

Agents Pre-approval Loans Sales 85

HomeLight

MARCH 22, 2021

You need to write offers that tell the listing agent your offer has the best terms, lowest risk, and is most likely to cross the proverbial finish line. You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center. The best price doesn’t always win a bidding war.

Agents 72

Agents Inspection Inspection contingency Pre-approval 72

HomeLight

JUNE 30, 2021

When you closed on your first home, you probably weren’t thinking that one day you’d want to sell. Getting the timing right — selling your old house, closing on a new house, and then moving into your new house — can be a challenge. But after a few years, it’s easy to outgrow your space.

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

HomeLight

OCTOBER 12, 2020

You need to write offers that tell the seller and listing agent three things: your offer has the best terms. Sarita Dua is a top agent in Portland, Oregon who’s been winning bidding wars all year long — including seven straight in a single weekend. HomeLight’s Agent Resource Center. Links and Show Notes.

Agents 98

Agents Inspection Inspection contingency Pre-approval 98

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. If something is wrong, you can request that it be fixed—or you can back out of the sale.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

JULY 29, 2022

We’ll explain the market’s impact on this decision to sell or buy first, and provide advice from real estate experts such as Joel Barber , a top agent who works with 83% more single-family homes than the average Myrtle Beach, South Carolina, agent, to help you make the right choice. Transition via rent back.

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Debt-to-income ratio Loans Rent back Equity 109

HomeLight

JANUARY 7, 2022

We’ve talked to veteran real estate agents to build an end-to-end guide on how to buy a house while selling your own. Real Estate Agent. Real Estate Agent at RE/MAX Results. Before you make any decisions, a real estate agent can give you a sense of what your house could list for right now and how fast it’s likely to sell.

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Equity Loans Debt-to-income ratio Closing 104

HomeLight

NOVEMBER 30, 2023

While your home shopping journey technically started with getting preapproved for a mortgage and looking at houses, it often doesn’t feel official until your agent submits an offer. Find a Buyer's Agent To Navigate the Homebuying Process Working with a trusted real estate agent can help you ensure you are submitting your best offer.

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Rent back Agents Renovation Mortgages 79

HomeLight

FEBRUARY 28, 2022

That’s why we’ve spoken to top real estate agents and other professionals to create a guide that covers common challenges you could face and some alternate routes that might work better for you if you decide to sell and buy a house at the same time. Find Agent. Real Estate Agent. Real Estate Agent at GK Properties.

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Equity Debt-to-income ratio Closing Loans 119

HomeLight

NOVEMBER 10, 2021

Agent John Leinaar works in Kalamazoo , Michigan, an area where many pharmaceutical companies operate. He’s helped several families relocating from other states purchase homes remotely, and he works with 66% more single-family homes than other agents in his area. It will help your agent bring you the right houses, too.

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Inspection Title Pre-approval Agents 86

First Team Real Estate

MAY 21, 2021

In order to get your home offer accepted in today’s tight seller’s market, you’ve got to be quick, smart, and totally in sync with your real estate agent. According to recent data from NAR , home sales are receiving an average of 4 offers, and our FirstTeam agents regularly see bidding wars that capture upwards of 20 offers!

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Purchase and sale agreement Rent back Marketing Agents 98