First Team Real Estate

AUGUST 8, 2021

The only way around re-listing is to accept backup offers, so during the planning phase of your home sale, talk to your listing agent about the pros and cons of backup offers. Approximately 25% of all escrows fall through because of inspection contingencies, lending hiccups, appraisal surprises, and more. What is a backup offer?

Backup offer 98

Backup offer Earnest money deposit Purchase and sale agreement Inspection contingency 98

RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. Doing so could mean the forfeiture of their earnest money deposit. Lenders aren’t going to provide money for a property that the buyer’s offer has overvalued. Appraisal Contingencies.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Redfin

AUGUST 29, 2024

There are programs on the federal, state, and local levels, so it’s best to research your options and speak to your real estate agent to learn more. Find a real estate agent Choosing the right real estate agent can be the key to finding the right home and getting the best deal. What’s an earnest money deposit?

Earnest money deposit 63

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

Redfin

JULY 16, 2024

Step 6: Find a real estate agent and begin house hunting Select an agent: Choose an experienced real estate agent who knows the local market and has good reviews. Interview multiple agents to find the right fit. Present the offer: Your agent submits the offer to the seller. Be prepared for negotiations.

Loans 69

Loans Pre-approval Earnest money deposit Mortgages 69

HomeLight

JULY 29, 2022

We talked to Brad Gore , a Branson, Missouri real estate agent with 18 years of experience, to give us the key info on appraisals. Home appraisals serve to help buyers avoid overpaying for a property and help the lender avoid lending a buyer more money than the home is worth. Real Estate Agent. What is a home appraisal?

Purchase and sale agreement 105

Purchase and sale agreement Earnest money deposit Inspection Loans 105

HomeLight

SEPTEMBER 1, 2022

To shed light on your options when the appraisal is lower than desired, we talked to a seasoned real estate agent and two certified appraisers with a combined 50 years of experience in the appraisal industry. Your lender will use the lower amount between the purchase price and the appraised value to determine how much money they will lend.

Purchase and sale agreement 107

Purchase and sale agreement Earnest money deposit Short sale Loans 107

HomeLight

JUNE 9, 2023

Believe it or not, there are actually home sellers who offer to loan buyers the money to purchase their property: it’s called owner financing. Connect with a top agent near you to get an expert opinion on how much your house will sell for, what to fix before listing, and the latest local housing market trends. Selling your house soon?

Finance 98

Finance Earnest money deposit Lending Loans 98

Realty Biz

JULY 1, 2023

During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process. The escrow agent acts as a neutral intermediary, holding funds and important documents until all conditions are fulfilled.

Purchase and sale agreement 77

Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

HomeLight

APRIL 30, 2021

1 buyer is obviously the cash buyer” explains top Long Beach , California agent Ramon Sanchez , who works with 77% more single-family homes than the average area agent. “So The two most common mortgage contingencies include: Financing contingency : The buyer’s finances need to check out to lend them the money.

Due diligence 105

Due diligence Finance Proof of funds Earnest money deposit 105

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 111

Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

MARCH 31, 2022

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — 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 110

Purchase and sale agreement Inspection Inspection contingency MLS 110

HomeLight

JUNE 30, 2022

When you buy a home, you might be expecting certain costs, such as the down payment and earnest money deposit — but there could also be hidden costs that first-time homebuyers especially may not anticipate. Real Estate Agent. Real Estate Agent at MARRO REAL ESTATE. Now, your home has a number of empty rooms!

Title 83

Title Loans Earnest money deposit Title search 83

Redfin

AUGUST 3, 2022

Find a real estate agent you trust. A real estate agent will be with you every step during the home buying process and will offer expert knowledge of the local housing market. Find a real estate agent who listens to you, understands your goals and needs for buying a house, and has the resources to help you succeed.

Purchase and sale agreement 76

Purchase and sale agreement Pre-approval Title Debt-to-income ratio 76

Redfin

MAY 5, 2023

This involves submitting a mortgage application to a lender, who will review your financial history, credit score, and other factors to determine how much they are willing to lend you for a home purchase. Connect with a local agent in Texas Working with a local Texan real estate agent is a must when buying a house in Texas.

Purchase and sale agreement 66

Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 66

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. If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk.

Purchase and sale agreement 81

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

JANUARY 12, 2022

The seller’s portion of closing day usually takes one to two hours , according to Sherry Wiggs , a top real estate agent in Westchester County, New York. Andrina Valdes , COO of Cornerstone Home Lending , estimates that a little over a fifth of closings are delayed because buyers experience holdups in getting their loan approved.

Closing 116

Closing Purchase and sale agreement Pre-approval Inspection 116

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.

Purchase and sale agreement 98

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