Remove Agents Remove Earnest money deposit Remove Pre-approval Remove Pre-qualification
article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Financing Issues.

article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Financing Issues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Financing Issues.

article thumbnail

Handle Escalation Clauses With Care: 5 Tips for Sellers Negotiating Multiple Offers

HomeLight

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.

article thumbnail

17 Home Closing Delays and How You Can Avoid Them

HomeLight

In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. Loan approval. Image Source: (Shutterstock.com/Chokniti Khongchum). How it can delay closing.

Closing 110
article thumbnail

How to Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

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. Looking to Buy Your Dream Home in the Bay Area? Loans are between 3%-3.5%

Closing 87
article thumbnail

How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

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?

Closing 92