Redfin

MARCH 4, 2025

That means there’s no home inspection or appraisal. Youll need to coordinate with your real estate agent in order to tour these properties. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. Thats why a thorough home inspection is crucial.

Pre-approval

HomeLight

MAY 14, 2025

But I think the real goal behind it, is that it’s generally a time-saving mechanism for the seller because, as you know, selling a home is a full-time job, says Mikail Stein , a top-selling Vermont real estate agent with over a decade of experience. Your agent should also be willing to go the extra mile on marketing.

As-is

HomeLight

JULY 29, 2025

“As-is sales are most often seen in inherited homes, rental properties, or situations involving relocation or foreclosure,” says Jason Huerkamp , a top-performing Minneapolis agent who sells homes 75% faster than the average agent in his market. An agent also helps to set an appropriate price that reflects the home’s condition.

As-is

HomeLight

MAY 15, 2025

Younger people want to get out of apartments and into a house dramatically, they want to get into a house, says Patsy Whitney , an expert real estate agent with 40 years of experience. Whitney is known for completing transactions 42% faster than the average agent in their market. The major disclosure required is regarding agency.

As-is

HomeLight

JULY 23, 2025

“The most common reason is that the home needs repairs or updating that the seller doesn’t want to do,” says Peter Derry , a leading South Carolina agent who works with over 67% more single-family homes than the average local agent. A pre-listing inspection is very beneficial because all the issues are known.

As-is

Redfin

JULY 31, 2025

Lean on trusted experts: A great real estate agent, lender, and the right loan choice are key. Skipping the home inspection or even small oversights can delay the closing date or have long-term consequences. These require a higher credit score and must fall within conforming loan limits. FHA Loan: Require only 3.5%

VA loan

Redfin

JUNE 27, 2025

Sellers might agree to concessions to: Help a buyer afford the home Attract more offers in a slow market Offset issues found during the home inspection Speed up the closing timeline In a buyer’s market or when a home has been sitting for a while, concessions can make the difference between closing a deal and continuing to wait.

Seller concession

Redfin

JULY 31, 2025

Loan types for first-time homebuyers include: Conventional Loan: Offers flexible down payment options as low as 3% with private mortgage insurance (PMI). These require a higher credit score and must fall within conforming loan limits. FHA Loan: Designed for buyers with lower credit scores. These require just 3.5%

Purchase and sale agreement

Redfin

JANUARY 28, 2025

FHA loans These loans are popular for their flexible credit requirements and low down payment options, which make homeownership more accessible. FHA loans are assumable , but the buyer must meet the lenders approval criteria, including a sufficient credit score and stable income.

Loans

HomeLight

MARCH 7, 2025

There’s the “as-is” where the seller knows they have a very marketable piece of property, and they just want a clean contract all the way through closing, says Ryan Hvizda , a top-selling real estate agent in New Hampshire and an expert in the single-family homes market. Its important to find the right match.

As-is

HomeLight

APRIL 2, 2025

The common reason for selling a home as is for a seller is that typically the area is desirable, and they’re looking to potentially relocate, at least with our buyers, says Rich Wu , a top-selling real estate agent in Kihei, Hawaii, and member of the Josh Jerman team. Your agent should also be willing to go the extra mile on marketing.

As-is

HomeLight

MARCH 7, 2025

Homes sold as-is are generally for people who do not have the means or ability to make repairs for a buyer, says Andrew Jacobs , a top New Jersey agent with 36 years of experience. A trusted real estate agent can assist with this process. Your agent should also be willing to go the extra mile on marketing.

As-is

Redfin

MARCH 4, 2025

Once the buyer and seller have each signed the contract, the buyer’s real estate agent contacts the lender, who then books a certified home appraiser to evaluate the property. Home appraisal vs home inspection Home inspections are a much more in-depth evaluation of the homes condition. Who requests a home appraisal?

FHA loan

Redfin

JULY 30, 2025

Speak with a real estate agent to help determine if you’re in a good position to begin the homebuying process. >>See: It covers a variety of fees like lender and title fees, property taxes, home inspection, and homeowners insurance, to name a few. >>See: Is Now a Good Time to Buy a House?

Pre-approval

HomeLight

MAY 8, 2025

Lamontagne is a top Portland, Maine, real estate agent with over 15 years of experience. There are many disclosures that are legally required, whether the house is sold using a real estate agent or not, he adds. They feel they don’t have to disclose anything if they don’t use a real estate agent, which is legally true.

As-is

Redfin

AUGUST 5, 2025

A real estate agent or real estate attorney can help oversee the real estate transaction. A borrower using Freddie Mac, Fannie Mae or an FHA loan must use the home as their primary residence or second home. Get an inspection It’s important to get a home inspection even though you’re buying your parents’ house.

Purchase and sale agreement

HomeLight

MARCH 12, 2025

Alex Adabashi , a top Nevada real estate agent with over 15 years of experience, says that the homes most commonly sold as-is are several decades old, by homeowners financially unable to bring these homes up to speed for a market sale. Adabashi says a pre-listing inspection is an absolute yes when selling your home as-is.

As-is

HomeLight

MARCH 3, 2025

A seller [that] just doesn’t want to make repairs and wants to sell the house as-is, says Connor Dowd , a top-performing Rhode Island agent with 26 years of experience. Youre looking for an agent who doesnt shy away from listings that need a little TLC and maybe has a strong network of investor connections.

As-is

HomeLight

MARCH 14, 2025

According to Sheila Smith , an expert Idaho-based agent with over 15 years of experience, homes are most commonly sold as is when the cost of repairs outweighs the homeowners means. Youre looking for an agent who doesnt shy away from listings that need a little TLC and maybe has a strong network of investor connections.

As-is

Redfin

JULY 30, 2025

Here are some key factors that determine whether you’re ready to take on a mortgage: Credit score : Most conventional loans require a credit score of at least 620, while FHA loans may accept scores as low as 580. These include: FHA loans : Great for first-time buyers with lower credit scores. down and a 580 score.

FHA loan

HomeLight

MARCH 21, 2025

It could be someone who doesn’t have the cash to make the needed repairs, says Amber Carlton, a top real estate agent in North Dakota. Steps to list as is with the help of a real estate agent Find an agent willing to list the home as is Your choice of real estate agent always matters, but even more so when selling a property as is.

As-is

HomeLight

MARCH 19, 2025

Glen Henderson , a San Diego-based HomeLight Elite Agent with 22 years of experience, says there are several reasons homeowners opt to sell their homes as-is,” as sellers usually want the time and convenience that kind of transaction affords. Your agent should also be willing to go the extra mile on marketing.

As-is

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. of the U.S. mortgage market in 2023, up from 14.3% in 2022, according to HUD. ”

FHA loan

Housing Wire

JANUARY 13, 2021

A week ago, it said it will offer 61 basis points on conventional loans through March 8. It’s also offering ultra-low rate mortgages on FHA loans. Are borrower-assisted inspections here to stay?

FHA loan

Housing Wire

JULY 10, 2024

While Northwest Ohio ’s housing market has remained fairly strong in recent months, local real estate agents say things become a bit more complicated when you segment the market by price point. Agents attribute the varying market conditions to the current interest rate environment. and are spending a median of 56 days on the market.

FHA loan

Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. Here’s one data point for you.

Investor

Housing Wire

JULY 22, 2024

Brooklee Han: Right now in the real estate industry, we are seeing a tremendous amount of adoption of artificial intelligence at a time when we are also seeing many parties questioning the value of a real estate agent. Back then, we never thought about the property inspection. Now, agents are responsible for so much.

Industrial

Housing Wire

MARCH 11, 2022

“Most of our loan originators have built referral partnerships over decades in some cases,” Hultquist says of Fairway’s LO corps. And so, they know the local real estate agents. Real estate agents hate dealing with call centers,” he says. So real estate agents automatically get nervous [about a HECM being] an FHA loan.

FHA loan

HomeLight

JUNE 16, 2023

If you’re selling to a buyer backed by an FHA loan , your home must clear an FHA appraisal for the loan to close. The FHA appraisal determines a property’s market value and ensures that the property meets the U.S. By contrast, most conventional loans require a credit score of 620 or above.

FHA loan

HomeLight

OCTOBER 11, 2021

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

FHA loan

HomeLight

MARCH 31, 2021

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Pre-listing home inspections are just like standard inspections.

Inspection

HomeLight

SEPTEMBER 30, 2020

In general, acquiring a loan for a short sale home is no different than getting a loan for a standard transaction. You can even get an FHA loan for a short sale , but be aware they have guidelines around this type of sale. For an FHA loan, there are minimum property standards. Closing costs.

Short sale

RIS Media

OCTOBER 29, 2020

The Federal Housing Administration (FHA) backs the FHA loans program. FHA mortgage programs are one of the most popular among first-time homebuyers. There are numerous benefits to FHA loans. If you are a veteran or currently serving, the VA loans program offers great terms. Home Inspections.

Pre-approval

Realty Biz

MARCH 12, 2023

Preparing For an FHA Inspection Before your FHA loan can be approved, your buying home must be inspected and appraised. The FHA wants to ensure the home is worth the money you are willing to pay. The inspection will check the roof is in a good enough condition, the water is drinkable, and many other things.

FHA loan

Realty Biz

FEBRUARY 28, 2023

HUD also ensures that HUD home buyers adhere to inspection and other qualification requirements, making HUD properties a safer investment for buyers. Thanks to HUD’s FHA loan policies, homeownership is more accessible to many Americans because lenders are given less financial risk when offering loans to buyers.

FHA loan

Lab Coat Agents

FEBRUARY 7, 2023

How To Choose The Right Realtor There are a few things you should keep in mind when choosing a real estate agent. First, you want to ensure that the agent is experienced and knowledgeable about the area in which you are looking to buy or sell. Second, you want to make sure that the agent is someone you feel comfortable working with.

FHA loan

HomeLight

SEPTEMBER 1, 2022

With the help of top agent David Landau , who works with 68% more single-family homes than the average agent in Newtown, Connecticut , we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Constitution State. Find a local Connecticut agent. Steps to buying a home in Connecticut.

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