Redfin

JULY 9, 2025

Between setting a budget, getting pre-approved, and closing the deal, getting everything squared away can make all the difference. Get pre-approved for a mortgage Estimated time: 1-2 weeks A mortgage pre-approva l is a lender’s assessment of how much they’re willing to lend you based on your income, assets, debts, and credit history.

Pre-approval

Redfin

MARCH 4, 2025

If the auction accepts financing, make sure you have a pre-approval ready. Youll need to coordinate with your real estate agent in order to tour these properties. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure. The homeowners lender must agree to the short sale and approve your offer.

Pre-approval

Redfin

JUNE 23, 2025

Buyers review these documents learn about any pre-existing conditions or problems. Homeowners insurance Homeowners aren’t legally required to have insurance, but most lenders require it before approving your loan. Some states have standard timeframes, so your agent can help you set the right terms.

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

Hiring a Real Estate Agent When buying a property, the right buyer’s agent will save you time and, perhaps more importantly, money. Before you hire a real estate agent, meet with them to discuss your requirements before you choose. You don’t want to be denied the loan after being approved.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Skipping A Full Professional Home Inspection Due to the current state of many real estate markets, many homebuyers are electing to waive their home inspection. Buyers are finding that by including a home inspection contingency, that they’re losing out on home after home.

Inspection

Keeping Current Matters

NOVEMBER 30, 2020

Listen to Your Real Estate Agent. The best way to know this is to reach out to your lender to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Bottom Line.

Inspection contingency

Keeping Current Matters

MARCH 15, 2021

The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Don’t make an offer that will be tossed out as soon as it’s received. Bottom Line.

Inspection contingency

Keeping Current Matters

SEPTEMBER 15, 2021

The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it : “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer. ”. Agents are experts in the local real estate market.

Inspection contingency

Keeping Current Matters

JUNE 21, 2021

That’s why you should connect with a lender to get pre-approved for a loan early in the homebuying process. A skilled agent will do everything they can to help you stay on top of every possible opportunity. Use an agent as your trusted advisor to make a strong, but fair offer based on market value, recent sales, and demand.

Inspection contingency

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Clear the title.

Closing

HomeLight

JUNE 9, 2023

So in this context, “contingent” is a bit like saying, “Hold on, we’re working things out!” ” Step one: Talk to a few buyer's agents! Get Started Are contingencies common in real estate? It’s also true that most real estate contracts, even those with contingencies, end up closing.

Home sale contingency

Point2Homes

DECEMBER 7, 2020

The real estate agent you choose to work with is even more important when buying a foreclosure. Specifically, a real estate agent who is experienced in helping buy foreclosures and who has a good knowledge of the local area will know when a home is a bargain. Getting Pre-Approved. Getting the Right Help.

Debt-to-income ratio

HomeLight

JANUARY 3, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. Kaczor , a top-selling agent from Illinois with 30 years of experience. “It

Purchase and sale agreement

Windemere Buying

APRIL 12, 2023

Real Estate Agent You’ll be represented by a buyer’s agent throughout the home buying process. When searching for a real estate agent, ask questions to gain an understanding of their professional expertise as well as their personality. Home Inspector The home inspection is key to the home buying process.

Pre-approval

Point2Homes

SEPTEMBER 30, 2021

If you haven’t already, try hiring a real estate agent to market your home. The Buyer Is Not Pre-approved for a Loan. Although buyers are not required to be pre-approved for a loan in order to buy a house, expecting them to be is perfectly reasonable. Also, it’s worth inviting friends over and asking for feedback.

Pre-approval

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

Realty Biz

NOVEMBER 11, 2020

Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. 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.

Backup offer

HomeLight

OCTOBER 8, 2020

In this bonus Walkthrough episode, you’ll learn why homeowners call HomeLight Trade-In the “easy button” of real estate and why agents say it’s a “game changer” that’s helping them sell more homes and create happy clients. You can find the group here: HomeLight Agent Community – The Walkthrough.

Agents

Realty Biz

AUGUST 22, 2022

In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency. Getting out of the signed contract and having your earnest money returned to you is typically only possible if the contingencies are not met.

Purchase and sale agreement

Realty Biz

MARCH 13, 2024

Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Pre-approval provides a significant advantage by showing sellers you are a serious buyer with the financing ready to make a purchase.

Pre-approval

HomeLight

OCTOBER 20, 2022

Although the appeal of FSBO lies primarily in saving the cost of paying a listing agent , the amount of paperwork, knowledge, and time necessary to sell a house without a real estate agent can be daunting. Many FSBO sellers will purchase a pre-listing appraisal. Pre-inspection. Home inspection report.

Purchase and sale agreement

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. The process usually starts with the agent coming to the house and providing guidance on what needs to be done — and, more importantly, what doesn’t need to be done,” she says.

Closing

HomeLight

APRIL 29, 2021

For expert insight, we spoke with Kurt Thompson , a top real estate agent and former president of the Massachusetts Association of Realtors®. ” Start by clearing off flat spaces like your kitchen counter — an essential task, according to nearly 97% of real estate agents surveyed by HomeLight.

Purchase and sale agreement

HomeLight

JUNE 21, 2022

Buyers typically pay for the inspection to uncover major issues that may give them second thoughts about purchasing the house and avoid surprise repairs after moving in. Contingencies can be costly. The appraiser utilizes this information to establish the home’s worth which affects the size of the mortgage the bank will approve.

Inspection

HomeLight

APRIL 21, 2022

For more expertise, top real estate agent Kris Shook , who works with 77% more single family homes than the average agent in Tacoma, Washington, shares insights. A Top-Rated Agent Can Help You Field Buyer Offers. An experienced agent can guide you on whether or not the offers you receive on your home are worth considering.

Inspection contingency

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

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 sent a Seattle-based relative to attend an in-person showing and the pre-inspection, submitted an offer at 6:20 p.m.

Inspection contingency

Redfin

FEBRUARY 2, 2021

1) Get Pre-Approved for a Home Loan. If you’re a first-time homebuyer , one of the smartest things you can do to ensure your chances of buying the home you want is to apply for a pre-approval on a mortgage. 2) Get a Great Real Estate Agent. Be Ready to Act Instantly in a Seller’s Market.

Pre-approval

HomeLight

AUGUST 31, 2021

The most obvious contingency with an offer that requires financing is, of course, the financing itself. submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Though you can (and should!)

Due diligence

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. FSBO is a method of selling your home without the involvement of a listing agent.

Purchase and sale agreement

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

HomeLight

MARCH 28, 2025

Here are some of the most common reasons a home sale falls through: Home inspection contingency: Your buyer may have walked away due to repair concerns or surprise issues found during the inspection. Buyer home sale contingency: If your buyers own home didnt sell in time, they may no longer be in a position to purchase yours.

Purchase and sale agreement

HomeLight

MARCH 30, 2021

Cesi Pagano , a real estate agent with over 30 years of experience in Orange County, California , says, “It’s important that buyers look at every detail. Some people just focus on a home inspection and that’s not enough. Ask your real estate agent to help you gauge the current real estate market in your preferred area.

Due diligence

HomeLight

NOVEMBER 9, 2021

During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. To help you set the best price on your home, a top real estate agent will provide you with comps and a pricing recommendation. Days on market.

Purchase and sale agreement

HomeLight

MARCH 2, 2023

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

Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). 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. What will make your offer stand out?

Earnest money deposit

HomeLight

MARCH 6, 2023

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%

Earnest money deposit