Housing Wire
DECEMBER 8, 2023
Have the best, most-detailed lender’s letter or proof of funds so your offer won’t be tabled because it’s too vague or boilerplate. All of these action items are things that professional, experienced real estate agents should practice already. Lack of information creates enormous stress.
HomeLight
SEPTEMBER 9, 2020
The share of all-cash home buyers has declined since 2014 because, “money is cheap right now with low interest rates, so some people who could buy in cash opt to buy with a mortgage,” says Sherry Ludecker , a top-rated real estate agent in Johnson City, Tennessee. Obtain proof of funds from the bank. Choose a settlement agent.
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HomeLight
OCTOBER 30, 2020
The “as is” label signals that as the seller, you aren’t willing to negotiate on price no matter what comes up in the inspection. However, a buyer could still include an inspection contingency in the contract. Additionally, waiving the inspection contingency makes for a more compelling offer to most sellers.
HomeLight
JUNE 29, 2021
A cash offer won’t always be the best deal,” says Enas Latif , a top real estate agent who sells homes 62% quicker than the average Harris Hill, New York agent. To get a true value, hire a top real estate agent in your area to conduct a comparative market analysis. Review the terms of the deal for contingencies.
HomeLight
JULY 31, 2020
With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency.
Point2Homes
SEPTEMBER 30, 2021
If you haven’t already, try hiring a real estate agent to market your home. You can protect yourself from potential cash buyer scams by requesting ‘Proof of Funds’ documentation and asking for a non-refundable deposit that’s at least 5% of the selling price. Also, it’s worth inviting friends over and asking for feedback.
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. The buyer’s agent will likely provide the purchase offer, but if you want to dicker , be prepared with a counteroffer form.
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