Remove Agents Remove Inspection Remove Pre-qualification
article thumbnail

Selling Your Home? Here’s Why More Deals Are Falling Apart (And How to Keep Yours on Track)

Lighter Side of Real Estate

With more options available, buyers feel less urgency and are more likely to walk away during the inspection period or contingency phase, especially if a more appealing home hits the market. Before signing a contract, consider: The buyers financial qualifications. For example: Inspection concerns? The buyers demeanor.

article thumbnail

What’s the First Step in Buying a Home? Your Answer Here

Realtor.com

monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Step 2: Qualify for a home loan or loan pre-approval. Step 1: Why financing is the key to buying a new home.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Long Does It Take to Buy a House?

Realtor.com

Step 1: Getting mortgage pre-approval. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer. Step 1: Get pre-approved for a mortgage. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

article thumbnail

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

CT Homes

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. Overwhelming Home Inspections. Completing a successful Real Estate Transaction is difficult. Financing Issues.

article thumbnail

15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. The fee, usually 0.3 – 1.5

article thumbnail

Why You Still Need an Agent to Buy a New House

HomeLight

These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. In this article: The value of a real estate agent in buying new construction.

Agents 128
article thumbnail

I Want to Buy a House in 2021. How Much Should I Offer Over the Asking Price?

HomeLight

A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Talk to your agent about the market. Talk to your agent about the market.