HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Get Started What does ‘under contract’ mean?

Purchase and sale agreement 102

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 102

Easy Agent Pro

SEPTEMBER 5, 2023

In today’s competitive real estate market , bidding wars have become common. Here, we’ll explore several novel yet effective ways of outwitting competition and increasing your chances of successful bidding in competitive markets. Start by researching the current market conditions where you intend to buy a property.

Earnest money deposit 78

Earnest money deposit Seller concession Purchase and sale agreement Pre-approval 78

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We spoke with two seasoned real estate agents — Andrew Poe in Knoxville, Tenn., How long are most listing agreements?

Purchase and sale agreement 101

Purchase and sale agreement Staging Agents Brokerage 101

Realtor.com

JANUARY 7, 2021

Although this is a major milestone on the march toward closing, there are many points where this deal can go off the rails—like if you find out your home buyer wasn’t approved for a mortgage. Why home buyers aren’t always approved for a mortgage. Still, pre-approval is not a guarantee that a buyer will get a loan.

Loans 133

Loans Purchase and sale agreement Pre-approval Debt-to-income ratio 133

HomeLight

JUNE 9, 2023

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. ” Step one: Talk to a few buyer's agents!

Home sale contingency 142

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 142

Realty Biz

JULY 1, 2023

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Step 1: Initiating the Transaction Learning about escrow and initiating the process is an important step that occurs once the buyer and seller have agreed upon the terms of the home purchase.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Title search Pre-approval 76

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 93

Sales Purchase and sale agreement Due diligence Inspection 93

HomeLight

JANUARY 12, 2022

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Signing the purchase agreement: 1-3 days. So if you list your home on Jan.

Closing 112

Closing Purchase and sale agreement Pre-approval Inspection 112

Real Trends

SEPTEMBER 27, 2022

As fewer sellers list their homes , mortgage rates soar past 7% and the housing market slows to a crawl , Realtor confidence has plummeted, according to the latest survey by the National Association of Realtors. The report also found that homes listed for sale received an average of 2.8 of homes that went under agreement that month.

Purchase and sale agreement 80

Purchase and sale agreement Pre-approval Inspection Agents 80

Realty Biz

JANUARY 29, 2021

2021 has continued to be frustrating for first time home buyer in Massachusetts as well as many of the metro markets throughout the country. While some areas are shoeing signs of the market weakening popular metro areas are continuing along the same vein as 2020. What Is Driving The Market in 2021? Find A Buyer’s Agent.

Marketing 118

Marketing Purchase and sale agreement Inspection Pre-approval 118

Redfin

FEBRUARY 2, 2021

What is a Seller’s Market? A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. How has the pandemic affected the market?

Pre-approval 64

Pre-approval Purchase and sale agreement Marketing Inspection contingency 64

Redfin

DECEMBER 6, 2023

Purchasing a home in New York marks a monumental step, unveiling a rich tapestry of choices across its dynamic neighborhoods and bustling boroughs. This Redfin article will delve into the intricacies of buying a house in New York, guiding you through this vibrant and fast-paced market. What’s it like to live in New York?

Purchase and sale agreement 60

Purchase and sale agreement Pre-approval Closing costs Sales 60

Point2Homes

JANUARY 31, 2023

Making an attractive offer is crucial, especially in a hot market. With a budget in place, your next step should be to get pre-approved for a mortgage. Without being pre-approved, you’ll need to delay your offer while you secure financing. So, take your time and ask your real estate agent for advice.

Earnest money deposit 98

Earnest money deposit Purchase and sale agreement Pre-approval Inspection 98

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

Purchase and sale agreement 101

Purchase and sale agreement Inspection MLS Inspection contingency 101

Redfin

MAY 24, 2022

Congratulations, you’re in the market to buy a house. Either way, it’s time to find a real estate agent to guide you through what can be a challenging – and sometimes stressful – process. Or, maybe you’re listing your home for sale in Anchorage, AK , you most likely want top dollar for your property.

Agents 72

Agents Pre-qualification Purchase and sale agreement Pre-approval 72

First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. Amidst a continuous pandemic, seller’s markets are still holding strong throughout the nation. As soon your agent understands what’s important to YOU, they can get to work anticipating the process.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

Toronto Realty Blog

JUNE 2, 2021

I have a RECO complaining pending for a blog I wrote last month about transparency in the market, which I find highly ironic, since the mere notion that somebody is complaining about my transparency demonstrates how the old-guard of real estate is trying to keep everything in this industry hush-hush. Not in our market.

Pre-approval 97

Pre-approval Inspection Purchase and sale agreement Due diligence 97

HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Listing price.

Purchase and sale agreement 88

Purchase and sale agreement Home sale contingency Title search Inspection 88

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. Short sales or foreclosures in your area have driven home prices artificially low.

Purchase and sale agreement 95

Purchase and sale agreement Proof of funds Backup offer Finance 95

Realty Biz

MAY 1, 2022

If you are looking to buy a home in a hot seller’s market, there is a strong likelihood you’ll be up against buyers who will be making a cash offer. Research The Current Real Estate Market. When trying to beat a cash offer, it’s essential to understand the current local real estate market? Let’s dive in!

Purchase and sale agreement 145

Purchase and sale agreement Rent back Pre-approval Inspection 145

HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% drop in median time on the market. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Florida.

Purchase and sale agreement 93

Purchase and sale agreement Inspection Title MLS 93

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. 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. Easy, right?

Closing 112

Closing Purchase and sale agreement Title search Earnest money deposit 112

Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. Effective marketing strategies, such as crafting an appealing listing description and utilizing professional photography, can also significantly impact the process.

Purchase and sale agreement 93

Purchase and sale agreement Title Staging Inspection 93

Redfin

AUGUST 21, 2020

Purchasing your first home is a big move. For some, it represents the independence they’ve been striving for, while others see their home purchase as a path to financial security and a way to create a safe haven for their family. . Second, take some time to understand the local housing market. The home offer process.

Pre-approval 76

Pre-approval Purchase and sale agreement Inspection Title 76

HomeLight

JUNE 28, 2021

Your real estate agent has been forwarding you offers on your home all day. Why do some offers have one price on the purchase agreement and another price on the escalation addendum? In competitive seller’s markets , some buyers will strengthen their offer with an escalation clause. An escalation cap.

Earnest money deposit 71

Earnest money deposit Purchase and sale agreement Pre-approval Pre-qualification 71

Toronto Realty Blog

SEPTEMBER 19, 2022

I have been perhaps the harshest critic of the pre-construction condominium industry in Ontario over the past two decades. It’s an odd position for a real estate agent, of all people, to take. Some of you, reading this, have made money in pre-construction. I have no doubt about that.

Construction 74

Construction Industrial Purchase and sale agreement Pre-approval 74

Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets. As a seller, it’s important to be transparent in listing any issues with the home.

Purchase and sale agreement 52

Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

HomeLight

APRIL 29, 2021

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey.

Purchase and sale agreement 96

Purchase and sale agreement Pre-approval Inspection Inspection contingency 96

HomeLight

JUNE 21, 2022

But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal. It’s critical to know what home inspectors look for because serious problems could derail the sale altogether. What is a home inspection?

Inspection 120

Inspection Purchase and sale agreement Pre-approval Inspection contingency 120

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. To determine your home’s equity, you first need to assess your property’s fair market value. Here are a few.

VA loan 71

VA loan Purchase and sale agreement Short sale Pre-approval 71

Redfin

AUGUST 3, 2023

Georgia housing market insights The Georgia housing market has experienced some notable recent changes in demand and supply. Despite this shifting demand, the median sale price has continued its steady ascent, increasing by 1.3% Check out this article to learn more about the pros and cons of living in Georgia. year-over-year.

Purchase and sale agreement 54

Purchase and sale agreement Pre-approval Debt-to-income ratio Loans 54

Windemere Buying

JUNE 22, 2022

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. The seller rejects your offer: If a seller rejects your offer, your agent may be able to relay information from the listing agent as to why it was insufficient.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

Redfin

SEPTEMBER 17, 2020

Even if you have a well-versed real estate agent by your side, the thought of negotiating can be daunting. However, when armed with the right information and a great real estate agent, you can successfully negotiate the best deal. How much can you negotiate on a house in a buyer’s market?

Pre-approval 70

Pre-approval Purchase and sale agreement Closing costs Inspection 70

Redfin

MAY 5, 2023

An overview of the Texas housing market The Texas housing market is rich in diversity, with plenty of options to suit different budgets and lifestyles. However, due to the recent hike in mortgage rates, the market has experienced a slight decline, with median sale prices dropping by 2.5%

Purchase and sale agreement 64

Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 64

Redfin

JUNE 29, 2023

However, navigating the homebuying process in Michigan requires careful consideration of factors such as location, market conditions, financing options, and legal requirements. If you’re a first-time homebuyer and want to know more about the market, Redfin has your back. What’s it like to live in Michigan? year-over-year.

Pre-approval 50

Pre-approval Purchase and sale agreement FHA loan Closing costs 50

The Close

DECEMBER 15, 2023

Because investors continue to buy and sell properties regardless of whether it is an up or down market , it’s always a good time to work with investors. That’s why a relatively small percentage of agents, the ones who work with investors, split an estimated 13% of the $100 billion annual real estate commission pool—around $13 billion.

Investor 74

Investor Marketing Purchase and sale agreement Agents 74

Realty Biz

JUNE 7, 2021

In most Real estate markets, the average time to close on a house from start to finish is 45-60 days. So when you add that to the time it takes for a buyer to purchase a house, sellers can fairly easily vacate their properties in under 3 months. Credit Unions and large banks sometimes take a bit longer than other mortgage lenders.

Closing 121

Closing Purchase and sale agreement Inspection Title 121