Redfin

APRIL 7, 2023

With its pristine beaches, year-round sunshine, and thriving job market, it’s no wonder that so many people dream of owning a home in America’s Finest City. To help you get started, we turned to some of Redfin’s top Partner Agents in San Diego to help you navigate the process with confidence.

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Pre-approval Agents Pre-qualification Debt-to-income ratio 59

HomeLight

FEBRUARY 12, 2021

Department of Housing and Urban Development (HUD) created the Federal Housing Administration (FHA) loan program in 1934 to help more Americans afford houses with government insured home loans that are easier to qualify for than most conventional loans. FHA loans help make homeownership more accessible. Foundation damage.

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RIS Media

MAY 19, 2021

It has become common practice in some markets to ask the seller to pay some or all of the closing costs when you purchase a home. Some simple rules to remember on the different kinds of loans: – On VA loans, you can ask the seller to pay everything, meaning the buyer is making no down payment and paying no closing costs.

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Real Trends

OCTOBER 23, 2022

Buying a home for the first time can be daunting, especially with how the market has been over the past few years. First-time homebuyers’ extra jitters during today’s market. High mortgage rates and a softening market are definitely the biggest concern on homebuyers’ minds right now.

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RIS Media

OCTOBER 29, 2020

Let’s take a look at some of the key things to consider before you jump into the real estate market and buy your first house. There are numerous benefits to FHA loans. If you are a veteran or currently serving, the VA loans program offers great terms. Getting Prepared. Preapproval. Choosing Your Neighbors.

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HomeLight

SEPTEMBER 21, 2020

In 2019, most sellers (89%) sold their home with the help of a real estate agent. So, take a step back to evaluate your next move, which might be: Hire an agent with a military-friendly skill set. The best time to contact a Realtor can be anywhere from three to six months before your house goes on the market.

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Windemere Buying

JUNE 25, 2021

Buyers are constantly looking for ways to streamline the buying process , whether that’s working with their agent to identify how they can increase their buying power , getting pre-approved , or being as cash-ready as possible. However, buyers should be aware that the second loan will likely come with higher interest rates.

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HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. FHA loans are geared toward individuals in need of lower down payments, or those who may not qualify for conventional loans due to lower credit scores.

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Windemere Buying

OCTOBER 18, 2021

By working closely with your agent , you can identify these pitfalls ahead of time and adjust accordingly. Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted.

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Redfin

MAY 16, 2023

Maryland housing market insights Maryland’s housing market has been experiencing high demand over the last couple of years, with limited inventory contributing to increased home prices in some areas. Check out this article to learn more about the pros and cons of living in Maryland. And that’s not all.

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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?

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HomeLight

AUGUST 16, 2021

Your real estate agent is another great resource for help!). You can qualify for loans with as little as 3.5% Service members, veterans, and surviving spouses qualify for these loans with 0% down. For these loans, qualified first-time buyers can make a down payment as low as 3%. Source: (Emmanuel Ikwuegbu / Unsplash).

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HomeLight

JANUARY 12, 2022

Conventional loan. The seller’s portion of closing day usually takes one to two hours , according to Sherry Wiggs , a top real estate agent in Westchester County, New York. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. Source: (Nabeel Syed/ Unsplash).

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Redfin

MAY 2, 2023

An overview of the Colorado housing market In the last year, the housing market in Colorado has been fiercely competitive due to significant demand, causing home prices to rise rapidly, particularly in sought-after locations such as Denver, Boulder, and various mountain towns.

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HomeLight

AUGUST 31, 2020

If you don’t have a lot of cash saved and you are a veteran or looking for a home a bit outside of the city, then you may qualify for no-down payment loans, such as a VA or USDA loan. When loan environments are riskier (like during an economic recession), it can be harder to get these kinds of loans.

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Debt-to-income ratio FHA loan Pre-qualification VA loan 72

The Close

SEPTEMBER 2, 2020

It is widely known that email is an effective form of marketing. The problem is likely that your customers are receiving the “marketing” but not the “message.”. Focus on Who Your Marketing Is Actually Targeting. 6 Do I have to use a real estate agent to sell a home? 8 How do I get approved for a loan?

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Purchase and sale agreement Renovation VA loan Pre-approval 124

HomeLight

AUGUST 20, 2021

After all the work of preparing, marketing, and showing your house, it’s finally under contract at top price. “The purpose of an appraisal is to determine the market value of a home at a specific point in time,” explains Brandy March, executive officer of the Iowa Real Estate Appraiser Examining Board. .

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HomeLight

AUGUST 16, 2021

We’ve rounded up expert advice from all across our Buyer Resource Center and enlisted the help of top Massachusetts agent Rosemary Mancuso to walk us through what first-time buyers need to buy a house. Research your market. There’s much to learn about your local real estate market before diving into making offers. Start here.

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HomeLight

OCTOBER 29, 2021

If you’ve been following the real estate market with even a modicum of interest over the last, oh, say, year-and-a-half, it probably hasn’t escaped you that home prices are only getting higher. You want to get pre-qualified , and you want to know what types of programs are out there so you can understand your goal and how to budget.”.

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HomeLight

MAY 31, 2021

And while you can expect to answer plenty of questions from your mortgage lender about qualifying for a loan, as a buyer, there are also several important questions you should be asking your lender. These are things you just might not know as a buyer — but your agent and loan officer can give you guidance!

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HomeLight

MARCH 28, 2022

After reaching out to a local agent to learn about average home prices where you’re shopping, you may decide that a home purchase isn’t affordable or is too risky. If it’s a hot housing market , many buyers face multiple-offer situations that drive home prices higher. The VA funding fee can increase every time you use your VA loan.

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VA loan Loans Debt-to-income ratio Closing costs 89

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. Interviewing and selecting a buyer's agent and choosing a mortgage lender and real estate attorney are vital steps. This documentation will be necessary when applying for a mortgage pre-approval. Let's get started on your path to homeownership.

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Easy Agent Pro

NOVEMBER 9, 2021

There’s lots to talk about right now: Explain what’s happening in the real estate market nationwide and then narrow the focus to how your local market compares (less competition, moderating prices, better inventory etc.). They’ll need to be pre-approved, of course. Don’t underestimate how popular VA loan posts are.

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HomeLight

SEPTEMBER 30, 2020

The best way to get a deal on a short sale is to find one that’s priced under fair-market value. “You have to wait for the current owner’s bank to approve the short sale,” says Jessica Sanchez, Director of Underwriting and Loan Management at HomeLight. All short sales require bank approval.

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HomeLight

OCTOBER 26, 2021

Before you start shopping for your home, you will be advised by your real estate agent to choose your mortgage provider and get preapproved for a mortgage so you know what price range you can afford. But that is only a preliminary step to getting final approval for a mortgage. The last step is the approval process.

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HomeLight

JULY 31, 2022

While an appraisal is not in the same category as the more in-depth home inspection, different mortgage types (such as conventional loans or government-backed FHA , USDA, or VA loans ) have different minimum property standards. How does a buyer’s loan type affect minimum property standards?

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HomeLight

MAY 19, 2022

There are some misconceptions about what “as is” means, says top-rated Maryland real estate agent Juan Umanzor. “I Average days on market for Maryland. Yes, according to Umanzor, there is an as-is addendum for agents to complete. It’s very important for sellers to work with a top agent,” Umanzor says. “I Disclosures.

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HomeLight

MARCH 30, 2021

So hunting for this type of home can be tricky business requiring patience, finesse, an experienced real estate agent on your side — and all the knowledge you can possibly gather to inform the process. Many brokerages provide lists of short sales for interested buyers, so ask your agent to provide it. Know where to find them.

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HomeLight

MAY 23, 2022

Josh Muncey , a real estate agent with over $500 million in career sales and 16 years of experience selling in greater Boston, Massachusetts, says, “it’s hard to find a market in the Boston area that’s not feeling red hot lately.”. Average days on market for Massachusetts. So, we think about that market prep strategically.

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HomeLight

APRIL 11, 2022

But with appraisals coming in low more recently in the tough market for buyers we’ve seen since the onset of the coronavirus pandemic, some buyers may be feeling extra nervous about the process. Some sellers have their homes appraised before listing them on the market to help arrive at a fair asking price. Real Estate Agent.

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HomeLight

MARCH 13, 2023

Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67 Need to Sell Your House Fast in Orlando? million people by 2030.

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Redfin

FEBRUARY 10, 2021

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

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HomeLight

NOVEMBER 16, 2021

We examined a range of programs for you to explore and consulted an experienced agent to help you understand what’s available and whether it’d be a good fit for you. Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. Source: (Jonathan Francisca / Unsplash).

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Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 90

HomeLight

OCTOBER 27, 2021

“If you can get to a home as a preforeclosure before it goes into foreclosure, that’s the best route,” explains Donny Piwowarski , a top-selling agent who works with 84% more single-family homes than the average agent in his region of Tracy , California. “A A preapproval will also help you be as competitive as possible in a hot market.

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HomeLight

MARCH 6, 2023

Whether you’re new to the housing market or buying a second home, it’s easy to get confused with all the lingo. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Get Estimate What is a home appraisal?

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HomeLight

OCTOBER 29, 2021

Let’s be honest: 2020 (and the bulk of 2021) have been pretty intense for all of us, and in many regions, the real estate market seems to reflect that stress. We’ve rounded up advice from top real estate agents, plus talked to a few first time buyers who shared how they turned that impossible dream into a reality.

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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. Loans are between 3%-3.5% Looking to Buy Your Dream Home in the Bay Area?

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