The Residential Specialist

FEBRUARY 27, 2024

Agents must stay vigilant as fraud and scams become more prevalent in the residential real estate profession By Jason Henninger Anywhere there are financial transactions, the threat of fraud comes with them. To prevent falling victim to fraud, real estate agents must clearly understand what types of scams are out there.

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Earnest money deposit Proof of funds Due diligence Title 98

CT Homes

MAY 29, 2020

One of the basic items investors should provide when submitting an offer is a proof of funds letter. This letter is typically from an attorney or lender that shows they have the funds available to to clear their offer amount and close escrow. However, you shouldn’t give this a quick once over and assume everything is ok.

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Proof of funds Earnest money deposit Due diligence Investor 101

HomeLight

NOVEMBER 1, 2021

To better understand what happens when homes appraise below the purchase price, we talked to top real estate agent Ethan Goodrich of Compass Realty in Boston, Massachusetts. When the home is under contract, the seller and the seller’s agent aren’t usually showing the home or accepting additional offers. Source: (airfocus / Unsplash).

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Purchase and sale agreement Proof of funds Backup offer Finance 93

Dwell Real Estate

JANUARY 30, 2020

Realtor's never want to leave their clients hanging so the more time you can give your agent to accommodate your visit, the more successful your house hunting will go. Among the multitude of things an agent does, facilitating tours and scheduling showings requires time and energy to coordinate a days worth of homes to see.

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Pre-qualification Proof of funds Earnest money deposit Inspection 52

Lab Coat Agents

MARCH 4, 2022

No appraisal (provide a full appraisal floor with proof of funds). Call the agent to see how many offers were in hand already? Every house that enters the market WILL find its right Buyer AND it’s right Buyer Agent. appeared first on Lab Coat Agents. How many showings were scheduled already?

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Proof of funds Inspection Loans Loan Officer 98

The Close

FEBRUARY 14, 2024

Then, when the price drop happens, you have to justify the price cut to other agents. The truth is a big piece of a real estate agent’s job is to price a listing accurately. You’ll most likely get three different numbers if you have three different real estate agents conducting a CMA. The thing is, it can be tricky.

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Pre-approval Earnest money deposit MLS Renovation 98

RIS Media

OCTOBER 22, 2020

Keller Williams real estate maverick, Alexis Bolin, joined us this week on a Secrets of Top Selling Agents webinar to discuss what you can do to navigate a hot market and distinguish your client’s offer from the others. Yes, as a real estate agent, you can always find listings that your client may be interested in.

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Earnest money deposit Pre-approval Marketing Proof of funds 94

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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Inspection contingency Proof of funds Inspection Title 103

Realty Biz

MARCH 19, 2022

A real estate agent experienced in land sales can use the knowledge and connections to find you a lot that fits your bill. Remember that proof of funds is also important when making a cash offer as it helps the land seller be confident that you gave access to the money. Photo by fotografu on Unsplash. Do: Work With a Realtor.

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Land Sales Proof of funds Due diligence 84

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.

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Pre-approval Proof of funds Inspection contingency Due diligence 98

RIS Media

JANUARY 14, 2022

BHHS’ Luxury Collection pays for all of the marketing; the agents and seller don’t pay anything. By request of the previous owner, prospective buyers that toured the property were not allowed to take photos, had to sign a confidentiality agreement and had to provide proof of funds.

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Purchase and sale agreement Marketing Proof of funds MLS 92

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.

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Purchase and sale agreement Inspection contingency Proof of funds Finance 98

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. Source: ( Pexels / Pixabay ).

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Inspection contingency Proof of funds Inspection Pre-approval 57

HomeLight

APRIL 5, 2024

Work with a reputable local real estate agent One of the biggest benefits of a cash offer is that you can often avoid real estate commissions. But don’t rule out working with a real estate agent just yet. Experienced Oklahoma agents often have connections to cash buyers who might be interested in buying your home.

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Proof of funds Sales Due diligence Investor 96

HomeLight

OCTOBER 30, 2020

One way to find these elusive buyers is to work with an investor-friendly real estate agent in the area who helps flippers find distressed homes. With the help of an agent who has these existing connections to local property investors, the buyer of your home could be a few phone calls away. How to connect with your target buyer.

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Inspection As-is Inspection contingency Investor 94

Rent, Buy & Sell

JANUARY 20, 2023

Some real estate agents reserve the term “appraisal gap” to refer to an appraisal gap coverage clause in the purchase contract. Cash buyers don’t have lenders peering over their shoulders, so they don’t need appraisals, says Chuck Vander Stelt, a real estate agent in Valparaiso, Indiana, and founder of quadwalls.com.

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Proof of funds Loans Mortgages Agents 59

Kyle Handy

MAY 3, 2023

A real estate agent business plan is essential for success in today’s competitive market. Your real estate agent business plan should be thorough, covering various aspects such as market analysis, organization structure, and marketing strategies. Reflect on your strengths as an agent and which clients you connect best with.

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Development Design Industrial Agents 68

HomeLight

AUGUST 31, 2020

According to Troy Walseth , a Florida real estate agent with over 27 years experience, banks don’t typically allow a homeowner to go straight to a short sale unless the amount still owed is more than the current market value of the home. Partner with a top agent. Find a top agent near you today using our agent finder.

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Short sale Sales Banks Inspection 90

CT Homes

OCTOBER 30, 2020

Real estate agents are vital in most transactions, but there are times when selling on your own could benefit your bottom line. If they are offering cash make sure they submit an updated proof of funds letter. In many markets property values have taken off to levels not seen in well over a decade.

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Earnest money deposit Inspection Proof of funds Due diligence 78

HomeLight

JUNE 14, 2023

Whether you’re considering using an escalation clause, need advice on bidding strategies, or just want help finding the perfect home, connect with a top-rated HomeLight agent today for their guidance. Each escalation clause can look different, with some having caps, and others asking for proof of higher offers.

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Finance Agents Proof of funds As-is 69

Realty Biz

SEPTEMBER 28, 2022

On the other hand, if you take into account the repair costs, closing cost, time, and uncertainty associated with selling through a traditional agent, buying from an investor might be your best option. Experienced Have a track record Have proof of funds. Many sellers won’t like the offer. Photo by Mr. Roofers.

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Purchase and sale agreement Inspection Investor Closing costs 76

HomeLight

APRIL 14, 2023

House Heroes also provides sellers with a proof of funds bank statement. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. In Central Florida, it typically takes around 98 days to sell a home on the market using an agent. Individual investor fees may vary.

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Purchase and sale agreement Closing costs Closing Sales 87

HomeLight

FEBRUARY 28, 2022

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. To help prove their serious intentions, they are happy to offer proof of funds and provide substantial earnest money. Listing with an agent. Going with an agent could pay off big time. Overwhelmed by finding an agent?

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Closing costs Closing Sales Staging 79

HomeLight

JUNE 7, 2022

In 2022, most real estate agents won’t work with buyers that have not already been preapproved or prequalified. Two months of bank statements as proof of funds to show you have the down payment that you say you do. Proof of other forms of income like child support or rental income if you own other investment properties.

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Mortgages Loans Lending Proof of funds 97

HomeLight

JUNE 19, 2023

Step one: Talk to a few buyer's agents! Tell us a little bit about your plans (where you’re looking to buy and when you want to make a purchase) and we’ll connect you with top-rated buyer’s agents in your area. There are real estate agents who specialize in land plots. Here’s what you need to know.

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Land Proof of funds Purchase and sale agreement Title 108

HomeLight

AUGUST 31, 2021

Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Ask for proof of funds and EMD. Request Cash Offer. What about ‘We Buy Houses?’®. Source: (Shopify Partners / Burst).

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Proof of funds Investor Due diligence Closing 144

HomeLight

JUNE 28, 2022

“Real estate fraud is one of the fastest-growing cyber scams across the country,” FBI Special Agent Siobhan Johnson told ABC News in Chicago. But they’ll typically have an agent who walks them through the house on a video call, or negotiates on their behalf. Avoid Scams by Using a Seasoned Agent. Find Agent.

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Proof of funds Investor Title Agents 89

RIS Media

FEBRUARY 14, 2022

Concierge Auctions, the largest luxury real estate auction marketplace in the world, is selling the home in partnership with agent Doreen Alhadeff of Gerrard Beattie & Knapp. She also explained how a listing like this differs from a typical home sale and offered advice to agents looking to break into the luxury real estate market.

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Proof of funds Marketing Agents As-is 88

HomeLight

SEPTEMBER 16, 2021

HomeLight can introduce you to a top real estate agent in your neighborhood for an expert opinion on what your home is worth so you can make sure you’re getting a fair price. . Skip the repairs, prep hassles and agent commissions. Consult with a top real estate agent. Need help making a final decision? Sell your house “as is”.

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Title Inspection Proof of funds Investor 101

HomeLight

AUGUST 24, 2022

Work with a reputable local real estate agent. There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Focus on out-of-state buyers.

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Purchase and sale agreement Title search Proof of funds Title 105

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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Purchase and sale agreement Pre-approval Inspection MLS 102

HomeLight

JANUARY 5, 2022

Real Estate Agent. Real Estate Agent at The Kaminsky Real Estate Group. Do: Consider hiring a real estate agent. Hiring a real estate agent is not compulsory when you sell a house to a friend. It’s always tougher to negotiate with a friend,” says Edward Kaminsky , a top real estate agent in Los Angeles County. “If

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Pre-approval Purchase and sale agreement Title search Title 106

HomeLight

FEBRUARY 3, 2022

The stress of selling the home is very specific to the individual,” explains Andrew Robinson, a top-selling agent in Columbus, Ohio. So much of it is out of your control, and you spend a lot of time just waiting,” adds top real estate agent Dalton Carroll of Arlington, Texas. Contact an agent 90 days before listing.

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Pre-approval Staging Agents Proof of funds 100

HomeLight

MARCH 13, 2023

Regarding the impact of higher interest rates, if a buyer is already “liquid,” they might prefer to use their money to buy real estate rather than invest in the stock market, says Ross Speed , a top agent in Austin, who works with over 74% more single-family homes than the average agent in the market. No pre-qualifying for a loan.

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Sales Investor House Flipping Pre-approval 71

HomeLight

DECEMBER 14, 2021

You’re about to put on a cup of tea and curl up with a good book when you get a text from your real estate agent: “Buyer wants to see the house tomorrow. A home can average around 25 showings before being sold , according to a blog posted by Portland real estate agent Steven FitzMaurice. Real Estate Agent. Does 1 p.m.

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Staging Agents Proof of funds Pre-approval 80

HomeLight

APRIL 30, 2021

1 buyer is obviously the cash buyer” explains top Long Beach , California agent Ramon Sanchez , who works with 77% more single-family homes than the average area agent. “So If you’re using cash, you’ll have to show proof of funds with your offer. To make an all-cash offer , you’ll need proof of funds.

Due diligence 101

Due diligence Finance Proof of funds Earnest money deposit 101

HomeLight

FEBRUARY 16, 2023

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. House Heroes further vets itself by providing a proof of funds bank statement. For those without the budget for repairs or lacking time to go through a real estate agent, The Buy Guys can be an ideal solution.

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Purchase and sale agreement Closing costs Closing Investor 83