HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. A seller [that] just doesn’t want to make repairs and wants to sell the house as-is, says Connor Dowd , a top-performing Rhode Island agent with 26 years of experience. Its much more common than you might think!

As-is

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan

Housing Wire

OCTOBER 25, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S.

VA loan

Windemere Buying

NOVEMBER 11, 2020

VA loans provide a path toward homeownership for active service and veteran personnel and their families. The following serves as a guide to understanding what they are, who they are available to, and what types of loans are available to them. What Are VA Loans? How Do VA Loans work?

VA loan

HomeLight

DECEMBER 12, 2023

This guide breaks down what it means to step into a family member’s mortgage shoes and purchase their home. We’ll explore what loans are assumable, the pros and cons, and the financial, legal, and tax considerations to help you make an informed decision. Conventional loans: These are less likely to be assumable.

VA loan

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. Interviewing and selecting a buyer's agent and choosing a mortgage lender and real estate attorney are vital steps. Being prepared is a significant factor in having a stress free transaction.

Debt-to-income ratio

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

Sales

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

VA loan

Lab Coat Agents

NOVEMBER 20, 2024

An assumable mortgage is a financial agreement where the buyer takes over the seller’s existing mortgage. If you are the buyer, this means you inherit the loan’s principal balance, interest rate, and repayment terms. Types Of Loans That Can Be Assumed Not all mortgages are assumable. What Is An Assumable Mortgage ?

Purchase and sale agreement

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. When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM).

VA loan

Realty Biz

SEPTEMBER 23, 2023

Are you wondering what to ask a buyer's agent before hiring them? Buyer agents play a crucial role in real estate transactions. Understanding the difference between buyer and seller's agents and how buyer's agents are compensated is essential. You may likely be asked to sign a buyer's agency agreement.

Purchase and sale agreement

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. Then the home seeker works with licensed real estate agents of their choice to find the right home for them. Source: (Jonathan Francisca / Unsplash). Home Partners.

Purchase and sale agreement

HomeLight

MAY 23, 2022

Top-rated North Carolina real estate agent Ashley Schaus had a listing recently that was in really rough shape. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. Sell 'As Is' With a Cash Offer. Request Cash Offer. 359,600 (April 2022).

As-is

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. The buyer ultimately assumes all risks and responsibilities for any issues that may arise post-purchase. In other words, “what you see is what you get.”

As-is

HomeLight

NOVEMBER 1, 2021

If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. Percentage of sale or flat price. 150,000 sale). Closing cost.

Closing costs

HomeLight

NOVEMBER 29, 2021

If you’re considering a rent-to-own house, you need to have a clear understanding of how these contracts work — they’re a little bit different from both a typical rental contract and a typical home purchase contract. When the future purchase price is set. Lease option vs. lease purchase. Term lengths. Option fee.

Purchase and sale agreement

HomeLight

NOVEMBER 29, 2021

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. Agents say the ongoing demand for houses is being heavily driven by people fleeing more expensive areas of the country. Home loan benefits and housing programs offered through the U.S.

Earnest money deposit

HomeLight

MAY 23, 2022

According to Indiana real estate agent Jesse Allen , the biggest reason he sees people try to sell their homes “as is” in Indiana is because they don’t have the funds to make any repairs and their property is in a state of disrepair. “We HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

As-is

Easy Agent Pro

JANUARY 13, 2023

As a real estate agent, you know the importance of sustaining a steady and consistent flow of new leads. Often real estate agents tend to focus on either buyer leads or seller leads as their specialty in the market. Often out of comfort, real estate agents will stick with the clientele they know. Let’s dive in! .

Marketing

HomeLight

DECEMBER 29, 2021

Savvy sellers know that if their home is priced right, they stand a very good chance of having it appraise accordingly, and keep the sale on track. FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. Source: (Andrey_Popov / Shutterstock). Request Estimate.

Purchase and sale agreement

HomeLight

OCTOBER 1, 2020

This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We The seller accepts your offer to purchase. Once the offer has been accepted, your real estate agent will draw up a purchase agreement.

Closing

HomeLight

APRIL 12, 2023

Your closing costs may differ depending on your circumstances and the terms of your home purchase. of the purchase price, and 1% for sellers, not including real estate agent commissions. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

Closing costs

Realty Biz

MAY 19, 2022

Most people buy their homes with the assistance of mortgages or VA loans. Down payments can vary depending on the terms of your mortgage or loan, ranging anywhere from 5% to 20%. With most people needing the help of a mortgage to purchase a home, make sure you qualify for a loan you can afford before you start looking at houses.

Purchase and sale agreement

HomeLight

JULY 31, 2022

Even before you decided to put your home up for sale, you probably knew making minor repairs and sprucing up your home would increase the chances of attracting the right buyers and getting a great offer. So how can you know what kind of repair issues could potentially derail a sale — before you even have an offer?

Closing

HomeLight

AUGUST 16, 2021

With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. Source: (LinkedIn Sales Solutions / Unsplash). Your real estate agent is another great resource for help!). You can qualify for loans with as little as 3.5% Step 1: Make sure you qualify.

Loans

HomeLight

JULY 25, 2022

“Even if sellers think their house isn’t ready, there are ways to get it right for selling if they want to sell,” says Kelley Martin , a top real estate agent in San Antonio who sells homes 48% quicker than the average area agent. Median sales price in Texas. Sell 'As Is' With a Cash Offer. Request Cash Offer.

As-is

HomeLight

MAY 17, 2021

Sellers have done research on the market before they set a home price, and because it’s their house, reading the appraisal results won’t take as much hand-holding from the agent. Discuss the sales price with your real estate agent. We want to purchase it at the appraised value.”. But what about the buyers?

Purchase and sale agreement

The Close

SEPTEMBER 2, 2020

After coaching agents for the past 11 years, I’ve noticed two common beliefs that agents have that cause ineffective marketing: The first is they want to provide value to their entire database, and second is they don’t want to come across too “salesy.”. 6 Do I have to use a real estate agent to sell a home?

Purchase and sale agreement

HomeLight

NOVEMBER 10, 2021

We did the research and spoke with Jeff Riber , a Jacksonville , Florida, agent who works with 72% more single-family homes than the average agent in his area. “It In fact, the median sales price for single-family homes in the Miami area in August 2021 was over $500,500 , according to Florida Realtors®.

Closing costs

HomeLight

NOVEMBER 29, 2021

The amount varies, but it is usually based on a percentage of the home’s purchase price. William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market.

Land

Redfin

AUGUST 29, 2024

You will also need to save money to put toward closing costs , about 2-5% of the purchase price. FHA loan: These loans are backed by the Federal Housing Authority (FHA) and primarily help low-to-moderate-income borrowers who are less likely to qualify for conventional loans. VA loan: Backed by the U.S.

Earnest money deposit

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

As-is

Realty Biz

FEBRUARY 1, 2024

A credit in home sales can be given for several reasons. Essentially, seller credits are a form of financial incentive the seller provides to the buyer to help cover certain costs associated with purchasing a property. When a seller offers credits to a buyer, it can make the purchase more attractive.

Purchase and sale agreement

HomeLight

SEPTEMBER 1, 2022

If this all sounds perfect and you’re thinking of purchasing a home in Connecticut, read on! With tips on everything from how to save for your down payment, specific loan programs for buyers, and what you should look for in an agent, we’ve got you covered. Steps to buying a home in Connecticut. Assess your readiness.

Earnest money deposit

HomeLight

SEPTEMBER 1, 2022

We researched everything you need to know about buying a house in Florida, and spoke with top agent Maria Raymer , who works with 67% more single family homes than the average agent in Jacksonville, Florida , to get expert insight into the steps required for buying a home in Florida. Ready to make Florida your home?

Earnest money deposit

HomeLight

JUNE 30, 2022

We asked our top agents for their best advice for first-time buyers and we’re going to delve into the top dos and don’ts when buying a home; some may be odd, others may be more obvious, and several you may have never considered. Transaction details: the purchase agreement and a copy of your earnest money deposit.

Purchase and sale agreement

HomeLight

OCTOBER 15, 2020

is for sale. Many wishful homeowners would just keep on driving and try to forget that their dream home is on the market … but you know how to apply for a USDA loan, so you turn your car around and head home to do just that. These loans — like FHA and VA loans — are backed by the government. Find your house.

Loans