Realty Biz

JULY 11, 2022

The offer will spell out all of the common terms and conditions such as the offer amount, what you’re financing, any contingencies, and the closing date. One of the vital discussions you will probably have with your real estate agent is surrounding the real estate appraisal. Add or Waive an Appraisal Contingency.

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Marco Santarelli

APRIL 27, 2025

For many, especially given the current market conditions centered around high borrowing costs, yes , buying a home with cash in 2025 presents a remarkably strong position, offering distinct advantages that financed buyers just can't touch, though like any big financial move, it requires careful consideration of your own situation.

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HomeLight

JULY 12, 2024

Unlock Your Equity and Buy Before You Sell Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Get Started What does ‘in escrow’ mean in real estate?

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Purchase and sale agreement Earnest money deposit Home sale contingency Title search 111

The Close

MARCH 11, 2025

Market trends report (Source: Realtor.com) The following are neighborhood attributes to consider and how they might positively influence property value: Proximity to amenities: Homes near shopping centers, parks, and recreational areas often have higher value due to convenience and leisure options.

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Redfin

JUNE 10, 2025

Discovering that your home appraisal came in low can be a surprising moment in the buying or selling process. Simply put, a low appraisal means the value assessed by the appraiser is less than the price you and the other party agreed upon. To effectively address a low appraisal, it’s crucial to understand why it happened.

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HomeLight

APRIL 30, 2021

Competition is heating up in real estate markets across the country as homebuyers struggle to make their offers stand out from the pack. Homes fly off the market in days, not weeks; offers go well over asking price; and bidding wars are increasingly the norm. Anyone asking the seller to help them with closing costs.

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Redfin

MARCH 4, 2025

There are many steps to the homebuying and selling processes – and one of the common steps is a home appraisal. A home appraisal determines the value of a home and is important for both buyers and sellers. Key takeaways Home appraisals are unbiased determinations of a homes fair market value.

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HomeLight

JULY 31, 2020

For most people, this means a checking, savings, or money market account. This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency. The seller makes decisions based on the terms of your offer, including contingencies. Pro #1: Limited contingencies.

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Purchase and sale agreement Inspection contingency Proof of funds Finance 98

Marco Santarelli

AUGUST 3, 2024

With fluctuating market dynamics and various benefits associated with cash purchases, potential buyers need to understand the landscape comprehensively before making a move. Current Real Estate Market Overview The real estate market in 2024 boasts a blend of challenges and opportunities. Drawbacks to Consider 1.

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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. Within three weeks of marketing on their own, 80% to 85% of FSBO people will contract with a real estate agent.

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Redfin

JANUARY 25, 2021

Before you do, take time to consider all the potential risks and home-buying contingencies that will help protect you as a buyer. Though you can technically add any contingency you want to an offer, here are the 9 most common homebuying contingencies to consider. 1) Home inspection contingency. 2) Appraisal contingency.

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HomeLight

MAY 26, 2021

Now it’s all about preparing for your closing. If you’re taking out a mortgage, your lender will arrange something called a home appraisal. But who pays for the appraisal? This guide will help you understand who pays for the home appraisal and why it’s important. What is a home appraisal? A home appraisal: .

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Redfin

JUNE 11, 2021

Some of them, like the home inspection and obtaining the real estate appraisal, can be stressful. So, what should you expect with this next step in the appraisal process? And how long does an appraisal take? What is an appraisal, and why do I need one? An appraisal is an objective estimate of a home’s value.

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HomeLight

MARCH 6, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. down payment and/or closing cost assistance. Loans are between 3%-3.5%

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HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

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HomeLight

SEPTEMBER 1, 2022

We can’t always predict what the future holds — let’s be honest, we probably didn’t see ourselves locked down because of a pandemic or foresee the crazy real estate market that followed. Median home prices in June 2022, however, are down 4% from May 2022, a sign of some market cooling. Research the market. City-specific options.

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HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

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HomeLight

AUGUST 10, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Diamond Equity Investments. This cash homebuying company guarantees a fast and convenient closing. Locations: Chicago metro.

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HomeLight

SEPTEMBER 27, 2022

In cities with hot housing markets and real estate inventory shortages, homeowners are receiving unsolicited offers to buy their homes from investors, wholesalers, and house flippers who purchase homes at a discount and sell them for a profit to another buyer. Some cash buyers offer to buy homes at no cost to you. Beware of scams.

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HomeLight

SEPTEMBER 13, 2022

Selling a house to a family member is typically a much quicker and simpler process than selling on the open market. There are several ways to receive an estimate of your home’s current market value. The traditional methods are to get an appraisal or have a real estate agent conduct a comparative market analysis (CMA).

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Redfin

AUGUST 29, 2024

However, there are a lot of things to learn about how to buy a house, like current mortgage rates, your credit score, home inspections, and closing costs. Homeownership is a long-term investment, and staying in one place allows you to build equity and stability. How much should you save for a down payment and closing costs?

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HomeLight

OCTOBER 11, 2021

Normally, when someone puts their house up for sale, they have some equity in the property and will walk away with money in their pocket after closing. Short sales can happen when people purchase a house at the top of the market, and then home values decrease. What causes a short sale?

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HomeLight

SEPTEMBER 7, 2021

Whether it’s money saved, equity from the sale of a previous home, a cash windfall, or using a cash offer platform from a lender, buying a home for cash has become more and more common. In markets where inventory is low, bidding wars aren’t uncommon, and a cash offer can get a seller’s attention quickly. Why so many cash transactions?

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HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. They’ll have specialized market information that others won’t. Plus, it only costs between 0.5%

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Closing costs Inspection Loans Earnest money deposit 119

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. Take a look at these tips and insight into finding your way to homeownership as a first time buyer , as well as some things that you really shouldn’t do in today’s market.

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HomeLight

SEPTEMBER 16, 2021

A ‘cash offer’ simply means the offer does not include a financing contingency — in other words, it’s not dependent on the buyer being able to secure a loan.”. Our tool pairs housing market data with your own personal insights about your house, such as its overall condition and what type of property it is (condo, single-family, or townhome).

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Title Inspection Proof of funds Investor 105

Redfin

JULY 16, 2024

student loans, car loans) Step 2: Shop for lenders Research and compare lenders: Look for the best rates and terms from various mortgage lenders, such as Bay Equity, traditional banks, credit unions, online lenders, and mortgage brokers. 30-year loans: Lower monthly payments, but more interest paid over time and slower equity buildup.

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Loans Pre-approval Earnest money deposit Mortgages 69

Redfin

FEBRUARY 24, 2025

Whether you prefer the ease of a move-in-ready home or the idea of designing a space from scratch, understanding the costs and benefits of both options will guide you toward the best decision. Purchasing an existing home means your expenses are shaped by factors such as market conditions, demand, and the property’s current condition.

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HomeLight

AUGUST 24, 2022

Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average days on market for Connecticut. He’s also familiar with the local market conditions, and can advise the seller on things to do to make the house more appealing to buyers.

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Redfin

MARCH 4, 2025

These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. That means there’s no home inspection or appraisal. However, chances are you can buy the home below market value and you wont need to negotiate with a seller or bank.

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HomeLight

MARCH 21, 2022

While selling to a We Buy Houses company offers a number of conveniences, house-buying businesses typically pay less than market value for the homes they purchase, and sometimes significantly so. They are another legitimate option for selling your home in the markets where they make purchases. How do companies that buy houses work?

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Redfin

MARCH 4, 2025

Pre-listing home inspection As the seller, it may be helpful to get an inspection of your home done before selling your home , though in most markets the buyer will pay for a home inspection and most states do not require a pre-listing home inspection. Particularly youll need the original purchase agreement and deed.

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HomeLight

MARCH 2, 2021

Tenacious buyer’s agents are committed to saving their clients money and will be able to: Help you get a grip on the housing market by identifying which properties are underpriced or overvalued. Flag you when homes they believe are a great value are coming on the market. Buy in the offseason for your market.

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HomeLight

JULY 12, 2022

Investor groups such as “ We Buy Houses ” and “ We Buy Ugly Houses® ” typically purchase homes in cash for less than market value in as little as 10 days. Well-known iBuyer companies like Opendoor and Offerpad typically provide cash offers closer to market value, depending on the home’s condition and the company’s business model.

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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. Receive your offer within a week and close in as little as 10 days. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67

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HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. You may see some that market – or send out mailers – to certain niches. How much a cash buyer will pay depends on the company’s price model, which is typically 70%-80% of the after-repair value (ARV) of the property, less the cost of repairs.

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Sales Purchase and sale agreement Inspection Due diligence 105

HomeLight

MARCH 28, 2022

If you purchased the home recently, such as a year or two ago, it’s possible you haven’t built up much equity yet. Home equity is a homeowner’s financial stake in their property that they own free of their mortgage loan obligation.). How’s the real estate market? It’s an extremely competitive market for buyers.”.

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