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.”. While the use of all-cash eliminates the need for a lender-ordered appraisal, some buyers may still request to have the house appraised before closing.

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Title Inspection Proof of funds Investor 98

HomeLight

MAY 24, 2022

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But other than reaching the closing table faster with cash, another advantage to a cash offer is that it saves you money long-term. Appraisal: 15 minutes to 5 days.

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Purchase and sale agreement Closing Title search Title 102

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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Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the buyer’s financing falling through.

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Sales Investor Due diligence Renovation 77

HomeLight

MARCH 13, 2023

Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. Many house-buying companies will also pay your closing costs.

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Sales Investor House Flipping Pre-approval 67

HomeLight

APRIL 26, 2023

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Invest in an appraisal If you want to further reduce guesswork, top agents recommend paying an appraiser to provide a professional opinion of value for your home.

MLS 66

MLS Agents Sales Proof of funds 66

HomeLight

OCTOBER 11, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. In Iowa, a real estate attorney is required at the closing table for FSBO and agent-assisted properties, and FSBO sales typically warrant legal and professional oversight of some kind to avoid an abundance of legal risk.

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MLS Purchase and sale agreement Pre-approval Agents 94

HomeLight

OCTOBER 1, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Invest in an appraisal. If you want to further reduce guesswork, some agents recommend paying an appraiser to provide a professional opinion of value for your home. But note that not all agents agree it’s worth the price.

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MLS Pre-approval Agents Sales 88

HomeLight

MARCH 16, 2023

Although you’ll typically receive a discounted offer from a cash home buyer, you’ll save on costs that take a sizable piece of your profit, such as 6% real estate agent commission. Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance.

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Sales Purchase and sale agreement Earnest money deposit Investor 64

The Close

DECEMBER 29, 2022

Active contingent. To help your clients understand contingencies, use the word “conditional.” ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Sure, deals can fall apart.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

NOVEMBER 21, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. In South Carolina, a real estate attorney is required to oversee the closing process. Invest in an appraisal. However, Richter cautions FSBO sellers that private appraisals may differ from bank appraisals. “I

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Purchase and sale agreement MLS Pre-approval Agents 74

HomeLight

APRIL 27, 2023

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. In Kentucky, sellers are required to hire a licensed attorney to conduct the closing , and FSBO sales typically warrant legal and professional oversight of some kind to avoid an abundance of legal risk.

MLS 64

MLS Agents Sales Mortgage pre-approval letter 64

HomeLight

DECEMBER 6, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. While multiple offers produce a sense of urgency that drives the price up and removes some contingencies, overpriced homes may be overlooked by potential buyers. Invest in an appraisal. Require everything in writing.

Purchase and sale agreement 75

Purchase and sale agreement MLS Pre-approval Agents 75

HomeLight

OCTOBER 14, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Invest in an appraisal. If you want to further reduce guesswork, top agents recommend paying an appraiser to provide a professional opinion of value for your home. Close the sale — with professional help.

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Purchase and sale agreement MLS Seller disclosure Agents 85

HomeLight

OCTOBER 11, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. In order to get a true valuation, you need to think like an appraiser,” warns Rodriguez. Invest in an appraisal. Finally, a FSBO sale does not mean that a seller won’t need any professional assistance. Photograph your home.

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Purchase and sale agreement MLS Agents Sales 83

HomeLight

OCTOBER 14, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. And, if they meet with an appraiser, they might not know what to give them for an accurate appraisal. Invest in an appraisal. That said, know that appraisals only get you so far. Whatever it is.”.

MLS 71

MLS Agents Sales Mortgage pre-approval letter 71

HomeLight

DECEMBER 13, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Invest in an appraisal. If you want to reduce guesswork further, top agents recommend paying an appraiser to provide a professional opinion of value for your home. Make sense of the research. Photograph your home.

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Purchase and sale agreement MLS Agents Sales 82