The Residential Specialist

APRIL 16, 2021

Pre-approval: Another key aspect of an attractive offer is loan pre-approval. In a competitive market, a strong, clear pre-approval from a lender is almost a necessity. When a seller has a pile of offers and one doesn’t have pre-approval, it is easy to remove it from consideration. “To

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Pre-approval Inspection Residential Agents 97

Realty Biz

AUGUST 2, 2023

While online calculators provide a general idea, it's important to remember that they are not a substitute for a professional appraisal or market analysis. Staging Your Home for Maximum Impression Effective staging can help buyers envision themselves living in your home. Maximize natural light by opening curtains and blinds.

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Purchase and sale agreement Title Staging Inspection 96

HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. Get the home appraised: 7-14 days. After you accept an offer and the home has been inspected, it’s time for the house to be appraised.

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Closing Purchase and sale agreement Pre-approval Inspection 110

HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. Selling to a house flipper is an attractive option if you want to skip repairs and staging, but beware — home flippers turn large profits on houses by buying them for well below their market value.

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Inspection contingency Proof of funds Inspection Pre-approval 57

HomeLight

NOVEMBER 9, 2021

The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Lenders also require an appraisal. Appraisal contingency. Home sale contingency. Mortgage contingency. Clear title contingency (note: all home sales depend on this contingency).

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Purchase and sale agreement Home sale contingency Title search Inspection 84

HomeLight

JANUARY 3, 2023

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Step 3: Declutter, clean, and stage your home. You may also want to consider strategically staging your home so that buyers can envision how each space could be used.

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Purchase and sale agreement Inspection MLS Inspection contingency 97

HomeLight

MARCH 31, 2022

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. A pre-sale inspection also won’t necessarily stop a buyer from procuring their own independent inspection before closing. Step 3: Declutter, clean, stage, and add curb appeal.

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Purchase and sale agreement Inspection Title MLS 89

HomeLight

JUNE 21, 2022

After going through the stressful process of staging and showing your house, you’ve accepted an offer that exceeds your expectations. Contingencies can be costly. Inspection versus appraisal. The inspection doesn’t determine your property’s value during the appraisal process. What do home inspectors look for?

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Inspection Purchase and sale agreement Pre-approval Inspection contingency 120

Realty Biz

APRIL 17, 2021

This can include some minor repairs but at a minimum staging the house to make it as attractive as possible to buyers. Step 3 – Set the stage. Listen to your agent and consider hiring a professional staging company familiar with your local market. Any contingencies attached to the offer are important.

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MLS Pre-approval Staging Agents 106

HomeLight

JANUARY 3, 2022

An agent assists in preparing a home to look its best through careful staging reminiscent of an eye-catching department store window display. However, there still are some contingencies to clear before they can close, such as the home inspection , the home appraisal , and the buyer’s lender approving their mortgage.

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Agents Title Inspection Title search 93

HomeLight

APRIL 29, 2021

During this time, you and the buyer complete the following: Negotiate the terms of your purchase agreement, including contingency timelines. Schedule time for the appraisal. Your buyer’s loan approval is often the closing step that takes the longest. Open escrow. Hire a home inspector. Complete necessary repairs.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

HomeLight

JUNE 17, 2022

However, you can do other things, short of renovations, such as declutter , clean , and stage your home to showcase its best features and potentially get a higher price. We staged the house for him and he tells me, Elmer, I absolutely want to get $420,000 for this house and I’m not going to take anything under $420,000.”.

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Inspection Pre-approval Inspection contingency Renovation 104

HomeLight

MARCH 30, 2021

There’s a difference between the two stages. Pre-approval letters are usually good for 60 to 90 days, so don’t enter this stage until you’re serious about your home search. It’s in your best interest to shop around for good mortgage rates and terms prior to getting pre-approved. Get an appraisal.

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Due diligence Inspection Title Pre-approval 103

RIS Media

MARCH 25, 2022

We are hearing more from sellers that it’s not always about the highest price—offers with contingencies are less desirable,” said Bade. In Lehigh Valley, it takes 3-5 years to approve a subdivision, which is a significant deterrent when you can get an immediate return in the stock market.”. Get pre-approved.

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Pre-approval Inspection As-is Principal 98

Redfin

JUNE 29, 2023

Get pre-approved from a lender Getting pre-approved from a lender is an essential first step when starting the homebuying journey. By seeking pre-approval, you gain a clear understanding of your budget and financial limitations, which allows you to search for homes within your price range.

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HomeLight

SEPTEMBER 15, 2022

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. No need for staging or juggling showings and open houses. Your home will be visible to pre-qualified, serious buyers.

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Pre-qualification Pre-approval Investor Agents 85

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. Below are just some of the typical pre-listing preparations that Shapiro calls out as essential: Reduce clutter. Get a pre-listing inspection. Buyer’s financial situation.

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Closing Pre-approval Inspection Days on market 120

HomeLight

OCTOBER 8, 2020

Sale contingencies are frowned upon. We know that a house that has fresh carpet and paint and is staged is also generally gonna sell for more money than a house that’s occupied with boxes and boxes of kids’ belongings. So, people are not even considering an offer from somebody who is contingent upon the sale of that home.

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Agents Pre-approval Inspection Staging 78

HomeLight

AUGUST 16, 2021

While you’re in the preparation stages of buying a home, it’s a good idea to spend some time in the neighborhoods you might end up in. The higher your score, the more likely you’ll be approved for a mortgage, and the better rate you’ll be offered. Apply for a pre-approval with your top choice lenders. Another pro tip?

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Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

SEPTEMBER 15, 2021

Pre-listing inspection report. Contingency removal form (CA-specific). Home appraisal report. If a buyer’s mortgage lender requires a copy of the homeowners insurance, you’ll need to provide it for the loan to be approved. Pre-listing inspection report. Proposed marketing plan. Seller’s net sheet. 1099-S tax form.

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Purchase and sale agreement Inspection Title Pre-approval 113

HomeLight

JANUARY 29, 2021

So, you can skip decluttering, staging, painting, and updating hardware and fixtures. Fill out basic information about your home and location, and introduce you to the highest bidder from our network of pre-approved buyers. Photos and staging are your responsibility. Cons: The sale price is often lower than you want.

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Inspection MLS Staging Agents 62

HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. A professional appraisal will help determine the listing price based on fair market value. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Pre-inspection. Mortgage statement with payoff amount.

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Purchase and sale agreement Pre-approval Inspection MLS 100

Realtor.com

OCTOBER 29, 2020

Get all contingencies squared away. Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realty Biz

DECEMBER 10, 2020

It is effortless to start looking at homes that you will later find you can’t afford when you try to get approved for a mortgage. When you actually try to get approval for a loan, you might find you don’t get the amount you anticipate if you have only been prequalified. Comparing a Mortgage Preapproval to Full Approval.

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Loans Mortgages Pre-approval Pre-qualification 144

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). Pre-qualification is just an estimate of what size loan you might qualify for. With a pre-approval, you typically submit your financial paperwork with your initial mortgage application, and the lender will verify the information. Get Your Timeline for Buying a House.

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Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

OCTOBER 27, 2021

At this stage, official notice of default has been issued and is publicly available. If you’re going to be buying the preforeclosure with a mortgage, your purchase agreement is contingent on your ability to secure a loan, so getting preapproved is important. Step 10: Get the home appraised. Step 9: Get an inspection.

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Purchase and sale agreement Inspection Homeowner’s association Title 86

HomeLight

AUGUST 31, 2021

Translating that to real estate terms, selling a house for cash goes something like this: Request an offer: You skip the staging and showing process and go straight to requesting an offer. You’d rather not deal with the risk of a low appraisal. You’re nervous accepting an offer with tons of contingencies. Speed and convenience.

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Proof of funds Investor Due diligence Closing 144

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. Reduced fees.

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Title Inspection Proof of funds Investor 99

HomeLight

MARCH 19, 2022

A top agent found through HomeLight will help you set a competitive price, prep and stage your home, market and advertise your home, spread the word to brokers, conduct open houses, and more. Few (or zero) repair requests, contingencies , or seller concessions. Stage, photograph, and market your home. Find Agent.

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Closing Due diligence Agents Staging 91

HomeLight

DECEMBER 7, 2021

Usually, it’s the buyer, but the seller may schedule a pre-inspection before listing the home. The buyer may have added contingencies in the offer whereby if the inspection revealed flaws, the buyer can back out of the sale. Sale moves forward to appraisal and closing. Next steps after the inspection. inspection.

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Inspection Purchase and sale agreement Pre-approval Closing 87

HomeLight

MARCH 21, 2022

Preliminary offer: At this stage, some house buying companies will provide a preliminary offer that is subject to change after a house assessment. Generally trade-in companies will offer to buy your current home, freeing up your funds to buy a new home and removing the need for a home sale contingency. Orchard Move First. 844-488-8455.

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Closing costs Home sale contingency Investor Closing 94

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. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

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Sales Investor Due diligence Renovation 79

HomeLight

MARCH 21, 2023

Even during the early stages of the pandemic, September was becoming a busy month for housing sales in Texas. Get pre-approved to save time once you find the house you want. Not only do they often delay closings , but they can also force fresh evaluations and appraisals looking for storm damage. Find a trusted agent.

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Agents Pre-approval Closing costs Sales 87

HomeLight

SEPTEMBER 13, 2022

This means the buyer and seller have a pre-existing relationship of some kind (i.e. The selling price will set the stage for how the transaction will be handled moving forward. The traditional methods are to get an appraisal or have a real estate agent conduct a comparative market analysis (CMA). Down payment amount.

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Purchase and sale agreement Title Title search Finance 93

HomeLight

OCTOBER 1, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. My team loves to talk to our sellers about proper staging,” Wall says. 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.

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MLS Pre-approval Agents Sales 90

HomeLight

OCTOBER 11, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. 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. Requiring the buyer’s pre-approval letter or proof of funds.

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MLS Purchase and sale agreement Pre-approval Agents 96

HomeLight

NOVEMBER 21, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. 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. Lightly update with new light fixtures , faucets, or cabinet hardware.

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Purchase and sale agreement MLS Pre-approval Agents 75