Windemere Selling

JULY 19, 2023

10 Important People in the Home Buying Process #2 Get Pre-Approved for a Mortgage Before getting serious about your hunt for a new house, you’ll want to choose a lender and get pre-approved for a mortgage (not just pre-qualified—which is a cursory review of your finances—but pre-approved for a loan of a specific amount).

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Pre-approval Inspection Closing costs Agents 67

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

CT Homes

FEBRUARY 13, 2024

Prepare your home for sale by decluttering, making necessary repairs, and staging it to appeal to potential buyers. Secure Mortgage Pre-Approval Knowing how much you can borrow is key when looking for a new home. At CT Homes, we don’t mandate a home inspection or appraisal to make our cash-as-is offer.

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Pre-approval Inspection Mortgages Staging 75

Windemere Selling

JULY 12, 2023

Home Inspector Another important aspect of preparing your home for sale is being aware of what repairs it needs, which is why some sellers conduct a pre-listing inspection. Even if you don’t get a pre-listing inspection, a home inspector will enter the fold eventually. Buyers may choose to work directly with a mortgage lender.

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Pre-approval Title Staging Inspection 74

The Close

FEBRUARY 14, 2024

Still, the car was detailed, professionally photographed, staged, posted online, and syndicated to numerous websites to find a buyer. Sure, the curb appeal may be better, but consider the fact that appraisers don’t factor in the cost of appliances or upgrades when determining a home’s value. “And you know what?

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Pre-approval Earnest money deposit MLS Renovation 98

RIS Media

APRIL 8, 2022

Real estate listings go through different stages. While financing may be pre-approved, the process is complex. Low appraisal. Real Estate appraisals are usually completed when homes are bought via mortgage loans. A qualified appraiser establishes the home value via many factors ranging from location to condition.

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 78

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

Realty Biz

NOVEMBER 11, 2020

Appraisal Contingency. If your home appraisal comes in lower than the offer amount, with this contingency, the buyer can walk away if they can’t make up the difference. When this happens, it is not uncommon for a buyer to waive their right to an appraisal contingency. These appraisal tips will help.

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Backup offer Sales Home sale contingency Earnest money deposit 113

McKissock

JANUARY 31, 2021

Some offer rebates or can waive fees or appraisals as well. Ensure Your Lender Does a Credit Approval for Your Clients. Often, lenders do a pre-qualification that is strictly based on the information that the client gives the lender. When this happens, the lender will give an approved amount, and then you begin shopping.

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Debt-to-income ratio Pre-approval Pre-qualification Loans 95

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 95

Realtor.com

DECEMBER 7, 2019

But keep in mind: Even with a pre-approval letter , things can still go awry in the final lending stages (including the appraisal—see the next item). Contingency: Appraisal. An appraisal is required by most lenders, and it can be useful to buyers trying to negotiate a price. But appraisals can be tricky.

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Pre-approval Title search Title Inspection 90

Kyle Handy

MARCH 15, 2023

The courses include pre-licensing, post-licensing, continuing education, and exam prep courses. With its state-approved courses accredited by ARELLO and IDECC, The CE Shop offers a comprehensive education for every stage of your real estate career, from pre-licensing to post-licensing to continuing education.

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Pre-approval Agents Inspection Industrial 52

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. Inspection versus appraisal. The inspection doesn’t determine your property’s value during the appraisal process. Prepare for the unexpected with a pre-listing inspection. year-over-year.

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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. The pre-qualified mortgage amount for the buyer is also important.

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MLS Pre-approval Staging Agents 102

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. Mortgage companies require an appraisal, which must be scheduled, performed, and waited on for a report, and may result in further negotiations.

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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

Windemere Selling

SEPTEMBER 18, 2019

#2 Get pre-approved Before getting serious about your hunt for a new house, you’ll want to choose a lender and get pre-approved for a mortgage (not just pre-qualified—which is a cursory review of your finances—but pre-approved for a loan of a specific amount).

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Pre-approval Principal Closing costs Inspection 52

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

Easy Agent Pro

NOVEMBER 12, 2021

Is this a buyer who is dragging his/her feet getting pre-approved for a mortgage? Not even the homeowner who is redecorating to stage a home for sale? How the appraisal works; How to dispute a low appraisal . Staging topics . When do they plan on moving? What impacts future value? Old house or new? .

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Staging Pre-approval Title search Agents 107

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

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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Point2Homes

JUNE 23, 2021

Before a property becomes an REO, it goes through several stages: Payment default: the owner of the property fails to make a payment on their mortgage loan. You will still need to check MLS listings, research the local market, consider your financing options, obtain an appraisal and inspection, make an offer , negotiate and close the deal.

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Pre-approval Banks Title search Inspection 71

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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Pre-approval Purchase and sale agreement FHA loan Closing costs 50

The Residential Specialist

JUNE 23, 2020

to streamline scheduling, Gmail Templates to create and send pre-written emails that quickly answer frequently asked questions, and Gmail’s Priority Inbox feature to automatically separate important emails from junk. REALTORS® can also use automation to help improve customer service.

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Pre-approval Title search Agents Technology 98

HomeLight

APRIL 29, 2021

Schedule time for the appraisal. Your buyer’s loan approval is often the closing step that takes the longest. To avoid repair negotiations, some sellers conduct a pre-listing inspection to get ahead of issues and make repairs in advance. Work with the title rep to review and clear any title issues. Hire a home inspector.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

CT Homes

OCTOBER 28, 2021

Appraisal Fees: Appraisals are strongly suggested to verify the sale price of the property is a fair one to pay, Inspection Fees: Some lenders might require an inspection before a loan can be approved for a mortgage. Lenders also might charge an optional fee in exchange for lower interest rates during the lifespan of the loan.

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Closing costs Closing Purchase and sale agreement Title 75

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

The Close

SEPTEMBER 2, 2020

1 What is the difference between an appraisal and inspection? 8 How do I get approved for a loan? 9 Why is my assessed value different from the appraised value? 8 How do I get approved for a loan? 9 Why is my assessed value different from the appraised value? 22 Is staging really effective?

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Purchase and sale agreement Renovation VA loan Pre-approval 125

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

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

Redfin

JUNE 14, 2023

Get pre-approved from a lender Getting pre-approved from a lender is equally important with several significant benefits. The Redfin First-Time Homebuyer Guide is a great resource, offering a thorough comprehension of the various stages involved in purchasing a home.

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Pre-approval Debt-to-income ratio Closing costs Title 57

Realty Biz

JUNE 21, 2022

In addition, some apps have been designed to help agents list a property more appealingly, such as virtually staging a vacant or not adequately prepared house. Extra features are free-home tours (some even offer 3D tours) and pre-approval assistance. The most competent real estate apps on the market.

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RIS Media

MARCH 25, 2022

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.”. Even in today’s tight market, it is still important to put your best foot forward, so don’t skimp on staging, home repairs and cleanliness. Get pre-approved.

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Pre-approval Inspection As-is Principal 98

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

Redfin

JUNE 21, 2023

An appraiser will help identify the actual value of a property, which can help you avoid overpaying. Get insurance coverage Whether you’re in the rehabilitation stage of your home flip or are holding a property as a rental, you’ll want to be sure you’re adequately insured.

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Due diligence Earnest money deposit Investor Inspection 57