Realty Biz

OCTOBER 4, 2022

Rent-to-own is a contract between the homeowner and the buyer that sets aside a certain percentage of rent towards an agreed-upon home purchase price. Under these agreements, the buyer pays a slightly higher-than-average rental price as well as a one-time option fee between 3% and 7% of the total home price. Benefits of Homeownership.

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HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. Loan approval. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. There are several ways that obtaining a loan by the closing date can be challenging. Closing on a house seems pretty straightforward.

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HomeLight

DECEMBER 1, 2021

We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure. You’re maxed out on second loans and now you owe more than your home’s value. You’re going through a divorce.

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HomeLight

OCTOBER 1, 2020

Bankruptcy documents. 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. The seller accepts your offer to purchase. Once the offer has been accepted, your real estate agent will draw up a purchase agreement.

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HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

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HomeLight

JANUARY 13, 2022

In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. So he knows all the twists and turns that can occur between an accepted offer and a closed sale.

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HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: You lost your job.

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HomeLight

NOVEMBER 9, 2021

Any additional information the appraiser used in the appraisal process, including market sales data, public land records, or tax records. Insurance companies use appraisals to value items in your home, such as your engagement ring, so they can provide adequate coverage. Home appraisal definition from Appraisal Institute.

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HomeLight

JUNE 30, 2022

For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. You’re excited to buy your first house. Are you ready to dive in?

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HomeLight

JUNE 30, 2021

There’s more that goes into making an offer besides landing on a purchase price. Lenders can also approve you for different loan amounts, give you different interest rates, and charge varying fees. Source: (KAROLINA GRABOWSKA / kaboompics). What’s a Realtor?, and what’s an agent?

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HomeLight

OCTOBER 29, 2020

Because the stakes are high when it comes to property transactions, contingencies are written into the purchase agreement , and in most cases, action must be taken toward satisfying those contingencies within a certain time frame. Is it an understatement to say that buying a house can be a complicated process? Negotiable contingencies.

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Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. Give your loan officer full disclosure from the start – tell us everything.

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HomeLight

JANUARY 25, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Lakeland, FL, area “we buy houses” companies do not constitute an endorsement.

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HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Request Offer.

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Closing costs Purchase and sale agreement Closing Inspection 85

HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Chicago. Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Request Offer.

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Closing costs Purchase and sale agreement Closing Staging 85

HomeLight

JULY 28, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Kansas City. Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Request Offer.

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Closing costs Purchase and sale agreement Closing Staging 81

Marco Santarelli

SEPTEMBER 8, 2020

percent increase in pending sales for the month. Total sales (closed) during July increased 35.4 Data by Realtor.com also corroborates that in July 2020, the Naples housing market was a seller’s market, which means there were roughly more buyers than there were active homes for sale. percent year over year.

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