The Close

FEBRUARY 14, 2024

So, let’s turn up the brightness and shed some light on the real estate industry. Setting the Right Expectations Myth #1: Going With the First Buyer Is Rarely the Best Choice After navigating hundreds of real estate deals, I can confidently say that your first offer is nearly always the best. This is one of the top blunders your sellers could make.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

HomeLight

JUNE 7, 2022

If this is your first time going through the process — or even if it’s been awhile — the first question on your mind is probably “How long will it take to get preapproved for a mortgage?” followed closely by “What do I need to do to apply for a mortgage?”. The preapproval timeline also depends on the type of preapproval you get. Prequalification.

Mortgages 96

Mortgages Loans Lending Proof of funds 96

HomeLight

FEBRUARY 3, 2022

With this method, you skip staging, repairs, and showings. The stress of selling a house is enough to make anyone feel overwhelmed. People tend to struggle with big changes and moving is nothing short of a seismic life disruption. The emotional ties to our homes can also cause feelings of anxiety and sadness when it’s time to say goodbye.

Pre-approval 100

Pre-approval Staging Agents Proof of funds 100

HomeLight

NOVEMBER 10, 2022

When the time comes to move, some tenacious homeowners in Chicago are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Chicago real estate market and a steep rise in equity added extra incentive to maximize profits. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement 86

Purchase and sale agreement MLS Agents Pre-approval 86

HomeLight

NOVEMBER 14, 2022

When the time comes to move, some tenacious homeowners in New York are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot New York real estate market and a steep rise in equity added extra incentives to maximize profits. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement 79

Purchase and sale agreement MLS Agents Pre-approval 79

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. The catch is that they must sell one property and buy a similar one within a set time frame. Active contingent.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97