HomeLight

JULY 31, 2020

Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. So the answer to “how long does it take to close on a house?”

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Redfin

AUGUST 10, 2023

When you apply for a mortgage, your lender is obligated to provide a Loan Estimate, a standardized form that includes essential details like your estimated interest rate, monthly payment, closing costs, and more. Page one Page one of the loan estimate is an overview of the mortgage loan terms and costs.

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Redfin

MARCH 3, 2022

Sometimes when a homebuyer wants to close on the home as quickly as possible, it can lead to unrealistic contract dates. However, there are often unpredictable roadblocks that can arise during the closing process that will push back your closing and keep you from meeting your deadlines.

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Windemere Buying

JUNE 22, 2022

Prepare for counteroffers ahead of time with your agent by discussing your price limit , how much you’re willing to budge on your contingencies, your flexibility around closing dates, etc. Before closing, any contingencies attached to the offer must be met. When the sale closes, the money goes toward the down payment or closing costs.

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HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

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Redfin

JUNE 14, 2023

We’ve gathered market insights on several highly sought-after cities in North Carolina to start you on your home search. In that case, you can utilize helpful tools such as a cost of living calculator to identify the ideal city that aligns with your budget. #1: If you need help figuring out where to start, Redfin has your back.

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HomeLight

JANUARY 3, 2022

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. Sellers then pick a move date, and can often close in as little as two weeks. But the right method comes down to personal preference more so than one method always being better than the other.

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Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy.

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HomeLight

JUNE 23, 2022

It is usually held in the broker’s or title company’s trust or escrow account until closing. DISCLAIMER: This blog post is meant to be used for informational purposes only, not legal advice. What is earnest money? Earnest money is often referred to as a “good faith” deposit. The typical amount is around 1% of the purchase price (ex.

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HomeLight

MARCH 17, 2021

It takes a lot of planning and preparation, possibly even some soul-searching, to decide what’s the right move in your situation. Whether you have a stable income to cover mortgage costs. The size of mortgage you qualify for is important data, but you need to compare it to what homes cost in your area.

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Redfin

APRIL 21, 2023

From beachfront condos to suburban single-family homes, the state’s diverse real estate market can make deciding where to start your search challenging. Buying a home in Florida can be an exciting, yet daunting process. What’s it like to live in Florida?

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HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. Looking for cash home buyers in Orlando? Need to Sell Your House Fast in Orlando? No showings, no repairs, no open houses. million people by 2030.

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HomeLight

MARCH 6, 2023

The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more.

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Redfin

SEPTEMBER 14, 2023

The cost of living in Eugene is 14% higher than the national average, so If you’re looking for more affordable suburbs , there are plenty of charming neighborhoods to choose from. #3: The cost of living in Portland is 8% higher than in Eugene, but there are several affordable suburbs in Portland to choose from. #4:

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HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. Find a Buyer's Agent What will it cost to buy a home in San Diego? Looking to Buy Your Dream Home in San Diego?

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HomeLight

JUNE 30, 2021

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.

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Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Clear the title.

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HomeLight

DECEMBER 7, 2021

Usually, it’s the buyer, but the seller may schedule a pre-inspection before listing the home. Unless there is an extraordinary exception, sellers will generally only get a copy of the inspection report if they paid for part of it, which can sometimes happen through shared closing costs. But what’s inspected? Provide access.

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HomeLight

AUGUST 16, 2021

The mortgage loan process is pretty messy! It’s easy to forget an important document when you’re busy looking at houses and figuring out which one best suits your needs and budget. If you’re a list person, then you appreciate the value of keeping track of your items. Identification. Source: (NATNN / ShutterStock). 1099 forms.

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HomeLight

NOVEMBER 7, 2022

Are you looking to sell your home in Houston? Fear of the unknown can cause home sellers a high level of anxiety, especially when the housing market is in flux. Knowing what to expect can help you to craft a solid plan and take confident steps forward when listing and selling your home in the Houston market. Years of Experience. Transactions.

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HomeLight

SEPTEMBER 13, 2022

This means the buyer and seller have a pre-existing relationship of some kind (i.e. Using one of these options is prudent when selling to a family member since controlled transactions are typically watched more closely by lenders and the IRS due to a higher risk of fraud. Selling a house to a family member can be very rewarding.

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HomeLight

NOVEMBER 10, 2021

For example, a 1% difference in your mortgage rate could bump your monthly payment up around $100 a month, costing you $30,000 over the life of a 30-year mortgage. Her higher budget expanded her search radius. What’s still novel? How about trying to buy a house online? But it will be different from a normal homebuying experience.

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HomeLight

AUGUST 31, 2021

As a rising number of companies provide cash offers for homes and improve experiences for sellers with advanced technology, the idea that you don’t have to wait months to list and close on your house appeals to many stressed-out sellers. “You Plus, you’ll save money on things like commissions, repairs, and closing costs.”.

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HomeLight

SEPTEMBER 16, 2021

Cash buyers provide a variety of conveniences to sellers, including a shorter closing, increased level of certainty, and the option to sell “as is” and save money on repairs. You know your home’s worth and you’re ready to search for a qualified cash buyer. Check on the value of your home. Find a cash buyer and request an offer.

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HomeLight

OCTOBER 20, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Are you looking to sell your home in Austin? Fear of the unknown can cause home sellers a high level of anxiety, especially when the housing market is in flux. We will help you be informed, consider your approach, and proceed with selling your property in Austin. Find Agent.

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Redfin

AUGUST 3, 2022

Determining how much house you can afford is the first step in the home buying checklist – setting a realistic budget will relieve stress in the long run and help narrow your home search. Owning a beautiful home you can call your own is a dream come true. But it doesn’t have to be this way. Let’s get started. Know how much you can afford.

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HomeLight

MARCH 16, 2023

Receive your offer within a week and close in as little as 10 days. It takes a lot of money to fix the house and keep it with holding and carrying costs,” Ramcharitar points out. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses. Available to sellers in Texas.

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HomeLight

NOVEMBER 21, 2022

Impulsive home purchases also weren’t unheard of during the pandemic, so maybe you haven’t owned your South Carolina home very long and are concerned about covering the cost of selling your house. That 6% is deducted from the seller’s proceeds at closing. While the method can work for South Carolinians, it does come with some risks.

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The Close

DECEMBER 29, 2022

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange.

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