HomeLight

AUGUST 31, 2021

The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. If sellers get paid at closing either way, why is cash better? Updated August 31, 2021. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 78

The Close

APRIL 28, 2022

Born from the needs of mortgage buyers to compete with cash buyers, cash lenders will buy a home with cash then allow the buyer to refinance or purchase the property after closing. Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized. Here’s how it works. Don’t do this!

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Rent back Closing costs Finance Agents 104

Real Trends

MARCH 3, 2022

If you have clients that are thinking about offering, keep in mind that the offers we have already received are well above list price, have waived inspection and appraisal, and are willing to honor the Seller’s request of a free 60-day rent-back.” Be available. Answer your phone. . Earn your commission.

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Agents Due diligence Inspection Rent back 103

RIS Media

APRIL 18, 2022

Buyers are waiving a home inspection. Allowing the seller to rent back for a specified amount of time. There’s no guarantee that the property you like will be available when you’re ready to make an offer. You’ll want to be sure you understand the current market and what houses are available.

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Pre-approval Backup offer Due diligence Rent back 119

HomeLight

MARCH 31, 2022

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. The financing approval and the inspection contingency are first-level contingencies,” Ballenger explained. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Source: (Masjid MABA / Unsplash).

Home sale contingency 82

Home sale contingency Sales Purchase and sale agreement Inspection contingency 82

RIS Media

JULY 8, 2021

Agents can help buyers write the very best initial offer by contacting the listing agent to find out their preferred terms for closing dates and occupancy, rent backs if necessary, financing or cash options, so that they can put the best terms in their initial offer. Over-prepare on pricing strategies in advance.

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Marketing MLS Agents Rent back 105

Redfin

JULY 30, 2020

45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as reasons more buyers are bidding on homes before visiting them. Where in the building is the unit?

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 74

Redfin

FEBRUARY 2, 2021

What is a Seller’s Market? A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. Also, home sellers will have the upper hand when it comes time to negotiate.

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 66

Redfin

MAY 7, 2021

You can typically close within 10 to 60 days after accepting the iBuyer’s offer. Buyers are often willing to offer incentives to close the deal, and they might be more flexible on the timing. You can also consider requesting a rent-back agreement from potential homebuyers. Homeowners in a seller’s market face a conundrum.

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Purchase and sale agreement Marketing Equity Loans 80

HomeLight

APRIL 19, 2021

Closing costs can range from 2.5% Inspections & attorneys. Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. One-bedroom apartments in co-ops can start at $700,000 in co-ops compared to $1.2

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Earnest money deposit Due diligence Inspection Agents 63

Marco Santarelli

MAY 4, 2023

This trend has continued into 2023, with homebuyers still seeking out these properties. A good home in the resale market is selling quickly, and buyers today are not the same as those who bought 12 months ago. Competition for Turnkey Homes Remains Fierce Competition for turnkey homes in good school districts remains fierce.

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Sales Pre-approval Investor Renovation 52

HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. Others perform a home inspection while their competitor skips one. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. But beyond this similarity, how do they stack up?

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Seller concession Inspection Rent back Closing 98

HomeLight

APRIL 29, 2021

Think back to the quiz you aced during 10th grade economics with Mrs. Patil: supply and demand. The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. So does that mean you’re in a buyer’s market or a seller’s market? Source: (yi sk / Unsplash).

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Marketing Sales Agents Construction 111

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. Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well.

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Closing Earnest money deposit Sales Inspection 94

HomeLight

JUNE 30, 2021

When you closed on your first home, you probably weren’t thinking that one day you’d want to sell. Getting the timing right — selling your old house, closing on a new house, and then moving into your new house — can be a challenge. But after a few years, it’s easy to outgrow your space. Source: (LinkedIn Sales Solutions / Unsplash).

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Rent back Inspection contingency Earnest money deposit Finance 105

Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. If something is wrong, you can request that it be fixed—or you can back out of the sale.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

NOVEMBER 10, 2021

What’s still novel? How about trying to buy a house online? While the COVID-19 pandemic accelerated adoption of digital home shopping tools, they’ve been around for some time. It is possible for homebuyers to shop for and buy a house online in which they’ve never actually set foot. But it will be different from a normal homebuying experience.

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Inspection Title Agents Pre-approval 86

HomeLight

JANUARY 7, 2022

Your timeline: Do you have any flexibility around moving and closing dates? If your offer is accepted, your agent may also recommend a longer closing time, so you’re able to sell your home and use your equity for the down payment if possible. Enclave Team. Real Estate Agent. Enclave Team. Real Estate Agent at RE/MAX Results.

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Equity Loans Debt-to-income ratio Closing 105

HomeLight

FEBRUARY 28, 2022

But having a lot of equity in your home doesn’t mean you have immediate access to it – you’ll typically have to sell your house and close on it before you can use that money as a down payment on a new home. The challenge used to be getting a buyer to agree to allowing the seller to stay in the home past the closing date.

Equity 120

Equity Debt-to-income ratio Closing Loans 120

HomeLight

FEBRUARY 4, 2022

Guide you through the steps of due diligence and inspections. Coordinate with the closing attorney and seller’s agent to finalize the sale. … Let’s take a closer look at 11 reasons why you should definitely hire a real estate agent. Source: (LinkedIn Sales Solutions / Unsplash). An agent is your advocate. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 95

HomeLight

JANUARY 4, 2022

It wasn’t long ago that the decision to sell your house for cash was associated with a neglected or foreclosed property whose value had plummeted, as an investor swooped in to snatch it up for a bargain. A 2022 market survey conducted by HomeLight echoes that cash is here to stay. Sell Your House for Cash: Request an Offer Today. Request Offer.

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Investor Finance Inspection Sales 98

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. Find a Buyer's Agent What is a home sale contingency?

Home sale contingency 91

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 91

HomeLight

MARCH 28, 2022

Close in as little as 10 days. Otherwise, it’s possible that you would need to pay money at closing to settle up. As the Great Resignation causes many Americans to reassess their work situations, career exploration is on the rise and that sometimes means relocating within the country or seeking out global options. Request Offer.

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Purchase and sale agreement Equity Agents Staging 114

HomeLight

MARCH 22, 2021

Sarita is back with me today for part 2 of our conversation about winning bidding wars. You need to write offers that tell the listing agent your offer has the best terms, lowest risk, and is most likely to cross the proverbial finish line. This episode is an encore presentation of episode #35 of The Walkthrough.). Sarita: Price is price.

Agents 72

Agents Inspection Inspection contingency Pre-approval 72

HomeLight

OCTOBER 12, 2020

Sarita is back with me today for part 2 of our conversation about winning bidding wars. You need to write offers that tell the seller and listing agent three things: your offer has the best terms. your offer has the lowest risk. your offer is most likely to cross the proverbial finish line. Sarita: Price is price. ” (INTRO MUSIC).

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Agents Inspection Inspection contingency Pre-approval 98

HomeLight

APRIL 21, 2022

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. According to a 2021 National Association of Realtors® survey, financing difficulties were responsible for 29% of closing delays and 10% of terminated contracts.

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Inspection contingency Home sale contingency Pre-approval Agents 107

HomeLight

MARCH 15, 2021

And winning often comes down to something other than price or closing date. When you’re up against five, 10, or even 50+ other offers, the smallest details can have the biggest impact. In this episode of The Walkthrough, Portland agent Sarita Dua shares how she won seven straight bidding wars in a single weekend. SPEAKER: Matt McGee, Host).

Agents 80

Agents Backup offer Inspection Closing 80

HomeLight

OCTOBER 1, 2020

But after the appraisal, the tides have turned — the price initially seemed right, but the appraiser doesn’t feel the same way. So, what can you do? Do you know how to negotiate with a seller after a low appraisal? However, there are many options that allow you to turn things around so you can come out on top and still snag that dream home.

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Purchase and sale agreement Short sale Rent back Sales 85

HomeLight

OCTOBER 5, 2020

And winning often comes down to something other than price or closing date. She got her start in real estate back in 2004 and formed a small team in 2011. When you’re up against 5, 10, or even 50+ other offers, the smallest details can have the biggest impact. This is the first of a two-part conversation, so don’t miss out!

Agents 76

Agents Backup offer Inspection Closing 76

HomeLight

JANUARY 28, 2022

Not only do they guarantee a cash sale, but they also extend a no-obligation offer and will close on the sale within 30 days. These companies target homeowners in urgent or time-sensitive situations, such as an unexpected move to a care facility or a deceased family member. But no one wants to be taken advantage of, conned, or ripped off. “We

Purchase and sale agreement 109

Purchase and sale agreement Investor Agents Sales 109

HomeLight

MAY 24, 2021

Our expert-backed guide is here to help. Your budget is $300,000. You see a house you love, and it’s listed at $300,000. Perfect match, right? Not so fast. If you’re looking to buy in 2021, then you already know that the market is white-hot. Home sales have skyrocketed, and home inventory is historically low. Source: (Jodie Cook / Unsplash).

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Pre-qualification Pre-approval Purchase and sale agreement Loans 106

HomeLight

DECEMBER 14, 2021

How many sales did they close in the last few months? You need to sell or buy a home — and to find a Realtor ® for that transaction, you have to sift through thousands of people who could make or break one of the most serious, important financial decisions in your life. Where do you begin? Find Your Perfect Real Estate Agent. Find an Agent.

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Pre-qualification Earnest money deposit Agents Days on market 104

HomeLight

SEPTEMBER 11, 2020

That means buyers who want to close a deal need to come prepared with their A-game when it comes to making an offer. Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? Source: (Andrea Piacquadio / Pexels).

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 81

HomeLight

MAY 24, 2022

Among survey participants, 23% agreed to a closing timeline preferred by the seller which would be more convenient if you’re waiting to move into your new house. With homes still in short supply if you sell in 2022 , competition among buyers could lead to a faster, more profitable sale. Interest rates are on the rise and so are prices.

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Pre-approval Equity Agents Closing costs 98

HomeLight

FEBRUARY 28, 2021

What if you could live in a Norman Rockwell painting, a slice of Americana closely tied to our nation’s capital? To help you close the deal on a home that fits your budget and lifestyle, we’ve put together this comprehensive guide with expert advice and insights from area real estate professionals. “A

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Earnest money deposit Land Residential Inspection contingency 96

HomeLight

DECEMBER 14, 2021

How many sales did they close in the last few months? Whether you’re a first-time homebuyer or an empty nester who’s bought and sold several homes but wants to downsize, one thing’s for sure — you both need to find the best real estate agent to guide you to success. But, how do you find that agent or Realtor®? Step 2 – Look to the now.

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Earnest money deposit Agents Days on market Sales 94

HomeLight

DECEMBER 15, 2022

Explaining why you want the house — you love the neighborhood, or it’s close to the grandparents — helps sellers visualize someone else living in their old home. Disclaimer : This article is meant to be used for educational purposes only and is not intended to be construed as financial or legal advice. You’ve fallen in love… with a house.

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Inspection Closing Rent back Agents 89