CT Homes

OCTOBER 28, 2021

When buying or selling a home, the topic of who pays closing costs is bound to come up eventually. Especially for those looking to budget their real estate experience carefully, closing costs can be an important factor when determining if a home is the best investment for your needs. What are Closing Costs? Seller Closing Costs.

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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. Navigating the escrow process is a critical aspect of home buying, ensuring a secure and smooth transaction for both buyers and sellers.

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RIS Media

SEPTEMBER 21, 2020

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. Here are 15 homebuying terms you should become familiar with before you start your home search: . Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction.

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Lighter Side of Real Estate

AUGUST 5, 2020

Ask an agent to go see houses before getting pre-approved. There’s no greater let down than finding a house you love, and finding out you can’t be approved for a mortgage in the price range of that house. Besides, many sellers and their agents won’t even consider your offer if you don’t include a pre-approval letter.

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Point2Homes

DECEMBER 7, 2020

Getting Pre-Approved. It’s always advisable to get pre-approved for a mortgage in any home purchase so you can make sure that you can actually get the loan that you believe your income justifies. Image: Andy Dean Photography / Shutterstock.com. Getting the Right Help.

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Redfin

DECEMBER 15, 2023

Get pre-approved and secure your dream home Work with a lender to find the right loan for the home you love. Get pre-approved When is the right time to refinance your mortgage? In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic.

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Real Trends

DECEMBER 27, 2022

With a little bit of informed vigilance, you will be able to increase your rate of successful closes. Keep reading to learn about the reasons a deal is starting to slip and the warning signs that a deal will never close. At the time of closing, both parties agree to sign all necessary documents. Reasons your deal may slip: 1.

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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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Realtor.com

JANUARY 2, 2023

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

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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. A mortgage loan is often the largest and most expensive loan you’ll apply for in your lifetime.

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Realtor.com

MARCH 10, 2021

When you are buying a home, you likely will start hearing some new real-estate and mortgage-related lingo, such as loan pre-approval, down payment, earnest money, escrow, closing costs, and more. There’s dreaming of buying a home—and there’s turning that dream into a reality. Understand key terms.

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Point2Homes

JUNE 23, 2021

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. Yet, the addendum can also specify that the sale must be closed by a set date. If the sale is not closed by then, you can find yourself paying a fee.

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HomeLight

NOVEMBER 9, 2021

During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. It generally takes a couple of days to come to an agreement with a buyer and as few as 10 days to close. Just how fast can you sell your home?

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Realtor.com

DECEMBER 7, 2019

But as the housing market has rebounded , buyers are getting competitive —more and more are waiving those contingencies, or protections, in order to speed the deal through to closing. Closings can be delayed, so many buyers ask for the right to move in their possessions (or themselves) early. Of course not! Contingency: Early move-in.

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Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. For example, if a home sale is contingent or pending, can you still make an offer? What does Contingent Mean?

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Windemere Buying

JUNE 22, 2022

Sellers will typically request alterations like a higher price, a modification to your contingencies , or an adjustment of closing dates. 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.

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Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets. As a seller, it’s important to be transparent in listing any issues with the home.

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Windemere Buying

AUGUST 31, 2022

Imagine a home-buying scenario where you make an offer, the seller immediately accepts, and the two of you move through closing without any hiccups until you have keys in hand. Even if you are pre-approved for your mortgage , you may not be able to obtain the right loan for the home. And in some cases, the deal can fall through.

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HomeLight

JANUARY 3, 2022

Sellers then pick a move date, and can often close in as little as two weeks. Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. But the right method comes down to personal preference more so than one method always being better than the other.

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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. If you need help figuring out where to start, Redfin has your back. From market insights and the homebuying process, read on to make the jump to homeownership. What’s it like to live in North Carolina?

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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. REALTOR ® Mike DelRose Jr. Automation essentials. Automation is a means to an end—and that end is speed. Masterful marketing.

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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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Easy Agent Pro

NOVEMBER 12, 2021

Is this a buyer who is dragging his/her feet getting pre-approved for a mortgage? Actually, the posts are evenly split between homeowner topics and buying and selling topics. . That said, the agent said he’d prefer that his clients learn about down payment assistance and other such topics. Therein lies the problem, or problems.

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HomeLight

JANUARY 29, 2021

Run a title search to surface liens or judgments attached to the property, such as unpaid taxes, a home equity line of credit, or a reverse mortgage. Meyer , an attorney whose decade-long practice includes probate, real estate, and title. Source: (Slidebean / Unsplash). Know where the mortgage stands.

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HomeLight

JANUARY 5, 2022

They help clients save money by representing both sides and a pre-arranged discount.”. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. This place is gorgeous! Edward Kaminsky.

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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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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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HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Preliminary title report. Pre-inspection. DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes, not legal advice.

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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. Clear the title. Get final mortgage approval.

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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. The earnest money typically goes towards the buyer’s down payment or closing costs. DISCLAIMER: This blog post is meant to be used for informational purposes only, not legal advice. What is earnest money? 5k for a $500K home).

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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. The nav system also tells you how long it will take, so planning out your road trip is easy. After all, how can you know how long it takes to buy a house, and what do you have to keep in mind?

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HomeLight

OCTOBER 29, 2020

Choosing a qualified agent and searching for the perfect home in terms of ideal size, location, price, and condition can already feel like a journey, but making an offer on a property is when the challenge really begins. We’ll explore what buyers can do to help strengthen a contingent offer and secure a spot at the closing table.

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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. “The The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains.

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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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HomeLight

DECEMBER 7, 2021

About 95% of buyers hire a home inspector prior to closing. Make sure they hang straight and close well. Usually, it’s the buyer, but the seller may schedule a pre-inspection before listing the home. Whether you’re buying, selling, or refinancing a home, you’re probably going to have to endure a home inspection. Provide access.

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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. Plus, you’ll save money on things like commissions, repairs, and closing costs.”.

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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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