Realtor.com

DECEMBER 10, 2020

But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In In this market, trying to negotiate a sales price probably won’t get you far.”. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale. Time to close.

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

Rent back 101

Rent back Purchase and sale agreement Closing Renovation 101

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!

Rent back 105

Rent back Closing costs Finance Agents 105

First Team Real Estate

MAY 25, 2021

Looking at sales and prices for April 2021, both rose in all counties across Southern California: Los Angeles County. Sales: Up 101%. Sales: Up 97.9%. Sales Up 80.8%. Sales: Up 66.9%. Sales: Up 74.1%. You are likely to pay little to no closing costs, no repairs, and cash out big. Orange County.

Rent back 98

Rent back Closing costs Sales Mortgages 98

The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. I’ve compiled a list of my top tips on how to win a bidding war on a house to help you outsmart your competition and get your clients into their dream homes.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

APRIL 29, 2021

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. Landscaping: 100 %.

Purchase and sale agreement 94

Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

RIS Media

APRIL 18, 2022

Look at recent sale prices, as well as neighborhood trends. 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. All real estate is local, after all. Buyers are waiving a home inspection.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

Windemere Selling

SEPTEMBER 1, 2021

Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in. Do I buy or sell first?

Purchase and sale agreement 52

Purchase and sale agreement Rent back Loans Agents 52

RIS Media

JULY 8, 2021

For best results, host a training class or have a sales meeting discussion to review the following six buyer strategies designed to provide the highest value and achieve their buyer’s objectives for purchasing a home: Over-communicate how to compete as a buyer in today’s market. Over-prepare on pricing strategies in advance.

Marketing 105

Marketing MLS Agents Rent back 105

HomeLight

APRIL 27, 2022

You’ll get the estimated value of your home, the relevant parts of a comparative market analysis, a list of top local real estate agents, and an estimate on a cash offer through HomeLight’s Simple Sale platform. The best way to ensure that you’re setting the best price for your house sale is to work with a top agent.

Renovation 100

Renovation Agents Sales Rent back 100

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.” Here are a few techniques and tips to keep in mind as you go to battle.

Agents 103

Agents Due diligence Inspection Rent back 103

Realty Biz

JULY 7, 2021

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. Contingencies are specific conditions that must be met before the sale can be completed. The number one tip that you should be following is to be patient. The right house will come along, it always does.

Inspection contingency 88

Inspection contingency Marketing Inspection Rent back 88

HomeLight

AUGUST 31, 2021

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. 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.

Due diligence 79

Due diligence Inspection Pre-approval Pre-qualification 79

Realtor.com

JANUARY 6, 2021

“However, most prenup terms well exceed the final settlement in order to get a signoff on the divorce, and the properties are divvied up to avoid the appearance of a fire sale,” she says. . Another source says West has become increasingly frustrated with the Kardashian family’s reality TV star lifestyle.

Land 105

Land Rent back Design Renovation 105

HomeLight

SEPTEMBER 30, 2020

As excited as you are about the prospect of a successful sale, you’re hesitant to sign a contract without knowing you’ll have somewhere to go. On the flip side, the U&O can allow the seller to remain in the home for a certain amount of time after closing (also known as a “rent-back” agreement).

Purchase and sale agreement 54

Purchase and sale agreement Closing Rent back Investor 54

HomeLight

APRIL 29, 2021

Think back to the quiz you aced during 10th grade economics with Mrs. Patil: supply and demand. An ample supply (lots of homes for sale) and limited demand (fewer buyers) leads to a buyer’s market. Conversely, lack of supply (fewer homes for sale) and abundant demand (lots of buyers) results in a seller’s market.

Marketing 111

Marketing Sales Agents Construction 111

Redfin

MAY 7, 2021

In a seller’s market, you may be tempted to put an offer on a home that’s contingent on the sale of your current home. 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.

Purchase and sale agreement 80

Purchase and sale agreement Marketing Equity Loans 80

Redfin

FEBRUARY 2, 2021

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. What is a Seller’s Market? 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.

Pre-approval 66

Pre-approval Purchase and sale agreement Marketing Inspection contingency 66

HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. 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. What is Opendoor?

Seller concession 99

Seller concession Inspection Rent back Closing 99

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.

Closing 95

Closing Earnest money deposit Sales Inspection 95

Redfin

JULY 28, 2020

Waiving these contingencies is a common strategy homebuyers use to make their offers more competitive by assuring the seller that the deal will close without unforeseen hiccups and negotiations. Active listings—the count of all homes that were for sale at any time during a given month— dropped 20.7% up from 17.4%

Inspection contingency 59

Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Redfin

JULY 30, 2020

More than half of Redfin offers faced bidding wars last month as the number of homes for sale continued to shrink and mortgage rates dropped to a record low, making it all the more advantageous for house hunters to get their offers in ASAP—sometimes before seeing the home in person. . Where in the building is the unit?

Inspection contingency 74

Inspection contingency Purchase and sale agreement Pre-approval Inspection 74

HomeLight

APRIL 19, 2021

Closing costs can range from 2.5% to as high as 6% of the sale price, so be sure to leave room in your budget for your attorney and real estate agent, as well as for filing fees and other required deposits. One-bedroom apartments in co-ops can start at $700,000 in co-ops compared to $1.2 million in condos.

Earnest money deposit 63

Earnest money deposit Due diligence Inspection Agents 63

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

Home sale contingency 92

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 92

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. This is why many buyers make offers on their new home that include a sales contingency.

Rent back 105

Rent back Inspection contingency Earnest money deposit Finance 105

HomeLight

JANUARY 28, 2021

A report from CoreLogic recently revealed that homeowners enjoyed an average annual equity gain of $17,000 in Q3 2020, pushing equity levels to record heights nationwide. But as home prices across the country surge, so do intense waves of coronavirus cases. Others may still feel skittish about listing while infection rates remain so high.

As-is 105

As-is Purchase and sale agreement Agents Equity 105

HomeLight

JULY 29, 2022

Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Timing is critical in all things, but it can be especially challenging when it comes to real estate. How Much Is Your Home Worth Now?

Debt-to-income ratio 111

Debt-to-income ratio Loans Rent back Equity 111

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.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

JANUARY 7, 2022

So, instead of stressing your way through two sales, you can set yourself up for success and have your bags packed for your new home in no time. They’ll also introduce you to options, such as a bridge loan or home equity line of credit, to assist in your sale if needed. Do you have a limited amount of time to complete both sales?

Equity 105

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. Juggling the sale of one home and the purchase of another can be stressful even under the best of circumstances.

Equity 121

Equity Debt-to-income ratio Closing Loans 121

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. Close in as little as 10 days. Otherwise, it’s possible that you would need to pay money at closing to settle up. Relocating for a job when you own a house can be especially challenging. What’s your home worth? Get Estimate.

Purchase and sale agreement 115

Purchase and sale agreement Equity Agents Staging 115

HomeLight

AUGUST 16, 2022

We’re (somehow) more than halfway through 2022, which has given interest rates plenty of time to adjust as the world eases back into normalcy following the worst of the Covid-19 pandemic. We’ll get into more details shortly, but it is safe to say that market activity is to blame (or thank!) for mortgage interest rates at any given time.

Mortgages 134

Mortgages Fixed-rate mortgage Agents Rent back 134

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.

Inspection 87

Inspection Title Agents Pre-approval 87

HomeLight

FEBRUARY 4, 2022

Source: (LinkedIn Sales Solutions / Unsplash). Coordinate with the closing attorney and seller’s agent to finalize the sale. … Unless you’re a real estate investor who deals with dozens of home sales every year, it’s going to be very difficult to learn as much about real estate as your agent already knows. And lots more!

Agents 96

Agents Purchase and sale agreement Due diligence Inspection 96

HomeLight

AUGUST 17, 2022

If you’re thinking this all sounds very back-and-forth — so the Fed wanted us to spend money during the past two years but now we’re supposed to spend less? Though mortgage interest rates have taken a recent dip amid recession concerns, it’s no secret that these numbers have been climbing since the historic lows we saw in 2020 and 2021.

Mortgages 82

Mortgages Rent back Fixed-rate mortgage Banks 82

First Team Real Estate

MAY 21, 2021

According to recent data from NAR , home sales are receiving an average of 4 offers, and our FirstTeam agents regularly see bidding wars that capture upwards of 20 offers! Offer to Rent Back to the Sellers. When purchasing your home with a mortgage, your first payment isn’t actually due until a month after you close escrow.

Purchase and sale agreement 98

Purchase and sale agreement Rent back Marketing Agents 98