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. Updated August 31, 2021. The most obvious contingency with an offer that requires financing is, of course, the financing itself. Though you can (and should!)

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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

HomeLight

APRIL 29, 2021

And don’t forget clutter in your front and back yards: 62% of agents surveyed by HomeLight said clearing exterior clutter is critical , particularly for listing photos and virtual tours. Do you need interim housing, a specific closing date, or a seller rent back ? As it turns out, selling can be tough — overwhelming, even.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

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 110

HomeLight

MARCH 31, 2022

Inspection contingency: This grants the buyer the right to have a professional home inspection, and then allows them to renegotiate the price, ask the seller to complete repairs (neither of which the seller is obligated to do), or back out of the contract entirely if the inspection reveals more dramatic issues.

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 101

The Close

APRIL 28, 2022

Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized. While losing a deal to a cash offer might not hurt as much as getting punched by Mike Tyson, it’s still frustrating for your buyers, and more work for you. Here’s how it works. There is a charge for this service. Don’t do this!

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Rent back Closing costs Finance Agents 105

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.

Marketing 101

Marketing MLS Agents Rent back 101

HomeLight

APRIL 19, 2021

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 million in condos.

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Earnest money deposit Due diligence Inspection Agents 73

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 73

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 65

Real Trends

JULY 15, 2022

This could involve a quick settlement, a rent-back offer, a home inspection without repairs, or doing away with other contingencies. The situation in today’s housing market is consistent with that of the previous two years: a lower inventory of houses available for sale than the demand.

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Loan Officer Agents Rent back Finance 52

Redfin

MAY 7, 2021

You can also consider requesting a rent-back agreement from potential homebuyers. A rent-back agreement means that the homebuyer purchases your home and you rent it from them for a specified period of time. Homeowners in a seller’s market face a conundrum. It can be tricky to know exactly what path to take.

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Purchase and sale agreement Marketing Equity Loans 79

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

Others perform a home inspection while their competitor skips one. Like Opendoor, they typically perform a home inspection before finalizing their offer. In normal home sales, many real estate agents are negotiating rent-back periods for home sellers. Not all cash, or iBuyers , are the same. What is Opendoor?

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Seller concession Inspection Rent back Closing 112

HomeLight

APRIL 29, 2021

Think back to the quiz you aced during 10th grade economics with Mrs. Patil: supply and demand. From cocktail parties to backyard barbecues, it seems like everyone around you is talking about how hot the real estate market is. So does that mean you’re in a buyer’s market or a seller’s market? New builds aren’t keeping up. as of 2020.

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Marketing Sales Agents Construction 109

HomeLight

JUNE 30, 2021

If the contingency isn’t met, it usually means that you can drop out of the purchase and get your earnest money back. There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky. Source: (LinkedIn Sales Solutions / Unsplash).

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Rent back Inspection contingency Earnest money deposit Finance 104

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 Pre-approval Agents 98

HomeLight

FEBRUARY 4, 2022

Guide you through the steps of due diligence and inspections. 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. As a buyer, your agent works on your behalf. Work with you to write a compelling purchase offer. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 112

HomeLight

MARCH 2, 2023

This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. 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.

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Closing Earnest money deposit Sales Inspection 113

HomeLight

JANUARY 7, 2022

As you finalize the sale on your property with a home inspection, appraisal, and all other necessary steps, you will most likely be doing the same for your new home. We’ve talked to veteran real estate agents to build an end-to-end guide on how to buy a house while selling your own. Enclave Team. Real Estate Agent. Enclave Team.

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Equity Loans Debt-to-income ratio Closing 104

HomeLight

FEBRUARY 28, 2022

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. In the real world, however, it’s not always that easy, and you can usually expect some overlap as you navigate how to sell and buy a house at the same time.

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Equity Debt-to-income ratio Closing Loans 125

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?

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 104

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

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 98

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.

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Agents Inspection Inspection contingency Pre-approval 75

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. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title. Review your closing disclosure.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MARCH 28, 2022

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. But packing up your belongings and starting a new life in a different state, coast, or overseas on a tight deadline is no easy task. Request Offer.

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Purchase and sale agreement Equity Agents Staging 117

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).

Agents 98

Agents Inspection Inspection contingency Pre-approval 98

HomeLight

OCTOBER 5, 2020

She got her start in real estate back in 2004 and formed a small team in 2011. In this episode of The Walkthrough, you’ll meet a top agent in the red-hot Portland, Oregon, market who’s been winning bidding wars all year long — including seven straight in a single weekend! Woman: Last chance to you all, 1, 2, 3, and you win that.

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Agents Backup offer Inspection Closing 96

HomeLight

MARCH 15, 2021

In this episode of The Walkthrough, Portland agent Sarita Dua shares how she won seven straight bidding wars in a single weekend. This episode is an encore presentation of episode #33 of The Walkthrough.). SPEAKER: Matt McGee, Host). It’s the middle of March and the real estate market shows no signs of change. But what about the flip side?

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Agents Backup offer Inspection Closing 80

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 109

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. Common contingencies include an inspection contingency and an appraisal contingency. Eventually, the call comes. It depends. Price is not a priority.

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Inspection contingency Home sale contingency Pre-approval Agents 109

HomeLight

SEPTEMBER 11, 2020

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). Educate yourself about how offers work. It’s a legally binding document once it’s signed by both you and the seller. A bigger down payment?

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 98

HomeLight

JANUARY 28, 2022

These companies target homeowners in urgent or time-sensitive situations, such as an unexpected move to a care facility or a deceased family member. You don’t have time to make upgrades and repairs, and you may need the cash to move your family member. But no one wants to be taken advantage of, conned, or ripped off. “We Request Offer.

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Purchase and sale agreement Investor Agents Sales 109

HomeLight

DECEMBER 14, 2021

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? There are countless online sources where agents can purchase ads, listings, and even pay to insert testimonials.

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Pre-qualification Earnest money deposit Agents Days on market 109

HomeLight

MAY 24, 2022

Although Quinn says buyers are more likely to forgo home inspections , they are reluctant to purchase houses that need work — especially with the current challenges of finding contractors or building supplies. “The With homes still in short supply if you sell in 2022 , competition among buyers could lead to a faster, more profitable sale.

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Pre-approval Equity Agents Closing costs 98

HomeLight

FEBRUARY 28, 2021

Imagine stepping out of your quaint Colonial-style home on a crisp fall morning, as amber-colored leaves blanket the front lawn. Your Saturday morning walk along Arlington Loop , a 16-mile paved trail trek, traces the Potomac riverfront and winds through scenic neighborhoods of this Washington, D.C., on the southwestern bank of the Potomac River.

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Earnest money deposit Land Residential Inspection contingency 104