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9 expert tips to close real estate deals faster & easier

Housing Wire

Pre-qualify your leads Honing your pre-qualification process will save you time and energy by ensuring youre focusing on potential clients who are ready, willing and able to buy or sell soon. Since our income is (usually) tied directly to closings, many real estate agents wonder how to close deals faster. When is your lease up?

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How Fast Can You Get Pre-Approved for a Home Loan?

Redfin

Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? Why it matters: It helps you set a realistic budget.

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9 Buyer Agent Mistakes That Are Killing Deals (and Your Reputation)

BAM Media

If the MLS says “Include pre-approval and buyer financials,” don’t just send over an agreement with nothing attached. I’ve literally received ATM receipts as proof of funds. And if you’re guilty of even one of them, it’s probably costing you listings, referrals , and repeat business. Let’s fix that.

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Can a Seller Keep the Earnest Money Deposit? Yes – Here’s When

Redfin

Failing to deliver required documents (like updated proof of funds or loan pre-approval) by the contract deadlines. They switch lenders mid-process and fail to notify the seller, which delays the loan approval and causes them to miss the financing deadline.

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How Long Does It Take to Buy a House?

Redfin

If a buyer has the cash available and provides proof of the funds, buying a house with an all-cash offer can happen in as little as two weeks. Since there isn’t a mortgage involved, the seller will be required to request proof of funds and earnest money. Many homeowners think they need a 20% down payment to buy a home.

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23 Common First-Time Homebuyer Questions: Your Questions Answered

Redfin

Emergency fund: It’s wise to have 3-6 months’ worth of living expenses for unexpected costs. Buying your first home is an exciting milestone, from browsing listings on Redfin and touring open houses to imagining life in your new space. But the buying process also raises plenty of questions, and that’s totally normal.

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What to Know About Buying a Home For The First Time

Rochester Real Estate

A pre-approval letter must be included, and proof of funds can also help in a seller’s market. Final Loan Approval Before you close on the home, avoid making any changes to your finances that could undermine your approval. Buying a house is exciting, especially when doing it for the first time.