HomeLight

AUGUST 31, 2021

submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Updated 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.

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Due diligence Inspection Pre-approval Pre-qualification 80

Redfin

JULY 28, 2020

The decision to do so should be made carefully with the guidance of a trusted real estate agent, who can also advise on the possibility of doing a pre-inspection before submitting an offer. A pre-inspection allows a homebuyer to learn about any potential issues a home might have before making an offer without the inspection contingency.

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Redfin

JULY 30, 2020

In New York City, some sellers aren’t even allowing buyers into their homes until they’ve been pre-approved for a mortgage, according to local Redfin agent Martin Freiman. . 45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Where in the building is the unit?

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 73

HomeLight

MAY 24, 2021

Our expert-backed guide is here to help. A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Your budget is $300,000. Perfect match, right?

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Pre-qualification Pre-approval Purchase and sale agreement Loans 107

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 91

Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title. Review your closing disclosure.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MAY 24, 2022

By waiting, you risk increasing interest rates that limit the number of qualified buyers as well as the size mortgage that lenders will approve. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process. Read on for the reasons why 2022 might be the year to make your move.

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HomeLight

FEBRUARY 25, 2022

While everyone wants to make money when they sell, you might have other goals — selling quickly due to a relocation, or getting a rent back period. An agent’s commission is often the most expensive cost for home sellers, so it’s common for sellers to try to save money on commission. What is Ideal Agent? What is Ideal Agent?

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Agents Pre-approval Loans Sales 89

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. Eventually, the call comes. Should you take the first offer on your house? It depends. Here are a few: It’s an all-cash offer with no lender involved.

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Inspection contingency Home sale contingency Pre-approval Agents 108

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 115

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 74

HomeLight

MARCH 2, 2023

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. This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. Looking to Buy Your Dream Home in San Diego?

Closing 96

Closing Earnest money deposit Sales Inspection 96

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