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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. You may likely be asked to sign a buyer's agency agreement. Maximum Real Estate Exposure is an insightful resource for explaining buyer agency agreements. What is a Buyer's Agent Agreement?

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

It’s the first financial move you’ll make in securing your new home purchase. Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. Let’s jump in! Property taxes.

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Get Ahead of Appraiser Required Repairs: How Sellers Can Avoid the Most Common Closing Killers

HomeLight

Even before you decided to put your home up for sale, you probably knew making minor repairs and sprucing up your home would increase the chances of attracting the right buyers and getting a great offer. So how can you know what kind of repair issues could potentially derail a sale — before you even have an offer?

Closing 98
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How Long Does It Take to Close on a House From Start to Finish?

HomeLight

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March.

Closing 108
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Your Top 11 Questions About Down Payments, Answered (Including: What’s an Average Down Payment?)

HomeLight

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. FHA loans. A Federal Housing Administration (FHA) loan is a government-backed mortgage loan. USDA loans. Home loan benefits and housing programs offered through the U.S.

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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. Source: (LinkedIn Sales Solutions / Unsplash). Bank of America has two national DPA programs. You can qualify for loans with as little as 3.5% Step 1: Make sure you qualify.

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How to Buy a Preforeclosure Successfully: A 13-Step Beginner’s Guide

HomeLight

The lender has started foreclosure proceedings, but the house isn’t owned by the bank yet, and the owner still has a chance to catch up on payments. This means you might be able to get a discount on the house, but you’re dealing with a homeowner, not a bank — and that owner might not want to sell. (In Step 3: Find your house.