Realty Biz

MAY 1, 2022

When trying to compete with cash offers, getting a bank letter at your maximum loan amount is helpful. Getting a bank letter from a reputable lender is also a significant plus. Some sellers will choose the higher offer when you’ve got solid financing credentials. Cash buyers don’t have any financing issues.

Purchase and sale agreement 145

Purchase and sale agreement Rent back Pre-approval Inspection 145

HomeLight

AUGUST 31, 2021

From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. 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.

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Due diligence Inspection Pre-approval Pre-qualification 77

Real Trends

JULY 15, 2022

Also, lending guidelines are much tighter today than in previous years so banks aren’t approving risky loans to potential buyers. This could involve a quick settlement, a rent-back offer, a home inspection without repairs, or doing away with other contingencies. Access to Data.

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Loan Officer Agents Rent back Finance 52

HomeLight

APRIL 29, 2021

Federal Housing Financing Agency (FHFA). Your bank account will thank you! For example, in 2017, a competitive housing market in Western Washington prompted “serious buyers” to waive home inspections and financing contingencies. That competition between buyers pushes bid prices up, leading to higher home values.

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Marketing Sales Agents Construction 109

HomeLight

APRIL 19, 2021

Being able to afford a home in this swanky NYC borough means enjoying unparalleled access to the world’s preeminent nexus of culture, cuisine, architecture, and finance. If you’re ready to buy a house in Manhattan, congratulations! A top agent will help you remain competitive even in a cash market. Flood zones in the city?

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Earnest money deposit Inspection Due diligence Agents 62

HomeLight

JANUARY 4, 2022

According to a Q3 2021 study by ATTOM Data Solutions, all-cash home sales are at their highest level since the first quarter of 2015, with 34% of all single-family homes and condos purchased without financing. “In Who’s paying cash for houses? Reasons to sell your house for cash.

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Investor Finance Inspection Sales 98

Realtor.com

OCTOBER 29, 2020

If the appraised value is less than the sale price, the contingency enables you to back out of the deal without forfeiting your earnest money deposit , says Bishoi Nageh , president of the Petra Cephas Team at Mortgage Network Solutions, in Somerset, NJ. Any paperwork the bank required to approve your loan.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139