Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Give your loan officer full disclosure from the start – tell us everything.

Closing 62

Closing Title search Purchase and sale agreement Title 62

HomeLight

NOVEMBER 9, 2021

A buyer using a mortgage will most likely include the following contingencies (all of which have deadlines): Inspection contingency (note: this one is optional and buyers can choose to waive it). Appraisal contingency. Home sale contingency. Mortgage contingency. A title search can take up to 14 days.

Purchase and sale agreement 86

Purchase and sale agreement Home sale contingency Title search Inspection 86

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer the question, “What is a bridge loan?” If you need assistance navigating the use of a bridge loan, HomeLight always encourages you to reach out to your own advisor. Get Started What is a bridge loan, in simple words?

Loans 74

Loans Debt-to-income ratio Equity Finance 74

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer questions about bridge loans in California and is intended for educational purposes, not financial advice. If you need assistance navigating the use of a bridge loan in California, HomeLight always encourages you to reach out to your own advisor.

Equity 81

Equity Loans Debt-to-income ratio Finance 81

HomeLight

JANUARY 13, 2022

However, your mortgage lender will not loan you more money than a house is worth, so if the appraisal determines that the sales price is higher than the home’s actual value, as the buyer, you’ll need to be prepared to come up with the money to make up any difference. Home sale contingencies.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 77

HomeLight

APRIL 15, 2022

The little “i” for “instant” is descriptive of the fast cash offers these operations are able to make on homes. Buying a house from an iBuyer is not much different than buying a home the traditional way. Before even starting to shop, take the time to figure out what you can afford and get preapproved for a home loan.

Title 84

Title House Flipping Title search Sales 84

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Don’t worry: You will be refunded any extra.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. You offer the owner $200 but explain you don’t have the cash with you and that you need to run by the bank. An inspection contingency.

Purchase and sale agreement 95

Purchase and sale agreement Home sale contingency Sales Inspection contingency 95

HomeLight

MARCH 21, 2022

Generally trade-in companies will offer to buy your current home, freeing up your funds to buy a new home and removing the need for a home sale contingency. Example home trade-in companies: HomeLight Trade-In. Some home-buying companies focus on purchasing houses in specific regions, states, and cities.

Closing costs 95

Closing costs Home sale contingency Investor Closing 95

HomeLight

JULY 31, 2022

Once you’ve zeroed in on a few different lenders, apply for preapproval or prequalification with each and compare the loans they are offering to see what works best for your situation. This is where you’ll make your offer on the price of the home along with how you’ll pay it — cash, a mortgage loan, or seller financing.

Earnest money deposit 89

Earnest money deposit Agents Purchase and sale agreement Title 89

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Because it’s fast.

Closing 111

Closing Inspection contingency Title search Purchase and sale agreement 111

HomeLight

JANUARY 4, 2022

Fifty-seven percent of agents have seen buyers leverage their own retirement or securities funds, 49% have seen buyers take out a home equity loan or home equity line of credit, and 38% have seen buyers receive short-term loans from family members in order to buy a house with cash. They need an out immediately.”.

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Investor Finance Inspection Sales 98

HomeLight

MARCH 13, 2023

If you paid top dollar for your Orlando home and need to sell before you intended due to a change of life circumstances such as divorce or lost job, you might have little or no equity which makes it difficult to take the traditional sales route. That’s the ease of Simple Sale! The seller and buyer agree on a price and terms.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

APRIL 26, 2023

A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. You don’t want to find out two days before closing that the loan didn’t come through and the deal falls apart after you’ve already moved out of your house.

MLS 68

MLS Agents Sales Proof of funds 68

HomeLight

NOVEMBER 21, 2022

“To make your home competitive with the rest of the homes and the rest of the inventory, I recommend doing so,” she says. However, Richter cautions FSBO sellers that private appraisals may differ from bank appraisals. “I Or their employment or financial situation might have changed, thus affecting their ability to get a loan.

Purchase and sale agreement 76

Purchase and sale agreement MLS Pre-approval Agents 76