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. Waive The Home Inspection. One of the bigger stumbling blocks in any home purchase is the home inspection. Is it risky? Final Thoughts.

Purchase and sale agreement 145

Purchase and sale agreement Rent back Pre-approval Inspection 145

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title. Review your closing disclosure.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realtor.com

DECEMBER 10, 2020

In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale.

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. 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. Though you can (and should!)

Due diligence 73

Due diligence Inspection Pre-approval Pre-qualification 73

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. The conventional loan limit is much higher in Massachusetts, she explains, “so I qualified for a higher mortgage with only 5% down.” Step 9: Order an inspection.

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Inspection Title Agents Pre-approval 84

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. What you need in today’s market.

Loan Officer 52

Loan Officer Agents Rent back Loans 52

HomeLight

APRIL 19, 2021

Inspections & attorneys. Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. Sellers appreciate cash offers because of their faster timelines, as there’s no need to wait for a mortgage loan.

Earnest money deposit 60

Earnest money deposit Inspection Due diligence Agents 60