HomeLight

NOVEMBER 23, 2022

You may also want to learn what issues appraisers for government-backed loans will flag and which could delay closing (for example, lack of GFCI outlets) and take care of those things ahead of time. “We So keep in mind that your own appraisal is not a guarantee of how much a buyer will pay, nor how much a bank will approve.

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MLS Agents Sales Closing 82

HomeLight

MAY 25, 2023

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. I tend to see that those come in much lower than actual market value,” says Richter.

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MLS Pre-approval Agents Sales 84

HomeLight

NOVEMBER 21, 2022

However, Richter cautions FSBO sellers that private appraisals may differ from bank appraisals. “I Buyers may get pre-approved for a mortgage at the click of a button on a website, but might not have submitted the documentation. I tend to see that those come in much lower than actual market value,” says Richter.

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Purchase and sale agreement MLS Pre-approval Agents 76

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. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with.

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MLS Agents Sales Proof of funds 68

HomeLight

NOVEMBER 21, 2022

In addition, Johnson explains, “You need to know that the loan is good, or they have the cash in the bank if they’re paying cash.”. Here are key considerations when considering an offer on your Louisiana home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds.

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MLS Agents Sales Land 86