Housing Wire

FEBRUARY 19, 2025

This typically includes: Recent pay stubs Last two years tax returns Recent bank statements Proof of any additional income or assets Discuss the budget Once you have the mortgage pre-approval, have an open conversation about your client’s financial situation.

Closing

Housing Wire

AUGUST 19, 2024

While some firms — including eXp Realty , Lamacchia Realty and NextHome — are not engaging in cooperative compensation on their listings, other agents like Lindsay Pettinelli still plan to offer it if their seller agrees to it. Why would we not disclose that info in MLS? How is that protecting buyers?”

Purchase and sale agreement

HomeLight

SEPTEMBER 30, 2021

After all, the bank or institution wants to ensure they’re protecting their investment and you aren’t overpaying for your purchase. If they are unwilling to budge on price, you can also renegotiate seller concessions. If you have excellent credit, it may be easier to get pre-approved with another bank.

Pre-approval

HomeLight

FEBRUARY 19, 2023

With the multiple listing service (MLS) at their fingertips, a real estate agent can run a comparative market analysis (CMA), which will come up with an estimated selling price for a home based on three to five comparable homes in the area that have sold recently. Or perhaps there were seller concessions that weren’t included in the price.

MLS

HomeLight

NOVEMBER 23, 2022

Not having agent representation could also lead to paying more in seller concessions. However, cautions Raymond, “It’s a good start, but you also have to remember that the bank (financing a buyer’s loan) is going to do their own appraisal. Only licensed real estate agents and brokers who are MLS members can post to the MLS.

MLS

HomeLight

MAY 25, 2023

Sellers should also consider things like whether or not their HOA will allow yard signs (many don’t!) or if they can put their house on the multiple listing service (MLS). Not having agent representation could also lead to paying more in seller concessions. When you list in the MLS, you must include a buyer’s commission.

MLS

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. When you list in the MLS, you must include a buyer’s agent commission. If you choose not to list in the MLS so you can forgo the buyer’s agent commission, you’ll seriously limit the exposure your home will get.

MLS