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 94

Pre-approval Seller concession Finance Banks 94

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. Delayed approvals from Homeowners Associations. Clouds on the title.

Closing 62

Closing Title search Purchase and sale agreement Title 62

Realty Biz

JANUARY 19, 2024

Start by gathering all relevant financial documents, such as bank statements, tax returns, and pay stubs. This documentation will be necessary when applying for a mortgage pre-approval. It's advisable to reach out to multiple lenders and obtain pre-approval. Next, examine your credit score and history.

Debt-to-income ratio 101

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 101

HomeLight

MAY 25, 2023

Not having agent representation could also lead to paying more in seller concessions. Richter cautions FSBO sellers that private appraisals may differ from bank appraisals. “I Property condition disclosure In North Carolina, sellers are required by law to disclose the full condition of the home to the buyer.

MLS 83

MLS Pre-approval Agents Sales 83

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. 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.

Purchase and sale agreement 76

Purchase and sale agreement MLS Pre-approval Agents 76

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. 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. Require everything in writing. See the next step!)

MLS 68

MLS Agents Sales Proof of funds 68

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. Working with a buyer whose bank is short on appraisers, which can really slow down a deal.

MLS 82

MLS Agents Sales Closing 82