article thumbnail

Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do I Accept the First Offer on My House, or Wait and See?

HomeLight

Even if a buyer has been pre-approved by a lender, the loan could still be denied or delayed due to a change in job status, a low home appraisal , or a dozen different reasons. According to a 2021 National Association of Realtors® survey, financing difficulties were responsible for 29% of closing delays and 10% of terminated contracts.

article thumbnail

Selling a House ‘As Is’ in Maryland

HomeLight

Average days on market for Maryland. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market.

As-is 96
article thumbnail

When Is the Best Time to Buy a House in Texas?

HomeLight

But prices tend to be lower and buyers can often get eager sellers to offer concessions , such as covering closing costs. It’s important to point out that days on market in 2022 were fewer in Q1, so, while inventory is down, buyers are still hungry. Get pre-approved to save time once you find the house you want.

Agents 86
article thumbnail

How to Sell a House by Owner in Colorado

HomeLight

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Average days on market : 46 (November 2022). Get a pre-listing appraisal. Closing costs.

article thumbnail

Selling a House ‘As Is’ in Illinois

HomeLight

Average days on market for Illinois. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Consider a pre-listing inspection . The company guides sellers through the entire process from offer to close. Fees: Sellers do not pay closing costs.

As-is 90