Remove Closing costs Remove Due diligence Remove Inspection Remove Pre-qualification
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What’s the Deal with Making a Cash Offer on a House?

HomeLight

submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender. The inspection.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. Find a HUD-approved agent.

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How to Sell a House by Owner in New Jersey

HomeLight

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Murphy says some New Jersey towns offer full-day pre-K. Yet after the home inspection, they’ll ask the seller to fix the items even though the price reduction took them into account. List your home online.

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

The Close

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. 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.