Remove Closing costs Remove Finance Remove MLS Remove Pre-qualification
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20 Home Buying Tips for First- or Second-Time Buyers

HomeLight

Tip 7: Shop on the edge of your location boundaries While an agent should create a fairly exhaustive search for prospective buyers, Wordelman says that one thing they sometimes overlook is opening up searches to MLS systems that might be right on the edge of where you want to buy. “If

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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? and the questions about how to even find a house (do you have to wait until it’s been listed on the MLS, or is there a better way?) — you’re already overwhelmed. what’s considered “overpaying” on a house?)

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Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

HomeLight

” She adds, “You need a strong pre-qualification letter from a legitimate lender, and there’s no getting around that. There is a process you must follow to get pre-approved for a mortgage. The closing costs are the second-largest chunk of money you’ll need to account for, right behind the down payment itself.

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

You can look for these homes on the multiple listing service (MLS) or on various auction sites. Most REOs are sold on the MLS,” explains Todd Miller, who worked in mortgage banking for over a decade, has purchased several REO homes, and now runs the personal finance website TightwadTodd.com. Check them often. “In

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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. Contingency.

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Selling a Home at Auction: Pros, Cons, and How to Get Started

HomeLight

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. Reduction of long-term carrying costs, such as property taxes and ongoing maintenance. Assist with the contract signing.

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What is an iBuyer? What to Know Before You Sell Your Home to One

Redfin

Additionally, there’s more certainty when you sell your house for cash , as you don’t have to worry about a buyer’s financing falling through. . Unlike a traditional sale, this allows you to close when it works best for you. What are the costs of selling a home to an iBuyer? Commission costs can vary from 4.5-7%