The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. We’ll share our strategies to improve your offer by reducing the negative aspects of financing while creatively solving some of the other concerns a seller may have.

Rent back 104

Rent back Closing costs Finance Agents 104

HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. There’s no financing contingency.

Due diligence 76

Due diligence Inspection Pre-approval Pre-qualification 76

The Close

FEBRUARY 6, 2024

The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. For example, many agents ask sellers to cover closing costs for their buyer clients.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

APRIL 19, 2021

Being able to afford a home in this swanky NYC borough means enjoying unparalleled access to the world’s preeminent nexus of culture, cuisine, architecture, and finance. Closing costs can range from 2.5% Sellers appreciate cash offers because of their faster timelines, as there’s no need to wait for a mortgage loan.

Earnest money deposit 62

Earnest money deposit Inspection Due diligence Agents 62

HomeLight

JANUARY 4, 2022

According to a Q3 2021 study by ATTOM Data Solutions, all-cash home sales are at their highest level since the first quarter of 2015, with 34% of all single-family homes and condos purchased without financing. “In This can be a huge benefit for a seller who is facing foreclosure or needs the funds to close quickly on their next house.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

MARCH 2, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor. “The

Closing 91

Closing Earnest money deposit Sales Inspection 91

HomeLight

MARCH 20, 2023

After all, few people can afford to hold two mortgages. Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. A home sale contingency is great for the buyer; it reduces their risk of holding two mortgages at the same time. Mortgage interest rates are high or rising.

Home sale contingency 89

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 89