Marco Santarelli

AUGUST 16, 2024

A structurally unsound building can quickly become a money pit, negating any initial cost savings. Factor in all costs: The purchase price is just the tip of the iceberg. Consider closing costs, potential renovations, carrying costs like property taxes, insurance, and potential vacancies.

Due diligence 52

Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Inspection contingency 111

Windemere Buying

FEBRUARY 28, 2022

After preliminary stages like getting pre-approved , searching for homes, and finding a buyer’s agent , various contracts and buyer-seller agreements will enter the fold as the purchase of a home is finalized. The funds and documents are held by a third party “in escrow” until the terms of the agreement have been filled.

Purchase and sale agreement 52

Purchase and sale agreement Pre-approval Closing costs Staging 52

Windemere Buying

JUNE 22, 2022

Sellers will typically request alterations like a higher price, a modification to your contingencies , or an adjustment of closing dates. You can accept or reject the counteroffer or come back with a counteroffer of your own, which may continue for multiple rounds until the two parties reach an agreement. Now you’re ready to close!

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Backup offer Seller concession 52

Redfin

AUGUST 21, 2020

Purchasing your first home is a big move. For some, it represents the independence they’ve been striving for, while others see their home purchase as a path to financial security and a way to create a safe haven for their family. . This information is a standard requirement for a real estate agent’s listing agreement.

Pre-approval 78

Pre-approval Purchase and sale agreement Inspection Title 78

Redfin

SEPTEMBER 17, 2020

Hiring an agent to help you find a house and negotiate its purchase is well worth the cost, especially in a competitive market. In a buyer’s market, there are more homes listed for sale than there are homebuyers. 5 things you can negotiate when purchasing a home. Mortgage loan points or purchase price .

Pre-approval 71

Pre-approval Purchase and sale agreement Closing costs Inspection 71

Redfin

MARCH 3, 2022

But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. How to remedy the situation.

Closing 63

Closing Title search Purchase and sale agreement Title 63

Realty Biz

AUGUST 2, 2023

Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. Setting the Right Price for a Quick Sale When selling your home quickly, one of the most critical factors is setting the right price. Overcoming common challenges is also vital.

Purchase and sale agreement 93

Purchase and sale agreement Title Staging Inspection 93

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

VA loan 95

VA loan Purchase and sale agreement Short sale Pre-approval 95

HomeLight

AUGUST 16, 2021

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. Some savings you can use toward a down payment and closing costs? The higher your score, the more likely you’ll be approved for a mortgage, and the better rate you’ll be offered. Estimate your down payment and closing costs.

Closing costs 105

Closing costs Purchase and sale agreement Inspection Loans 105

Redfin

JUNE 29, 2023

Michigan housing market insights The housing market in Michigan continues to show increased median sale prices. As of recent data, the median sale price stands at $252,200, reflecting a 1.6% Additionally, the number of homes available for sale has declined, down 8.3% year-over-year increase. year-over-year.

Pre-approval 47

Pre-approval Purchase and sale agreement FHA loan Closing costs 47

Redfin

AUGUST 3, 2023

Despite this shifting demand, the median sale price has continued its steady ascent, increasing by 1.3% Using tools like a cost of living calculator will aid you on your journey and point you to which cities align with your needs. year-over-year. compared to the previous year.

Purchase and sale agreement 50

Purchase and sale agreement Pre-approval Debt-to-income ratio Loans 50

Dwell Real Estate

JULY 10, 2020

In the Sarasota area, home buyers will usually put down anywhere from 1 to 5 of the real estate purchase price as earnest money. (If An earnest money deposit tells a seller that the buyer is serious about closing. Earnest money remains in an escrow account or with the title company until the real estate sale closes.

Earnest money deposit 40

Earnest money deposit Inspection contingency Purchase and sale agreement Pre-approval 40

Dwell Real Estate

JULY 10, 2020

In the Sarasota area, home buyers will usually put down anywhere from 1% to 5% of the real estate purchase price as earnest money. (If An earnest money deposit tells a seller that the buyer is serious about closing. Earnest money remains in an escrow account or with the title company until the real estate sale closes.

Earnest money deposit 40

Earnest money deposit Inspection contingency Purchase and sale agreement Pre-approval 40

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. It's advisable to reach out to multiple lenders and obtain pre-approval.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

The Close

SEPTEMBER 2, 2020

8 How do I get approved for a loan? 17 What is the home sale process? 29 What is title insurance? 36 What are five low-cost things you can do to get more money for your house? 37 How does an agent come up with the sales price? 39 How much are closing costs? 52 How long should a listing agreement last?

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Purchase and sale agreement Renovation VA loan Pre-approval 124

HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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Purchase and sale agreement Inspection Title Pre-approval 116

HomeLight

JUNE 23, 2022

In many cases, if a homebuyer wants to back out of a contract and retrieve their earnest money, they’ll be able to find a way to do so within the confines of the real estate purchase contract. The typical amount is around 1% of the purchase price (ex. $5k 5k for a $500K home). Is earnest money refundable?

Earnest money deposit 111

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 111

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Receive your offer within a week and close in as little as 10 days.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

JUNE 30, 2021

There’s more that goes into making an offer besides landing on a purchase price. Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. Lenders can also approve you for different loan amounts, give you different interest rates, and charge varying fees.

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Purchase and sale agreement Inspection contingency Inspection Home sale contingency 98

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). Be ready to pay closing costs, which could be up to 5% of the price of the house. Those funds are due on closing day. In a hot market, sellers are less likely to pay toward a buyer’s closing costs, she notes. Source: (Shopify Partners / Burst).

Pre-approval 98

Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

NOVEMBER 7, 2022

Whether or not you’ll want to push back or negotiate with the buyer will depend on hyperlocal, recent sales trends, so consult your Realtor® to discern promising offers and know what latitude market conditions may or may not allow. Cost to sell a house in Houston. Prepping your home for sale. Home repairs: $500 to $45,000.

Seller concession 104

Seller concession Purchase and sale agreement Closing costs Inspection 104

HomeLight

SEPTEMBER 13, 2022

This means the buyer and seller have a pre-existing relationship of some kind (i.e. If the IRS decides to audit the transaction, then you’ll have documentation to prove your home’s fair market value at the time of the sale. Sign a purchase agreement. Closing timeline. Closing costs , and who will be paying them.

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Purchase and sale agreement Title Title search Finance 111

HomeLight

DECEMBER 7, 2021

Source: (LinkedIn Sales Solutions / Unsplash). Usually, it’s the buyer, but the seller may schedule a pre-inspection before listing the home. The buyer’s agent will help the buyer understand the inspection report and decide whether to buy the house, ask for repairs, or cancel the purchase contract based on the inspection findings.

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Inspection Purchase and sale agreement Pre-approval Closing 105

Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. If something is wrong, you can request that it be fixed—or you can back out of the sale.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

OCTOBER 20, 2022

End-of-year listings have historically garnered the highest sales prices in the Austin market. An experienced real estate agent can assist you with preparing your home for sale as well as provide expert guidance on the best time to list your home on the market. Cost to sell a house in Austin. Prepping your home for sale.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Inspection 110

HomeLight

AUGUST 12, 2022

On the flip side, some buyers in today’s seller’s market are trying so hard to compete that they submit an as-is offer indicating their willingness to purchase the property without expecting the seller to make changes. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

As-is 111

As-is Purchase and sale agreement Investor Inspection 111

HomeLight

JUNE 14, 2022

That part’s decided; now it’s time for you to determine the cost to sell a house in Chicago. Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. Closing costs.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Title 110

HomeLight

FEBRUARY 8, 2023

Instead, she says it’s best to price a home at the market value to attract more buyers, and then multiple bids could potentially drive up the ultimate sale price. Once you’ve accepted an offer on your New York State home, you’ll have to deduct all of the expenses associated with the sale to arrive at your total proceeds.

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Purchase and sale agreement Inspection Investor Agents 105

HomeLight

AUGUST 16, 2021

As Richie Helali , mortgage sales leader at HomeLight Loans explains “You have to actually report the income. Smaller issues like court judgments can also result in not getting your mortgage approved. Closing costs. Closing Disclosure. The Closing Disclosure outlines the details of your loan.

Loans 105

Loans Mortgages Bankruptcy Purchase and sale agreement 105

Redfin

AUGUST 3, 2022

Homeownership offers stability and a sense of security and safety, but the process of making the biggest purchase of your life can seem overwhelming. Research mortgage options and get pre-approved for a home loan. Once you have selected a lender you want to use and before you start looking at homes, get a mortgage pre-approval.

Pre-approval 76

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 76

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 102

Purchase and sale agreement MLS Pre-approval Agents 102

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 103

Purchase and sale agreement MLS Pre-approval Agents 103

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Iowa are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow). Get Estimate.

MLS 111

MLS Purchase and sale agreement Pre-approval Agents 111

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

OCTOBER 14, 2022

When the time comes to move, some tenacious homeowners in Pennsylvania are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in the last few years — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow).

Purchase and sale agreement 110

Purchase and sale agreement MLS Seller disclosure Agents 110

HomeLight

MAY 26, 2021

You’ve finally decided to purchase your first home and you have your sights set on a place in the city! You can purchase or sell shares at any price in the market, and you build equity (or make money off a sale) just like a normal transaction with a condo or single-family home. Source: (LinkedIn Sales Solutions / Unsplash).

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Purchase and sale agreement Pre-approval Equity Debt-to-income ratio 105