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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.

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How to Sell a House by Owner in Colorado

HomeLight

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. These include: Seller’s property disclosure (residential). Step 3: Declutter, clean, and stage your home. Or the cost of a professional, if you so choose.).

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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.

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How to Sell a House by Owner in Florida (2022 Updates)

HomeLight

Addressing any issues upfront helps buyers have peace of mind when making an offer and helps to prevent inspection-related closing delays. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Get a pre-listing appraisal.

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In the Military and Selling a House: Programs and Resources for Service Members

HomeLight

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. a reduction in “the interest rate on any pre-service loans to a maximum” of 6%. Home Loan program.

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Selling a House ‘As Is’ in Maryland

HomeLight

Maryland law requires sellers to disclose material facts about the property through the Maryland Residential Property Disclosure and Disclaimer Statement. A good time to fill out the Maryland Residential Property Disclosure and Disclaimer Statement is prior to listing your home or requesting an offer so that you know it’s taken care of.

As-is 101
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Selling a House ‘As Is’ in Illinois

HomeLight

Illinois law requires sellers to disclose material facts about the property through the Illinois Association of Realtors Residential Real Property Disclosure Report. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Consider a pre-listing inspection . Disclosures.

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