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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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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

Sometimes you’ll even find grants to help you with closing costs and down payments. Our America’s Home Grant program offers credits for closing costs, and Our Down Payment Grant covers down payments. Get preapproved for a loan at this stage. At this stage, you should already be preapproved. Sound great?

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42 Steps to Homeownership: The Resourceful Buyer’s Go-To Guide

HomeLight

Some savings you can use toward a down payment and closing costs? While you’re in the preparation stages of buying a home, it’s a good idea to spend some time in the neighborhoods you might end up in. Estimate your down payment and closing costs. Buyers with strong credit and qualifications. Don’t we all?

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

Redfin

You’ll be able to forgo tasks like staging your home, upgrading your curb appeal, or scheduling any maintenance on your home. Commission costs can vary from 4.5-7% You may also be expected to pay closing costs which can range from 2-5% of the home’s sale price. 7% of the final sale price of your home.

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Bridge Loans in Ohio: Smart Equity Use to Buy Before You Sell

HomeLight

This equity is then used to provide you with the necessary funds to make a down payment and handle closing costs on your new home in Ohio. How a bridge loan unfolds: You can use the equity from your existing house to cover the down payment and closing costs of your new home. More on loan costs below.)

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This Checklist and Timeline Is Your GPS for Buying a House

HomeLight

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. Get Your Timeline for Buying a House.

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How to Get Preapproved For A Mortgage: Loan Approval Explained

Realty Biz

As such, this qualification process will only give you a rough idea of the size of mortgage you can get. The Mortgage Pre-approval Process. The first stage of the preapproval process is finding a lender to give you a good deal on your mortgage. This reduces the chances that the sale will fall apart due to financing problems.

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