HomeLight

AUGUST 27, 2021

Closing on your dream home should be a time of excitement and joy. Source: (Conscious Design / Unsplash). And after taking into account the purchase price, you still have to figure in closing costs, inspections, and other expenses. Understand the closing costs (and roughly how much they’ll be).

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HomeLight

MARCH 23, 2021

There are also separate designations and certifications that allow agents to work with specific buyers (or sellers) or work toward a particular real estate need, similar to how doctors and lawyers have different classifications. When the offer is accepted and a closing date is set, your agent becomes a traffic cop of sorts.

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Redfin

MARCH 2, 2023

If the appraisal comes in lower than the agreed-upon purchase price, the buyer may not be able to obtain financing for the full amount, and may have to pay the difference out of pocket or renegotiate the terms of the sale. Purpose: The purpose of an appraisal contingency is to protect the buyer from overpaying for the property.

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HomeLight

MARCH 30, 2021

Line up your financing. Prequalification usually just means that a mortgage professional takes a look at your finances (assets, income, and other debt) and gives you an estimate of the loan amount you may be able to afford. In some cases, you might be able to ask the seller to make repairs in regards to the inspection.

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HomeLight

AUGUST 16, 2021

There are a few different types of as-is designations, and what as-is really means varies by designation. Your lender may require the house to meet certain livability standards, so you might not be able to get financing for an as-is home. Get an inspection before you make an offer. Add an inspection contingency.

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HomeLight

MAY 28, 2021

A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home. For example, let’s say a tree crashes through a window or the roof sometime after you and the seller signed the contract but before the closing. Financing considerations for an as-is purchase.

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HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. Barrett Spray Real Estate Agent Close Barrett Spray Real Estate Agent at Keller Williams 5.0 Need to Sell Your House Fast in Orlando?

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HomeLight

DECEMBER 29, 2021

Whenever a buyer is financing the purchase of a home or refinancing a mortgage , an appraisal of the property is required in order to assure the lender that the value of the property matches the amount of the loan, according to the Appraisal Institute , the nation’s largest professional association of real estate appraisers.

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HomeLight

FEBRUARY 28, 2021

What if you could live in a Norman Rockwell painting, a slice of Americana closely tied to our nation’s capital? To help you close the deal on a home that fits your budget and lifestyle, we’ve put together this comprehensive guide with expert advice and insights from area real estate professionals. Others are leaving Washington, D.C.,

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HomeLight

NOVEMBER 29, 2021

If you follow interior design trends, you may want to stage and style your home yourself. The flat fee company posts the listing on the MLS, and the seller is responsible for showing their home, negotiating with either the buyer or the buyer’s agent, and managing the closing timeline. inspection and loan contingency time frames.

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HomeLight

DECEMBER 23, 2021

National codes, such as the National Electric Code (NEC), oversee electrical design, installation, and inspection. A title company will discover any liens or title defects, which must be resolved before closing, and a home inspector will note anything that’s a defect. Can code violations reduce your buyer pool?

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HomeLight

OCTOBER 29, 2021

While you won’t necessarily need a 20% down payment to get into your first home, you might be surprised at some of the expenses that crop up both before and after closing. Then you’ll have to pay closing costs, including appraisal and inspection costs (and don’t expect the seller to chip in — more on that later!).

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Marco Santarelli

AUGUST 2, 2020

percent and closed sales were down 1.1 The third week of June closed with a median sale price of $700,000 for a 3% week-over-week gain. About 1 percent of Redfin customers waived either a financing or inspection contingency last month. Closed sales dropped by 46.4% percent to $280,000 for the year 2019.

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