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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

To get the best rate for your situation, be sure to look closely at each type of mortgage. Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process.

Mortgages 102
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How Long Does It Take to Buy a House?

Realtor.com

Step 1: Getting mortgage pre-approval. Step 3: Closing the deal. Still other buyers might also be home sellers who first need to close on the sale of their old house before they can buy their next house. Step 1: Get pre-approved for a mortgage. Step 3: Prepare for closing day. Step 2: Finding the right home.

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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? The platform also has virtual 3D home tours and interactive floor plans for an immersive experience of a home for sale. what’s considered “overpaying” on a house?) Realtor.com. Facebook Marketplace.

Closing 87
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What’s the Deal with Making a Cash Offer on a House?

HomeLight

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Updated August 31, 2021.

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale? In the market for a “ real estate owned” property ? Source: (Andre W.

Banks 103
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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Buying a HUD home isn’t like traditional home sales. Get pre-qualified with a mortgage lender.

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Bidding Wars Galore: Tips to Make Your Offer Competitive

Dwell Real Estate

You’ll likely face competition from at least one other buyer (if not more), and it will be up to the seller to decide who can best close the deal. Although historically low interest rates have sparked buying activity recently, some neighborhoods are always sought-after and attract multiple offers whenever a home comes up for sale.