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The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing.

article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing.

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article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

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Handle Escalation Clauses With Care: 5 Tips for Sellers Negotiating Multiple Offers

HomeLight

If most buyers in your market are depositing $5,000 as earnest money , a $10,000 deposit indicates a strong desire for the home. Non-refundable earnest money: Roberts says making a portion of the earnest money deposit non-refundable makes it harder for the buyer to walk away if their offer is accepted.

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Tips to be a Successful Buyer During Season

Dwell Real Estate

January - April are the busiest months of the year for a Realtor and their schedules tend to fill fast between showings, inspections, closings and assisting other clients. When an offer is submitted, seller's prefer to see proof of funds and/or a pre-qualification letter to be sure they are dealing with a qualified buyer.

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How to Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more.

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