Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. This stage involves working closely with a mortgage lender or financial institution to assess eligibility and secure a suitable loan.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 75

The Close

SEPTEMBER 10, 2020

Sellers want to work with buyers they can trust and experience a painless closing. That means you need to open lines of communication with the listing agent to find out exactly what they need and want from the sale. Make Sure You Have a Proper Approval Letter From a Reputable Lender. Determine an Agreeable Closing Date.

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Home sale contingency Pre-approval Earnest money deposit Marketing 112

Windemere Selling

MARCH 14, 2022

If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract. As a seller, it’s important to be transparent in listing any issues with the home. Even if a buyer is pre-approved for their mortgage , they may not be able to obtain the right loan for the home.

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Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

Real Trends

AUGUST 8, 2022

Deals fall through for several reasons including the following: Issues are found during inspection: A home inspection may reveal issues with the property causing the buyer to back out. The buyer can’t sell their home : Some deals have a home sale contingency meaning the buyer will only take the house if they can sell their existing home.

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Pre-approval Inspection Title Home sale contingency 79

Windemere Buying

AUGUST 31, 2022

Imagine a home-buying scenario where you make an offer, the seller immediately accepts, and the two of you move through closing without any hiccups until you have keys in hand. Also known as a “mortgage contingency,” a financing contingency gives the buyer a specified period of time to secure adequate financing to purchase the home.

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Home sale contingency Inspection contingency Title Pre-approval 52

HomeLight

NOVEMBER 9, 2021

During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. This means, using the conventional process, you can generally sell your home in as little as 48-75 days. Direct Buyer (Simple Sale).

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Purchase and sale agreement Home sale contingency Title search Inspection 86

First Team Real Estate

DECEMBER 7, 2020

Speed primarily revolves around the closing date , but there are a couple of other aspects to think about. We’ll begin with the most apparent: What is the closing date– and does it match up with your ideal timeline? This one is quite obvious– when does the home buyer want to close on the house?

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HomeLight

JANUARY 3, 2023

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado. That 6% is deducted from the seller’s proceeds at closing.

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HomeLight

MARCH 31, 2022

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Florida. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title MLS 92

HomeLight

JUNE 17, 2022

You’re selling a home that is in demand. If your house is one of the few homes currently being sold in a coveted location like along a waterfront, within a top-performing school district, or close to desirable amenities, or if it’s a popular style, then buyers will usually expect to pay a higher price.

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Inspection Pre-approval Inspection contingency Renovation 106

HomeLight

DECEMBER 8, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

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Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

JUNE 23, 2022

It is usually held in the broker’s or title company’s trust or escrow account until closing. The earnest money typically goes towards the buyer’s down payment or closing costs. It is refunded to the buyer only upon certain contingencies specified in the contract. Single Family Homes. Kelly Allen. Real Estate Agent.

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 108

HomeLight

MARCH 21, 2022

Reduce the stress of selling by requesting a cash offer from HomeLight’s Simple Sale platform today. In as little as 48 hours, we’ll send over a competitive offer with the ability to close in as few as 10 days. Different companies offer different amounts for homes, but the price discount can be steep. Request Offer.

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Closing costs Home sale contingency Investor Closing 96

HomeLight

JUNE 30, 2021

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 83

Real Trends

FEBRUARY 27, 2023

New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. They don’t take resale listings, and they won’t take a home sale contingency. This means they know who has a home to sell before they can close on the new one!

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Marketing MLS Pre-approval Home sale contingency 94

HomeLight

MARCH 13, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. 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.

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Sales Investor Due diligence Renovation 82

HomeLight

APRIL 21, 2022

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Depending on your selling circumstances, a cash offer from HomeLight’s Simple Sale platform may be the solution you need for a quick, confident sale.

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Inspection contingency Home sale contingency Pre-approval Agents 107

HomeLight

NOVEMBER 21, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. Note: Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement MLS Pre-approval Agents 77

HomeLight

APRIL 26, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. If you don’t have the time or expertise to list your home FSBO, partner with a trusted, top agent in your Alabama market. If a pop-up with your home’s specs appears, close it.

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MLS Agents Sales Proof of funds 69

HomeLight

APRIL 29, 2022

HomeLight offers: Agent Match : Analyzes millions of home sales, thousands of reviews, and other factors, including a real estate agent’s sale-to-list price ratio and how that maps to local price trends to put more money in your wallet at closing. Trade-In allows you to close and move on your timeline.

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