HomeLight

MAY 24, 2021

Home sales have skyrocketed, and home inventory is historically low. A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Perfect match, right?

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Pre-qualification Pre-approval Purchase and sale agreement Loans 100

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). The biggest amount of cash you’ll need at closing is the down payment. 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. The shopping stage (1 to 6 months before purchase).

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Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

AUGUST 16, 2021

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. Some savings you can use toward a down payment and closing costs? Estimate your down payment and closing costs. As for closing costs, they can add up to between 2% and 5% of the loan amount. 42 steps to buying a house.

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Closing costs Purchase and sale agreement Inspection Loans 103

Toronto Realty Blog

MAY 17, 2023

On Monday, I told a story about the worst experience of my career, which saw me lose a listing in the most brutal of ways: by watching a “FOR SALE” sign for another agent, hammered into the lawn as I stood there with a buyer, on the very morning that I was supposed to sign the listing paperwork. This was a new one.

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Purchase and sale agreement Inspection Closing Agents 83

HomeLight

APRIL 29, 2022

To join, agents also have to meet certain qualifications, like maintaining active licenses and showing no civil judgments against them in the previous seven years. Typically, sellers are required to disclose known material defects with their properties — particularly issues that may not show up on a pre-purchase inspection.

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Agents Purchase and sale agreement Pre-qualification Seller disclosure 81

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Pre-approval Agents 73

HomeLight

AUGUST 31, 2021

We talked to agents, builders, and other top industry experts to develop this guide that’ll help you make the most out of working with an agent on your new-home purchase and to find out what they can do for you. They’ll be able to tell you if you’re getting ripped off on the sale price or if a builder overcharges you on granite countertops.

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Agents New Construction Purchase and sale agreement Construction 124

Toronto Realty Blog

MARCH 25, 2022

The group also wants first-time homebuyers to have access to mortgage terms of up to 30 years for insured mortgages and recommended making mortgage qualification stress tests consistent for both insured and uninsured mortgages, setting the stress test level to two percentage points above the contract rate. “To March 24, 2022.

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Purchase and sale agreement Construction Pre-approval Development 78