Realtor.com

NOVEMBER 28, 2022

. “So if you’re trying to time the purchase and sale of a home, be sure to allow enough time for the proceeds from your home sale to be in hand before you schedule your closing purchase.” The difference is that all financial documents are reviewed by an underwriter, which gets you conditionally approved for financing.

Marketing 119

Marketing Pre-approval Equity Finance 119

Redfin

SEPTEMBER 2, 2020

If you have been pre-approved for a specific amount, the house may not appraise for a higher price bidding wars often get to. 1) For real ammunition, get pre-approved for a mortgage. Smart homebuyers do their research and get pre-approved for a mortgage before beginning their house search.

Pre-approval 77

Pre-approval Loan contingency Agents Banks 77

HomeLight

AUGUST 31, 2021

The most obvious contingency with an offer that requires financing is, of course, the financing itself. 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. If sellers get paid at closing either way, why is cash better?

Due diligence 89

Due diligence Inspection Pre-approval Pre-qualification 89

HomeLight

MARCH 23, 2022

If they have underwriting approval, versus just a preapproval, they’re a much stronger buyer than someone with just a preapproval letter. Once you’re preapproved, your offer on a home is more likely to be accepted because you’ve made it further in the mortgage approval process. Only include essential contingencies.

Pre-approval 103

Pre-approval Marketing Inspection Finance 103