Realty Biz

MAY 16, 2021

“Timing a purchase and sale is incredibly difficult in most markets but especially when most sellers won’t accept an offer contingent on the sale of the buyer’s home,” he said of the reality of today’s market. If the buyer doesn’t want to give the seller a rent-back, they just won’t get their offer accepted.”.

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Purchase and sale agreement Rent back Sales As-is 74

Realty Biz

JULY 7, 2021

There may not be enough houses on the market right now, but more are coming on the market every day. It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. When the market demands it, your highest offer should be at the high end of the market analysis.

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Inspection contingency Marketing Inspection Rent back 88

HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

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Rent back Purchase and sale agreement Closing Renovation 97

Realtor.com

DECEMBER 10, 2020

In this market, trying to negotiate a sales price probably won’t get you far.”. But even in a seller’s market, there are myriad opportunities to negotiate, from requesting home repairs to offering a speedy closing. Time to close. Pay close attention to the needs of the seller in regard to timelines,” Arienti says.

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Closing costs Inspection Closing Rent back 142

Redfin

MAY 7, 2021

Homeowners in a seller’s market face a conundrum. You can expect high prices in a competitive housing market where homes are selling in record time. Here are six options to consider when deciding on selling and buying in a seller’s market. 6 options for selling and buying in a seller’s market.

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Purchase and sale agreement Marketing Equity Loans 79

Redfin

FEBRUARY 2, 2021

What is a Seller’s Market? A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. How has the pandemic affected the market?

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 65

Windemere Selling

JUNE 14, 2021

Talk to your agent about real estate trends in your local market to understand which housing options tend to be available at certain times of year. If your home is still on the market, understand that a fully staged home will be fundamentally different from the one you’re used to.

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Rent back Staging Closing Agents 52

The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. Here are the top 10 that have helped my team successfully beat out cash offers—yes, even in this red hot market. We are not offering legal advice. Here’s how it works.

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Rent back Closing costs Finance Agents 104

RIS Media

APRIL 18, 2022

Take time to understand the current housing market. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market? Is it a buyer’s market or a seller’s market? All real estate is local, after all.

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Pre-approval Backup offer Due diligence Rent back 119

First Team Real Estate

MAY 25, 2021

Southern California home prices hit an all-time high this April as the hot seller’s market got even hotter. Bidding wars are extremely common across the Southern California housing market as tons of buyers compete for limited inventory , helping to drive up median prices. Becky Beavers of DQNews says the 20.2%

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Rent back Closing costs Sales Mortgages 98

The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. That’s not including the luxury market—the median sold price in my area in Florida is around $300,000. That could be a pretty sizable chunk of money from the seller’s profit.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

Windemere Selling

SEPTEMBER 1, 2021

Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in. Do I buy or sell first?

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Purchase and sale agreement Rent back Loans Agents 52

Redfin

MAY 27, 2021

It’s no secret that the US housing market is fiercely competitive right now, with homes selling faster and for more money than pre-pandemic levels. In the super hot Seattle housing market , the best offers have an escalation increment to show how willing the buyers are to increase their offer.

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Agents Rent back Inspection Closing 65

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Depends on how motivated the buyers are and how well educated they are to the proclivities of the market. This market is unlike any prior one, there are buyers that must and will buy a home.

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Due diligence Rent back Inspection Agents 52

HomeLight

APRIL 29, 2021

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. “Sellers don’t always understand the condition that their property should be in bringing onto the market,” says Thompson. Closing can take more than a month. Landscaping: 100 %. Garage door: 94%.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 92

HomeLight

MARCH 31, 2022

leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. You generally see those in a normal market.”

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 80

Real Trends

MARCH 3, 2022

No matter how much prep, effort and marketing you’ve put into your listing, it’s likely to sell quickly and for over-list price in this seller’s market, which is nothing to brag about. . When you’re the listing agent: Please don’t list and ghost.

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Agents Due diligence Inspection Rent back 103

Marco Santarelli

MAY 4, 2023

In 2023, despite a cooling housing market and high mortgage rates, turnkey homes are in demand and selling fast. While fixer-uppers, homes with less curb appeal, and those located in less desirable areas are sitting on the market for longer, turnkey homes in good school districts remain hot commodities.

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Sales Pre-approval Investor Renovation 52

HomeLight

APRIL 27, 2022

And according to a recent survey, 83% of real estate agents expect these trends to continue into 2022, though a more balanced market may start to emerge in the second half of the year as interest rates rise. We might need some flexibility on closing time. According to Kypreos, the first day on the market is the most important.

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Renovation Agents Sales Rent back 97

HomeLight

AUGUST 31, 2021

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. Keep in mind that the number of cash offers floating around fluctuates with the market and at different price points.

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Due diligence Inspection Pre-approval Pre-qualification 77

HomeLight

SEPTEMBER 30, 2020

On the flip side, the U&O can allow the seller to remain in the home for a certain amount of time after closing (also known as a “rent-back” agreement). Marc Lagrois , a top Michigan real estate agent, says occupancy after closing is a very common occurrence. The buyer needs to move in prior to closing.

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Purchase and sale agreement Closing Rent back Investor 54

Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% Waiving these contingencies is a common strategy homebuyers use to make their offers more competitive by assuring the seller that the deal will close without unforeseen hiccups and negotiations. In June, 19.9% during the same month in 2019. up from 17.4% up from 17.4%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. What is Opendoor?

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Seller concession Inspection Rent back Closing 95

Redfin

JULY 30, 2020

Almost half (45%) of people who bought a home in the past year made an offer on a property that they hadn’t seen in person, the highest share since at least 2015, according to a Redfin-commissioned survey in May and June of more than 1,400 people across 29 major markets. Yaaran said. They must have thought I was mad, but we won! Methodology.

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 73

HomeLight

APRIL 19, 2021

But getting to live in such a cultural epicenter means getting ahead of an exceptionally competitive real estate market. We interviewed real estate experts with decades of experience to help you win a bid on your own home in Manhattan’s hyper-competitive, fast-paced market. Closing costs can range from 2.5% million in condos.

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Earnest money deposit Due diligence Inspection Agents 63

HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well.

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Closing Earnest money deposit Sales Inspection 92

HomeLight

JUNE 30, 2021

When you closed on your first home, you probably weren’t thinking that one day you’d want to sell. Getting the timing right — selling your old house, closing on a new house, and then moving into your new house — can be a challenge. But after a few years, it’s easy to outgrow your space.

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Rent back Inspection contingency Earnest money deposit Finance 105

First Team Real Estate

MAY 21, 2021

In order to get your home offer accepted in today’s tight seller’s market, you’ve got to be quick, smart, and totally in sync with your real estate agent. We can set you up for automatic alerts when new homes come on the market that fit your wish list, so you are instantly notified about new properties.

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Purchase and sale agreement Rent back Marketing Agents 98

HomeLight

MARCH 31, 2021

If these scenarios ring true, chances are you’re in the midst of a seller’s market. A seller’s market exists when there are more homebuyers than available homes. He explains what a seller’s market looks like and what to expect if you’re a homeowner thinking about selling in these ideal conditions.

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Marketing Banks Land Sales 81

Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. If something is wrong, you can request that it be fixed—or you can back out of the sale.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

JULY 29, 2022

Each option may have advantages that depend on market conditions. Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Start by understanding the market. In a buyer’s market.

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Debt-to-income ratio Loans Rent back Equity 110

HomeLight

JANUARY 7, 2022

The condition of the house you own: This will factor into how fast your home will sell in the current market and if you might encounter any issues as you list your home. Your timeline: Do you have any flexibility around moving and closing dates? Enclave Team. Real Estate Agent. Enclave Team. Real Estate Agent at RE/MAX Results.

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Equity Loans Debt-to-income ratio Closing 105

HomeLight

NOVEMBER 30, 2023

Find a Buyer's Agent Step 1: Prepare before you buy Whether you take a few weeks or a few months to prepare to enter the housing market, use this time to better position your eventual offer. Sellers typically favor buyers who have more cash to put into the purchase — this reassures them that the deal is more likely to close.

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Rent back Agents Renovation Mortgages 79

HomeLight

FEBRUARY 28, 2022

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. The challenge used to be getting a buyer to agree to allowing the seller to stay in the home past the closing date. Complicated logistics.

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Equity Debt-to-income ratio Closing Loans 118

HomeLight

AUGUST 17, 2022

In short, the market is what drives interest rates. And “the market” means everything from stocks to inflation to consumer spending habits — so when the Covid-19 pandemic hit and brought everything to a screeching halt, well, the powers that be had to do something to get dollars moving around again. Prime rates and the bond market.

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Mortgages Rent back Fixed-rate mortgage Banks 80

HomeLight

AUGUST 16, 2022

We’ll get into more details shortly, but it is safe to say that market activity is to blame (or thank!) Interest rates adjust based on how the overall market is doing. The International Monetary Fund has a great explainer on these market ups and downs if you’re up for some further reading. Why did mortgage rates rise?

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Mortgages Fixed-rate mortgage Agents Rent back 133

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

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