Closing MLS Pre-approval Seller concession 
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. Also, understand the difference between a prequalifying and a pre-approval letter. That way, you can give them the time to move stress-free.
The Close
FEBRUARY 20, 2024
I know it’s hard to imagine, but consider putting in your buyer’s specific criteria (three bedrooms, a detached garage, and pool) and the MLS returning over a dozen listings in a neighborhood. This means you’ve got a pre-approval in hand and that you understand the importance of being flexible. The first would be your local MLS.
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HomeLight
SEPTEMBER 30, 2021
So, given 78% of buyers financed their purchase in August 2021 , there’s a good chance you will encounter an appraisal at some point before closing. If they are unwilling to budge on price, you can also renegotiate seller concessions. If you have excellent credit, it may be easier to get pre-approved with another bank.
Realty Biz
JANUARY 19, 2024
Take a close look at your income, expenses, and existing debts. This documentation will be necessary when applying for a mortgage pre-approval. It's advisable to reach out to multiple lenders and obtain pre-approval. Again, local market conditions determine whether you can get any seller concessions.
HomeLight
MARCH 19, 2022
Your Realtor® will be able to help explain different non-monetary contract terms that might help sweeten a deal, including: A closing date that aligns with your timeline. Few (or zero) repair requests, contingencies , or seller concessions. The buyer’s financial health (mortgage pre-approval, down payment size, etc.).
HomeLight
MAY 25, 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. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Filter by “sold.”
HomeLight
OCTOBER 11, 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. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Transactions.
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