Remove Closing Remove Pre-approval Remove Purchase and sale agreement Remove Rent back
article thumbnail

5 Killer Tips For Beating a Cash Buyer

Realty Biz

To make an informed decision, it’s important to understand the following: 1) What is the inventory of houses for sale? You don’t want to hang your hat on a seller looking at a pre-approval letter from some no-name lender. One of the bigger stumbling blocks in any home purchase is the home inspection.

article thumbnail

Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. Garage door: 94%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buying in a Seller’s Market: 9 Ways to Win

Redfin

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. 1) Get Pre-Approved for a Home Loan. Furthermore, you’ll receive a pre-approval letter from your lender indicating how much of a mortgage you’ve been approved for.

article thumbnail

20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year

Redfin

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. The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period.

article thumbnail

Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

Redfin

I never would have chosen to buy a house this way, but I’d rather take a risk with my home purchase than take a risk with my family’s health,” Sanchez said. “I In New York City, some sellers aren’t even allowing buyers into their homes until they’ve been pre-approved for a mortgage, according to local Redfin agent Martin Freiman. .

article thumbnail

Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

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.

Closing 139
article thumbnail

I Want to Buy a House in 2021. How Much Should I Offer Over the Asking Price?

HomeLight

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?