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How Long Does It Take to Buy a House?

Realtor.com

Step 1: Getting mortgage pre-approval. Step 3: Closing the deal. Still other buyers might also be home sellers who first need to close on the sale of their old house before they can buy their next house. Step 1: Get pre-approved for a mortgage. Step 3: Prepare for closing day.

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Mortgage rates might soar even higher

Housing Wire

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. A five-to-seven-month supply is viewed as a healthy balance between supply and demand. research and consulting at TransUnion.

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How the Fed’s rate hike will affect the housing market

Housing Wire

Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. After revisiting one of his client’s pre-approvals from last year, he had to call to scale down the $300,000 mortgage to about $260,000. “It’s

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The Competitive Edge

The Residential Specialist

Even before the COVID-19 pandemic hit in March 2020, residential real estate agents were seeing inventories shrink and increased competition for homes. This shows the listing agents that you are detailed and your clients put their best foot forward,” says Therese Jenkins, regional broker at Sentry Residential in Charleston, South Carolina. “As

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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Understanding the mortgage process, including prequalification and pre-approval, is also essential. What is your strategy for negotiation and closing?

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10 Mistakes First-Time Homebuyers Should Avoid

Realty Biz

A lot of new buyers just eager for their new lives often miss some crucial steps during the buying process such as undergoing complete pre-purchase home inspection and understanding mortgage terms fully. This hastiness results in costly errors that could affect them financially and satisfaction with their purchase for many years ahead.

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Four Home Financing Products from Keller Mortgage to Leverage in a Shifting Market

Keller Williams

Over the next several months, the housing market will be more in line with pre-pandemic market conditions,” shares KW chief economist Ruben Gonzalez. Offer Ready is Keller Mortgage’s fully underwritten pre-approval program created to help buyers bid with confidence. All loans subject to credit approval.

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