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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning. How do I find a doctor?

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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? Beyond standard MLS listings, home search apps can offer a deep dive into data to help you research, bid, buy, finance, insure, and even renovate your new home. what’s considered “overpaying” on a house?) Social media apps.

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Selling a Home at Auction: Pros, Cons, and How to Get Started

HomeLight

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. Step 4: Determine the qualification process for bidders. Your home will be visible to pre-qualified, serious buyers.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. No problem!

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Options to Unlock Your Home Equity When Finances Are Tight

HomeLight

Also, “If you want to gain access to your equity by selling the home,” Lawson adds, “there are additional expenses related to the transaction of a sale — Realtor® commissions, closing costs, etc., — that need to be deducted from your equity estimate.”. What qualifications do I have to meet to access my home’s equity?

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

“Go to your county’s office and ask for the pre-foreclosure list ,” he says. What will it cost to renovate it so you command either market rent or a sale at a price that represents a margin you’re comfortable with? To that end, he had an REO purchase that took six months to close. “I And that’s a big problem.”

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

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? A cash buyer can close faster since there’s no waiting on funding. Though you can (and should!)