Remove Construction Remove Development Remove Pre-approval Remove Proof of funds
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Construction loan. These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more.

article thumbnail

Find Cash Home Buyers in Austin for a Fast, Simple Sale

HomeLight

New construction surge contributing to competition for buyers. Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. No pre-qualifying for a loan. Instead, however, he advises sellers to validate cash buyers for proof of funds.

Sales 69
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Manage the Stress of Selling a House: 11 Helpful Tips

HomeLight

It’s also good practice to screen buyers for pre-approval or proof of funds before they view the home to cut back on useless showings. To make things easier, develop a pre-showing routine that you can execute with muscle memory. With advanced planning, new construction is another option. “If

article thumbnail

How Many Showings Does It Take to Sell a House on Average?

HomeLight

Sight-unseen offers from buyers have increased in recent years due to the development of virtual tours, video listings, and digital walkthroughs. has been experiencing a nationwide inventory shortage as the result of new construction hurdles and low interest rates, it’s more likely that you’re in a seller’s market than buyer’s market.

Staging 77