The Close

AUGUST 18, 2020

If both parties are prepared, it is possible to complete the inspection, title insurance, hazard insurance, and homeowner’s association (HOA) investigations all within the first seven days of the contract. Another tip is to have the buyer reserve the property inspection appointment while you are writing the offer.

Inspection 92

Inspection Debt-to-income ratio Title Closing 92

The Close

FEBRUARY 20, 2024

There may be disadvantages, like limited inspection objections and cash offer competition. For agents, offering advice on cost-effective improvements, staging tips, and accurate pricing is essential. You need to help them with strategy and help them avoid settling for less than what they want. Your buyers will need to act fast.

Marketing 93

Marketing Debt-to-income ratio MLS Pre-approval 93

Redfin

JUNE 14, 2023

Through pre-approval, a lender thoroughly assesses your financial situation, including income, credit history , and debt-to-income ratio, to determine the maximum loan amount they are willing to lend you. This allows you to confidently search for homes within your budget and make realistic offers.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

HomeLight

JUNE 27, 2022

A good buyer’s agent will be able to help you throughout the entire process including searching for homes, setting up builder appointments, making an offer , scheduling inspections, and reviewing the builder’s timeline. Asking yourself the tough questions during this stage can save you a lot of headache later on when your needs may change.

New Construction 92

New Construction Construction Pre-approval Inspection 92

HomeLight

JUNE 13, 2022

You’re trying to pay off debt. Lenders are going to want to see a debt-to-income ratio (DTI) that shows you will be able to afford the mortgage loan payments on your house. Get an inspection. An inspection gives you an official rundown of every discernable issue that could be affecting the house.

Purchase and sale agreement 112

Purchase and sale agreement Loans Inspection Closing costs 112

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). While you’ll find lots of ways to ballpark your housing budget, the real determiner will be your debt-to-income ratio , or DTI. The lender wants to be sure you can pay back the mortgage plus any other debts you owe, so the bank will calculate your DTI.

Pre-approval 98

Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

SEPTEMBER 8, 2020

They fell in love with a home and rushed into buying, heedless of whether it was outside of their price range or maybe ignoring issues found during the inspection. You aren’t allowed to inspect the property beforehand. Many sellers hire a professional to help them stage their home. Source: (Erik Mclean / Pexels).

Closing costs 93

Closing costs Inspection Debt-to-income ratio Title 93

HomeLight

JUNE 30, 2022

Once you choose a lender and start the preapproval process , your lender will request documentation for all of your debts (liabilities), income, and assets to get your full financial picture. Also during this stage, your lender will pull your credit report after getting your consent. Get a property inspection.

Purchase and sale agreement 78

Purchase and sale agreement Inspection Earnest money deposit Closing costs 78

HomeLight

FEBRUARY 28, 2022

When you start thinking about listing your home, make sure these key bases are covered to help make your sale go quickly and smoothly: Clean, declutter, and stage. Some sellers will even order their own inspection prior to putting their house on the market, especially if they know the house needs significant work.

Equity 123

Equity Debt-to-income ratio Closing Loans 123

HomeLight

JANUARY 7, 2022

Prepare your home for sale (4 to 6 weeks): Your agent will help you price your listing and assist in staging your home if needed. As you finalize the sale on your property with a home inspection, appraisal, and all other necessary steps, you will most likely be doing the same for your new home. Source: (2H Media / Unsplash).

Equity 104

Equity Loans Debt-to-income ratio Closing 104

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Debt-to-income ratio (DTI).

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98