Debt-to-income ratio, Pre-qualification, Purchase and sale agreement and Staging

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Debt-to-income ratio

Pre-qualification

Purchase and sale agreement

Staging

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

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

Purchase and sale agreement

Purchase and sale agreement Title Proof of funds Pre-approval

This Checklist and Timeline Is Your GPS for Buying a House

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

Pre-approval Purchase and sale agreement Title Closing

Residential Realty Today

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

This Checklist and Timeline Is Your GPS for Buying a House

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