HomeLight

NOVEMBER 29, 2021

Research and strategy are involved when deciding on a figure for a down payment, which will depend on your savings and how much you’re willing (and able) to finance. For example, all conforming loans must meet loan limits set by the Federal Housing Finance Agency (FHFA). These loans are designed for low-to-moderate-income borrowers.

Earnest money deposit 81

Earnest money deposit FHA loan Purchase and sale agreement Inspection 81

HomeLight

JUNE 30, 2021

This is why many buyers make offers on their new home that include a sales contingency. With a sales contingency in your offer, you won’t have to close on your new home unless you’ve sold your old home. But a sales contingency could also make it harder to get an offer accepted. Source: (LinkedIn Sales Solutions / Unsplash).

Rent back 102

Rent back Inspection contingency Earnest money deposit Finance 102

Redfin

MARCH 2, 2023

An appraisal contingency is a clause in a real estate contract that allows the homebuyer to back out of the transaction or renegotiate the terms of the sale if the property appraisal comes in lower than the agreed-upon purchase price. Walk away from the sale altogether, as the contingency allows them to do so without penalty.

Purchase and sale agreement 56

Purchase and sale agreement Earnest money deposit Finance Inspection 56

HomeLight

MAY 27, 2021

Listing sites where you browse homes for sale usually have a sponsored agent pop-up that will lead you to a real estate agent. And finally, you’ll need to be prepared with cash for the earnest money deposit. As you’re looking for a real estate agent, you may want to inquire about their membership status in NAR.

Earnest money deposit 53

Earnest money deposit Purchase and sale agreement Closing costs Inspection 53

The Close

FEBRUARY 14, 2024

Home sale preparation is done like a dealership preps the cars for the lot. Preparing Your Home for Sale Myth #4: Your Home Should Reflect Your Personality Sellers, especially those who have lived in their home for decades, are attached. Plus, my clients nearly lost their earnest money deposit due to the delays.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

Redfin

JUNE 21, 2023

Learning from experienced investors can vastly build your understanding of how it works, beginning with market research and ending with either the sale or signing a tenant in your new rental. In May 2020, the median sales price was $234,000; as of May 2023, the median sales price equals $350,000 (nearly a 50% increase YOY).

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection MLS Inspection contingency 92

HomeLight

NOVEMBER 10, 2021

In fact, the median sales price for single-family homes in the Miami area in August 2021 was over $500,500 , according to Florida Realtors®. Prices aren’t much different in the Fort Lauderdale area, where the median sales price of single-family homes are trending around $495,000 and condominiums and townhomes are running around $220,000.

Closing costs 96

Closing costs Loans Purchase and sale agreement Earnest money deposit 96

HomeLight

DECEMBER 14, 2021

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Do they have sales or listings pending?

Pre-qualification 98

Pre-qualification Earnest money deposit Agents Days on market 98

HomeLight

DECEMBER 14, 2021

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Do they have sales or listings pending?

Earnest money deposit 89

Earnest money deposit Agents Days on market Sales 89

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. Comparable sales (comps).

Purchase and sale agreement 98

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