The Close

SEPTEMBER 10, 2020

The motivation of this first strategy is to gain clarity on the seller’s wants and needs, and also to develop rapport with the listing agent. Make Sure You Have a Proper Approval Letter From a Reputable Lender. For most sellers, the fear of a buyer’s financing falling through and not getting to the closing table.

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Home sale contingency Pre-approval Earnest money deposit Marketing 112

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Home sale contingency.

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Sales Home sale contingency Pre-approval Inspection 60

HomeLight

MARCH 30, 2021

Future developments: Research any commercial land purchases or leases in the area and see how they fit in with your desires. Line up your financing. Pre-approval letters are usually good for 60 to 90 days, so don’t enter this stage until you’re serious about your home search. Source: (Ryan Quintal / Unsplash).

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Due diligence Inspection Title Pre-approval 103

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. Below are just some of the typical pre-listing preparations that Shapiro calls out as essential: Reduce clutter. Get a pre-listing inspection. Get the price right.

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Closing Pre-approval Inspection Days on market 120

HomeLight

SEPTEMBER 15, 2021

Pre-listing inspection report. Contingency removal form (CA-specific). Home inspection report. If a buyer’s mortgage lender requires a copy of the homeowners insurance, you’ll need to provide it for the loan to be approved. Give buyers time to conduct a lead inspection. Pre-listing inspection report.

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Purchase and sale agreement Inspection Title Pre-approval 113

HomeLight

MARCH 13, 2023

You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance. As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. When time is of the essence, a cash sale could be the quickest solution.

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Sales Investor Due diligence Renovation 80

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor.

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Closing Earnest money deposit Sales Title 87