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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. When searching for someone to work with, be sure to read online reviews and do your due diligence.

Mortgages 102
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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

Go to your county’s office and ask for the pre-foreclosure list ,” he says. Alternatively, Miller says, “If you’re planning to live in the home, you’ll need to determine the amount of equity you’ll want to have created from restoring it.”. Reach out to people on the list, and give them an offer!”.

Banks 104
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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. No problem!

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Winning The Listing Appointment: How to Prequalify the Seller

HomeLight

And what that pre-qualification entails is asking a series of detailed questions to not only gather as much data and information as I can as far as the who, what, where, and why, you know, somebody’s motivation, what they’re looking to accomplish, timeframes, things of that nature. So it’s a combination of two things.

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Win the Listing Appointment: How to Prequalify the Seller

HomeLight

In this week’s episode of The Walkthrough, agent and coach Aaron Novello shares how pre-qualifying sellers has helped his team win 80% of its listing appointments. And then we do send, you know, a pre-listing package prior to connecting. That means you need to bring your “A” game if you want to get those listings.

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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

Type in your address on the site to estimate your home’s value, track equity, calculate potential home sale profit, and view local market trends. Mortgage websites and apps can help strengthen a buyer’s offer by preapproving them for a mortgage, as opposed to a pre-qualification. Mortgage portals.

Closing 88
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How to Sell a House by Owner in New Jersey

HomeLight

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits.