HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. When performing your due diligence, find out whether your buyer is getting a conventional loan or a VA, FHA, or USDA loan with higher standards for the home’s condition. “If Require everything in writing.

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MLS Agents Sales Proof of funds 69

HomeLight

DECEMBER 13, 2022

Here are key considerations when considering an offer on your Virginia home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. According to the Virginia Residential Property Disclosure Act (§ 55.1-700) Require everything in writing. Remember you can counter-offer and negotiate.

Purchase and sale agreement 87

Purchase and sale agreement MLS Agents Sales 87

HomeLight

DECEMBER 6, 2022

She cautions that buyers can get a pre-approval letter online that’s not worth the paper it’s written on. So your due diligence should include contacting the lender to ask about the type of financing and whether the buyer has the qualifications to be approved for a loan. Require everything in writing.

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Purchase and sale agreement MLS Pre-approval Agents 79

HomeLight

DECEMBER 6, 2022

Before signing anything, Knipe says to do your due diligence. Here are key considerations when considering an offer on your Oregon home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. You’ve got your first offer — congratulations! There are a lot of scams out there.”.

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MLS Agents Sales Inspection 85

HomeLight

OCTOBER 1, 2022

For example, in Ohio, you’ll need to meet a number of mandatory disclosures and complete a Residential Property Disclosure form. Before signing anything, Breeckner says it’s vital to do your due diligence. But that said, he urges FSBO sellers to ensure that prospective buyers have pre-approval and proof of funds.

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MLS Pre-approval Agents Sales 93

HomeLight

NOVEMBER 23, 2022

Before signing anything, you’ll need to do your due diligence to evaluate the terms of the offer and assess whether the buyer’s financing looks satisfactory. Require everything in writing. West Virginia is what’s called a “caveat emptor” state , meaning “buyer beware.” This does not necessarily give the seller a free pass, however.

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MLS Agents Sales Closing 83

HomeLight

OCTOBER 14, 2022

Whether you hire a listing agent or not, the Illinois Residential Real Property Disclosure Act requires sellers to disclose known defects and problems with a property to prospective buyers. Before signing anything, Alden says to prepare to do some research and practice due diligence. Why sell a house by owner in Illinois?

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MLS Agents Sales Mortgage pre-approval letter 73