HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home.

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Sales Purchase and sale agreement Earnest money deposit Bankruptcy 93

HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

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HomeLight

OCTOBER 1, 2022

If you choose to invest in a pre-listing appraisal, consider the differences and similarities of comps with the appraised value of your home to choose a price that will encourage activity (too high and it may seem out of reach to many buyers) but will also maximize your profit. He says asking for pre-approval letters is key.

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MLS Pre-approval Agents Sales 111

HomeLight

DECEMBER 6, 2022

Murphy says some New Jersey towns offer full-day pre-K. 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.

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Purchase and sale agreement MLS Pre-approval Agents 103

HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. Require everything in writing. Remember, you can counter-offer and negotiate.

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MLS Agents Sales Closing 97

HomeLight

DECEMBER 6, 2022

However, a pre-listing inspection can turn up issues of which you’re unaware, saving you time and money by handling any necessary repairs before a buyer enters the mix. Before signing anything, Knipe says to do your due diligence. Every potential buyer’s lender will order their own appraisal. Require everything in writing.

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MLS Agents Sales Inspection 105

HomeLight

DECEMBER 8, 2022

FSBO sellers might want to hire a home inspector for a pre-listing inspection to ferret out any major issues, such as a tired roof, then fix those items before going to market, she adds. Before signing anything, Rodocker says to do your due diligence. This gives them time to handle minor repairs. Require everything in writing.

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MLS Agents Sales Inspection 105

HomeLight

NOVEMBER 23, 2022

So keep in mind that your own appraisal is not a guarantee of how much a buyer will pay, nor how much a bank will approve. 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. It’s just an opinion backed by their facts.”

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MLS Agents Sales Closing 104

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. You may want a real estate attorney to review the documentation so you know what you’re getting into. Require everything in writing. See the next step!).

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Purchase and sale agreement MLS Agents Sales 105

HomeLight

OCTOBER 14, 2022

Before signing anything, Alden says to prepare to do some research and practice due diligence. Here are key considerations when considering an offer on your Illinois home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Evaluate offers and negotiate a deal.

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MLS Agents Sales Mortgage pre-approval letter 102

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Due diligence period. What if your clients are asking about their due diligence period? Pre-approval. Proof of funds. Related Article.

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