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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

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. The 9 Best FSBO Scripts (+ Why They Work).

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Eliminating Stringent Contingencies: How to Make a Contingent Offer Stronger

HomeLight

Unless you’re paying cash for a house, your best course of action is to include a pre-approval letter from a mortgage lender with your offer. That being said, pre-approvals aren’t yet a guarantee of funds and they usually carry an expiration date. Short sale or bank approval contingencies.

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How to Sell a House With a Realtor®, From Home Prep to Closing Day

HomeLight

Unfortunately, too many homeowners fail to do the same due diligence when hiring the Realtor ® who’ll help them sell their most valuable asset. They want to make sure you’re doing your due diligence! The buyer’s financial health (mortgage pre-approval, down payment size, etc.). An all-cash offer.

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How to Buy a House at Auction: A Guide for Foreclosure Newbies

HomeLight

If you’re using a mortgage to buy the property, never start bidding before you’re pre-approved,” warns Reynolds. Not all auctions will allow you to use a mortgage, so be diligent with your research on each property.”. — just make sure you’re definitely good for the loan and that it fits with the terms of the auction.”. “If

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