HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? Not only should your agent close a lot of deals, but they should be able to demonstrate through their results how they’ve saved other buyers money and helped them close quickly. They’ll have specialized market information that others won’t.

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HomeLight

JANUARY 10, 2023

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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Purchase and sale agreement Natural hazards disclosure Inspection Title 96

The Residential Specialist

AUGUST 31, 2023

Medford also points out that unless the client has other pressing reasons to get into the new property, market conditions are a major consideration when evaluating if one should sell first or buy first. “In I say let’s put your home on the market. Is there a way to put down more— a higher, nonrefundable, earnest money deposit?

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HomeLight

AUGUST 31, 2021

What is an excess deposit, and who will receive the funds listed on that line? In short, the excess deposit line represents any funds remaining from the buyer’s earnest money deposit after accounting for real estate agent commission fees. Excess Deposit. Homeowner Equity Insights Report, CoreLogic (Q1 2021).

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Earnest money deposit Title Closing Loans 103

Realty Biz

SEPTEMBER 4, 2023

Finding outstanding deals takes skill and work, and then it takes a healthy buyer’s list and marketing strategy to find a buyer quickly for your contracted deal. What it doesn’t take is much money. The post How to Start Investing in Real Estate with $1,000 appeared first on RealtyBizNews: Real Estate Marketing & Beyond.

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HomeLight

MARCH 6, 2023

The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits.

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HomeLight

NOVEMBER 29, 2021

Once you’re in your new home, if you’re thinking about remodeling or repairs, a VA refinance loan also allows eligible borrowers to take cash out up to 100% of their home’s equity to pay for renovations such as new kitchens or a new addition. Source: (Daniel Santiagø / Unsplash). What about the 20% down rule?

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HomeLight

AUGUST 9, 2022

So, often if somebody’s sold a house and they’re walking away with a lot of equity, they’ll roll that in and do at least a 20% down payment, if they’re move-up buyers and have the cash,” says May. Earnest money is a portion of the down payment included as part of the offer made on a home to the seller. Freddie Mac Home Possible.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 100

Realty Biz

MAY 24, 2021

Finding outstanding deals takes skill and work, and then it takes a healthy buyer’s list and marketing strategy to find a buyer quickly for your contracted deal. What it doesn’t take is much money. Another coin with two sides is regulation.

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Earnest money deposit Seller concession Investor Hard money loan 126

HomeLight

JULY 29, 2022

A home appraisal is an assessment of the fair market value of a real estate property. If you committed to making an earnest money deposit as a part of your offer, you will submit your earnest money at this time. You typically deposit earnest money in an escrow account where it will be held until closing.

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Purchase and sale agreement Earnest money deposit Inspection Loans 90

HomeLight

JUNE 30, 2021

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. In a hot market, sellers might be seeing offers without any contingencies, which makes a sales contingency a tough sell.

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HomeLight

OCTOBER 1, 2020

She was drawn to foreclosures because, “For me, having a house that has equity has always been important. Many homebuyers like buying and knowing that they have immediate equity, above and beyond the down payment, in the house. He knew the market and what the home could capture in terms of sales price once it had been fixed up.

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Purchase and sale agreement Banks Earnest money deposit Equity 56

HomeLight

SEPTEMBER 1, 2022

We can’t always predict what the future holds — let’s be honest, we probably didn’t see ourselves locked down because of a pandemic or foresee the crazy real estate market that followed. Median home prices in June 2022, however, are down 4% from May 2022, a sign of some market cooling. Research the market. Central Coast.

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Earnest money deposit VA loan FHA loan Loans 98

HomeLight

MARCH 16, 2023

We’ve gathered insights from real estate experts to create this guide for navigating Houston’s cash home buyer market so you can sell your property in as fast a time frame as you require. But newcomers who invested in Houston’s sizzling real estate market are backing off during the downturn. Need to Sell Your House Fast in Houston?

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Sales Purchase and sale agreement Earnest money deposit Investor 70

HomeLight

APRIL 30, 2021

Competition is heating up in real estate markets across the country as homebuyers struggle to make their offers stand out from the pack. Homes fly off the market in days, not weeks; offers go well over asking price; and bidding wars are increasingly the norm. You’re not leveraging your money. Cash offers are more competitive.

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HomeLight

JUNE 9, 2023

Connect with a top agent near you to get an expert opinion on how much your house will sell for, what to fix before listing, and the latest local housing market trends. Right now we’re not in this type of market, but in the ’80s, the interest rate was 18%,” says Waters. Step 4: Collect the earnest money (and save it).

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HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. Good bones.

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HomeLight

JUNE 30, 2022

When you buy a home, you might be expecting certain costs, such as the down payment and earnest money deposit — but there could also be hidden costs that first-time homebuyers especially may not anticipate. Buyers, just be aware that the market is changing. Now, your home has a number of empty rooms! Esperanza Marroquin.

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Title Loans Earnest money deposit Title search 59

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value.

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Realty Biz

MAY 16, 2022

In most areas of the US, there have been bidding wars on nearly every house that hits the market. With so few homes for sale, buyers are fighting over each property that hits the market. In instances such as this where an appraisal comes in low, a buyer will increase their down payment to provide more equity in the home.

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Earnest money deposit Purchase and sale agreement Rent back Inspection 95