The Close

FEBRUARY 14, 2024

The real estate industry constantly changes. So, let’s turn up the brightness and shed some light on the real estate industry. If a buyer loves the home but has no way financially to prove that they 1) are serious about a purchase and 2) can finance it, then you’ll need to send them to a lender.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

HomeLight

SEPTEMBER 1, 2022

The so-called appraisal gap began rising in frequency around July 2020, and by June 2021, there was a gap between sales price and appraised value in one-fifth of all home sales requiring financing. What is a low appraisal? The lender will hire an independent expert to appraise the home , aka decide the fair market value of the home.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Short sale Loans 76

Redfin

MAY 5, 2023

You’ll fall in love with Austin’s thriving tech industry, world-class universities, breathtaking parks, and expansive lakes like Lake Travis and Lady Bird Lake. Start with the Fort Worth Stockyards, a historic district that celebrates the cattle industry with rodeos, cattle drives, and western-themed shops.

Purchase and sale agreement 64

Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 64

Realty Biz

SEPTEMBER 14, 2023

Facilitating the Transfer of Funds Large sums of money are involved during the purchase, including down payments, earnest money deposits , and closing costs. In addition, attorneys can help resolve disputes related to financing or provide guidance on other legal matters that may arise during the mortgage loan process.

Purchase and sale agreement 99

Purchase and sale agreement Title search Title Due diligence 99

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Home financing. This gives both you and the seller more peace of mind that the deal will close and financing won’t hold things up. You’ll know how much home you can afford, and you can shop confidently knowing we’ve already looked under the hood of your finances.

Closing costs 117

Closing costs Inspection Loans Earnest money deposit 117

HomeLight

JANUARY 3, 2023

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing. Earnest money. Closing dates can be subject to negotiation as well.

Purchase and sale agreement 94

Purchase and sale agreement Inspection MLS Inspection contingency 94

HomeLight

MARCH 31, 2022

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing. Earnest money. Closing dates can be subject to negotiation as well.

Purchase and sale agreement 87

Purchase and sale agreement Inspection Title MLS 87

HomeLight

MARCH 31, 2022

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing. Earnest money. Closing dates can be subject to negotiation as well.

Purchase and sale agreement 85

Purchase and sale agreement Inspection MLS Inspection contingency 85

HomeLight

JANUARY 10, 2023

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Buyers may need longer to secure financing or sellers may ask for additional time to move out after closing. Earnest money. Closing dates can be subject to negotiation as well.

Purchase and sale agreement 86

Purchase and sale agreement Natural hazards disclosure Inspection Title 86

HomeLight

AUGUST 31, 2021

Sellers can expect to pay between 6%-10% of the final sale price in commissions and closing costs, so it’s nice to see exactly where that money is going. A settlement statement is an itemized list of fees and credits summarizing the finances of an entire real estate transaction. How much the lender is financing toward the sale.

Earnest money deposit 97

Earnest money deposit Title Closing Loans 97

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. With a mortgage, there are all kinds of things that can go wrong to delay closing — financing issues and appraisals coming in low are two of the most common. Financing issues. Here’s what you need to know.

Closing 109

Closing Inspection contingency Title search Purchase and sale agreement 109

Real Trends

APRIL 27, 2023

Don’t screw up earnest money deposits, contingency releases, or inspection dates just because you’re behind. They update you about their financing, and they send you listings they’ve seen online. Remember that people scan through DocuSign without really realizing what they’re signing.

Earnest money deposit 88

Earnest money deposit Pre-qualification Agents Inspection 88

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. A 10-day closing translates as getting your home sold around five times faster than with a buyer who needs financing in today’s market.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Proof of funds 98

HomeLight

DECEMBER 8, 2022

They offer a $30,000 earnest money deposit on homes in any condition and specialize in working with properties that have tenants, out-of-state homeowners, and houses that are filled with the seller’s possessions. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company.

Purchase and sale agreement 78

Purchase and sale agreement Closing costs Closing Earnest money deposit 78

HomeLight

DECEMBER 14, 2021

a multiple offer situation, Mattes says that sellers need an agent who can help them sort it all out in a way that makes sense — helping them narrow it down if they want government financing, a cash deal, or no inspections. Pre-listing or when looking at houses, and when evaluating offers.In Has a network of professionals.

Pre-qualification 100

Pre-qualification Earnest money deposit Agents Days on market 100

HomeLight

DECEMBER 14, 2021

a multiple offer situation, Mattes says that sellers need an agent who can help them sort it all out in a way that makes sense — helping them narrow it down if they want government financing, a cash deal, or no inspections. Pre-listing or when looking at houses, and when evaluating offers.In Has a network of professionals.

Earnest money deposit 90

Earnest money deposit Agents Days on market Sales 90

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. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Earnest money deposit. Construction loan.

Purchase and sale agreement 98

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

The Close

FEBRUARY 29, 2024

As the industry navigates mixed reactions to current legal challenges, our focus as real estate professionals must remain on ethical practices and comply with anti-discrimination laws. However you feel about them, love letters still have their place in the industry—and probably always will. As agents, we know this.

Agents 95

Agents Earnest money deposit Inspection Closing 95