Remove Earnest money deposit Remove Finance Remove Marketing Remove Pre-qualification
article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

Financing Issues. There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. There is also the issue of the appraisal.

article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

Financing Issues. There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. There is also the issue of the appraisal.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

Financing Issues. There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. There is also the issue of the appraisal.

article thumbnail

Handle Escalation Clauses With Care: 5 Tips for Sellers Negotiating Multiple Offers

HomeLight

In competitive seller’s markets , some buyers will strengthen their offer with an escalation clause. But even in a strong seller’s market, mishandling offers with escalation clauses can backfire. In a competitive market , buyers can get caught up in the bidding process, offering more money than the home is worth.

article thumbnail

How to Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.”

Closing 87
article thumbnail

How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor.

Closing 91
article thumbnail

Tips to be a Successful Buyer During Season

Dwell Real Estate

Along with enjoying the mild winter weather, many visitors are in the market to buy real estate. We can help you become acquainted with the Sarasota real estate market and you can decide if this is the right area for you. Season is officially upon us. For Real Estate Offices, this is, by far, the busiest time of year.