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

CT Homes

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. Overwhelming Home Inspections. In many markets the reality may tell a different tale. Financing Issues.

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

CT Homes

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. Overwhelming Home Inspections. In many markets the reality may tell a different tale. Financing Issues.

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article thumbnail

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

CT Homes

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. Overwhelming Home Inspections. In many markets the reality may tell a different tale. Financing Issues.

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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.

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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. January - April are the busiest months of the year for a Realtor and their schedules tend to fill fast between showings, inspections, closings and assisting other clients. Season is officially upon us.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Interest rates can spike unexpectedly which can affect qualification if the loan is not locked, or the buyer’s credit score or income can change, causing the underwriter to reject the loan.

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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.”

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