Remove Earnest money deposit Remove Inspection Remove Pre-approval Remove Proof of funds
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11 Homeselling Myths, Debunked

The Close

Plus, consider the fact that if an issue arises during the inspection, they can offer a credit to keep the deal moving forward. Navigating the Selling Process Myth #8: Getting Pre-approved Should Happen After Finding Your Perfect Home House hunting can be exhausting. Even just showing a home takes a lot of coordination.

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Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. The forfeiture of earnest money deposits document means that HUD can retain your 5% deposit if you do not fulfill your end of the sales contract for some reason not already outlined in the contract.

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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

He adds that negotiations and home inspection issues could further reduce the price by 10%. More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. The seller and buyer agree on a price and terms.

Sales 66
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Earnest money deposit.