Housing Wire

SEPTEMBER 2, 2022

has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs). The multi-trillion-dollar real estate market is based on countless singular person-to-person transactions.

Earnest money deposit 90

Earnest money deposit Technology Loans Pre-approval 90

CT Homes

AUGUST 31, 2020

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. In many markets the reality may tell a different tale.

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Earnest money deposit Pre-qualification Pre-approval Inspection 105

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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Backup offer Sales Home sale contingency Earnest money deposit 110

The Close

FEBRUARY 14, 2024

Myth #2: Wiggle Room in Pricing Is Essential for Negotiation The market price of a home can fluctuate by tens of thousands of dollars over a year. If you’ve got an overpriced listing on the market, it gets staler every day that the listing is available. Marketing your listings is one of those pieces that is done behind the scenes.

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Pre-approval Earnest money deposit MLS Renovation 98

Realty Biz

AUGUST 22, 2022

That’s probably why the price was a little below the market average. Yeah, I’ve been studying the market for a while and knew what houses were selling for. In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 96

The Close

SEPTEMBER 10, 2020

A strong seller’s market is a lot like dealing with the craziness of this pandemic. Hating to lose more than I wanted to win, I came up with these seven creative strategies to make any offer stand out in a seller’s market. What are their biggest concerns about the sale? You never know what to expect day to day. You need to call.

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Home sale contingency Pre-approval Earnest money deposit Marketing 113

HomeLight

JUNE 28, 2021

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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Earnest money deposit Purchase and sale agreement Pre-approval Pre-qualification 78

Windemere Buying

OCTOBER 4, 2021

The more competitive the housing market, the greater the lengths buyers will go to to make themselves stand out amongst the competition. In a seller’s market , listings commonly receive multiple offers, often over their original asking price. All-cash offers often lead to quick sales with short closing times.

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Earnest money deposit Pre-approval Closing costs Closing 52

The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

CT Homes

AUGUST 31, 2020

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. In many markets the reality may tell a different tale.

Earnest money deposit 52

Earnest money deposit Pre-qualification Pre-approval Inspection 52

CT Homes

AUGUST 31, 2020

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. In many markets the reality may tell a different tale.

Earnest money deposit 52

Earnest money deposit Pre-qualification Pre-approval Inspection 52

Realty Biz

JULY 1, 2023

Depending on how far along in the escrow process you are, this can be done in a variety of ways: Providing a deposit - If you have not yet made an offer on a home, consider providing an earnest money deposit as your first step. These may include appraisal contingencies, financing contingencies, or home sale contingencies.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 75

Louisville Homes

OCTOBER 26, 2021

In a seller’s market , many homes for sale wind up in bidding wars. Get a Pre-Approved. If you cannot afford a cash purchase, you need to get a mortgage pre-approval before house hunting. If you cannot afford a cash purchase, you need to get a mortgage pre-approval before house hunting.

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Pre-approval Earnest money deposit Finance Closing costs 52

HomeLight

JANUARY 12, 2022

24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition across the country.

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Closing Purchase and sale agreement Pre-approval Inspection 113

Dwell Real Estate

JUNE 24, 2021

A contingent offer means that an offer on a property has been made and the seller has accepted it, but that the final sale is contingent upon certain criteria that have to be met. This contingency gives buyers the right to have property professionally inspected after putting down earnest money.

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Inspection contingency Earnest money deposit Pre-approval Inspection 40

Dwell Real Estate

JUNE 24, 2021

A contingent offer means that an offer on a property has been made and the seller has accepted it, but that the final sale is contingent upon certain criteria that have to be met. This contingency gives buyers the right to have their new home professionally inspected after putting down earnest money.

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Inspection contingency Earnest money deposit Pre-approval Inspection 40

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. Loan approval. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. Requesting a reasonable decrease in the sale price based on the cost of repairs. Easy, right?

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Closing Purchase and sale agreement Title search Earnest money deposit 116

Point2Homes

JULY 28, 2020

The buyer is required to deposit their ‘earnest money deposit’, a sum of money that typically equates to around 1-3% of the sale price. This is paid in good faith to show that the buyer is serious about the transaction and has the funds to proceed, obligating the seller to take the house off the market.

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Purchase and sale agreement Mortgage pre-approval letter Earnest money deposit Pre-approval 57

Redfin

MAY 5, 2023

An overview of the Texas housing market The Texas housing market is rich in diversity, with plenty of options to suit different budgets and lifestyles. However, due to the recent hike in mortgage rates, the market has experienced a slight decline, with median sale prices dropping by 2.5%

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Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 65

Redfin

JUNE 21, 2023

Learning from experienced investors can vastly build your understanding of how it works, beginning with market research and ending with either the sale or signing a tenant in your new rental. In May 2020, the median sales price was $234,000; as of May 2023, the median sales price equals $350,000 (nearly a 50% increase YOY).

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Due diligence Earnest money deposit Investor Inspection 59

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

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Purchase and sale agreement Inspection MLS Inspection contingency 109

HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% drop in median time on the market. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Florida. Get Started.

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Purchase and sale agreement Inspection Title MLS 102

HomeLight

JUNE 23, 2022

However, if the buyer terminates the contract for any other reason not specified in these conditions, the seller is typically entitled to keep the earnest money as a concession for the time they took the home off the market to enter into the exclusive agreement. Is earnest money refundable?

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 109

HomeLight

JUNE 29, 2022

Before you post the “for sale” sign in your front yard, it’s important to prepare yourself for a critical part of the home-selling process : negotiating with buyers. Here are nine expert house negotiation tactics to help you on your way to a successful sale. Making enough money off the sale to fund the downpayment on a new home.

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Earnest money deposit Purchase and sale agreement Closing costs Closing 105

HomeLight

MARCH 6, 2023

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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Closing Earnest money deposit Sales Title 100

HomeLight

MARCH 2, 2023

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. CalHFA works through approved lenders, and buyers apply for the program through their loan officer.

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Closing Earnest money deposit Sales Inspection 105

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Perhaps you’re relocating for your dream job in two weeks, but you don’t have the time or money to replace the roof on your University Place ranch that has sprung a leak. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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Sales Purchase and sale agreement Earnest money deposit Investor 76

HomeLight

SEPTEMBER 30, 2020

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. You may also experience less competition from other owner-occupant buyers for HUD Homes than in the traditional real estate market. The home is then sold at a discount by HUD. Pretty big perks!

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Earnest money deposit FHA loan Pre-approval Finance 90

HomeLight

OCTOBER 29, 2020

The need for a competitive offer is stronger than ever these days, when experts nationwide agree that the events of 2020 have created a robust seller’s market. Unless you’re paying cash for a house, your best course of action is to include a pre-approval letter from a mortgage lender with your offer. Sales contingency.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 80

Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Get final mortgage approval. It’s rarely advisable to waive an inspection contingency. Clear the title.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Redfin

AUGUST 3, 2022

A real estate agent will be with you every step during the home buying process and will offer expert knowledge of the local housing market. Research mortgage options and get pre-approved for a home loan. Once you have selected a lender you want to use and before you start looking at homes, get a mortgage pre-approval.

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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. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. After all, great communication leads to closed deals. ” A.

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