HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

Purchase and sale agreement 100

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 100

RIS Media

OCTOBER 22, 2020

– Coming Soon: Homes that are listed as coming soon in your MLS are technically not allowed to be shown but can accept offers prior to showing. If the listing agent is allowed to disclose the other offers, make sure to obtain written approval from the seller before discussing this. This is not the case.

Earnest money deposit 127

Earnest money deposit Pre-approval Marketing Proof of funds 127

The Close

FEBRUARY 14, 2024

After all, a new listing on the MLS gets the most attention in the first week. Home sale preparation is done like a dealership preps the cars for the lot. Selling a home is the same—it’s not just a sign in the yard and a posting on the MLS. Then interest starts to taper off. Sellers will ask, What are you doing to sell my home?

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

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?

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

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.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

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. The HUD Home Store site is updated more frequently, while you may still see HUD properties on the MLS that are no longer available. The home is then sold at a discount by HUD.

Earnest money deposit 79

Earnest money deposit FHA loan Pre-approval Finance 79

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

Purchase and sale agreement 99

Purchase and sale agreement Inspection MLS Inspection contingency 99