Remove Equity Remove Marketing Remove Pre-approval Remove Purchase and sale agreement
article thumbnail

Vital Information About Buying a House Before Selling My Existing Property

Realty Biz

In today's real estate market, buying a house before selling yours is possible. One popular option is a bridge loan, a short-term loan that allows you to finance the purchase of a new home while you wait for your existing home to sell. What Are Ways to Finance the Purchase? Can I Buy a House Before Selling Mine? Absolutely!

article thumbnail

How Can You Purchase A Tenanted Property And Ensure Vacant Possession?

Toronto Realty Blog

Peter tells John, “I wanted to let you know that I am going to list the condo for sale.” The property is listed for sale and ends up selling after about three weeks. Bob the Buyer is a young man who is purchasing his first home, and is excited to move into the condo in the fall. And what does Bob the Buyer do?

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

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.

article thumbnail

Understanding Mortgage Terms for Home Buyers

Realty Biz

Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. Principal : The amount of money you borrowed to buy the home.

article thumbnail

What Causes Pre- Construction Condo Delays?

Toronto Realty Blog

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” Blog reader Densha asked about pre-construction condo delays and it’s a good topic.

article thumbnail

How to Sell a House to a Friend So No One Feels Cheated: 11 Do’s and Don’ts

HomeLight

Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. An agent won’t need to offer their full level of service to include yard signs, digital marketing, and professional photography, but they can act as a neutral go-between to prevent strain or awkwardness during negotiations.

article thumbnail

The 6 Best Methods for Finding a Rent-to-Own Home

HomeLight

A rent-to-own home is an agreement that allows the renter to buy the home from the landlord after a specific lease period. This is essentially a security deposit that ensures your right to purchase the property at the end of the lease. The purchase price of the home is locked in upfront to save any negotiation at the end of the lease.