HomeLight

DECEMBER 29, 2023

“Typically, the reasons are like an estate sale where they’ve inherited the property, and they don’t have the funds or the inclination to prepare the property for the market. But, the seller has an advantage in that particular market, ” according to Alicia Sierra , a top St. Louis market,” she says.

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HomeLight

JULY 31, 2022

Before properties can be financed, their value and condition is typically examined by a state-licensed, independent appraiser contracted by the buyer’s mortgage company. It’s important to distinguish that appraisals are not intended to be a home inspection. How does a buyer’s loan type affect minimum property standards?

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HomeLight

MARCH 6, 2023

The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” Loans are between 3%-3.5% FHA loans FHA loans are geared toward borrowers with lower income and have more lenient credit scores and down payment requirements than conventional loans.

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HomeLight

SEPTEMBER 1, 2022

Raymer says that for her clients, especially first-time buyers, she suggests an FHA loan, which only requires 3.5% FHA is really one of the best options,” she advises. An FHA loan is insured by the Federal Housing Administration and available from FHA-approved lenders. down payment.

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HomeLight

MARCH 2, 2023

Henderson says that while connecting with a reputable agent who knows the San Diego market is important, one thing potential buyers should be sure to do is to align themselves with a great lender. Loans are between 3%-3.5% Similar to conventional conforming loans in this way, FHA loans have loan limits that vary from county to county.

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HomeLight

MAY 28, 2021

When you see the term “sold as-is” on a listing or marketing material, that means the seller is telling you upfront they are selling the property in the exact condition you see it in. A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home.

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HomeLight

JANUARY 14, 2022

Buyers and their real estate agents are typically allowed to be present for the inspection , giving them the opportunity to ask additional questions about the property. This type of inspection can help sellers get a jump start on repairs, and it can reduce points of negotiation when closing time comes along. Pest inspection.

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HomeLight

MARCH 31, 2021

The prevalence of seller credits varies depending on local market conditions. For example, if you’re selling in a hot seller’s market , you might not need to offer seller credits to move a deal forward, especially if the buyer is competing with other offers. The home inspection identifies deep cracks in the driveway as a safety hazard.

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HomeLight

AUGUST 24, 2022

Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average days on market for Connecticut. He’s also familiar with the local market conditions, and can advise the seller on things to do to make the house more appealing to buyers.

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HomeLight

DECEMBER 29, 2021

Whenever a buyer is financing the purchase of a home or refinancing a mortgage , an appraisal of the property is required in order to assure the lender that the value of the property matches the amount of the loan, according to the Appraisal Institute , the nation’s largest professional association of real estate appraisers.

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HomeLight

DECEMBER 23, 2021

For example, FHA loans typically won’t allow buyers to purchase properties with unpermitted converted garages or outdated electrical panels. Because many buyers include a home inspection contingency , they can walk away from a sale after discovering major code violations. Can code violations reduce your buyer pool?

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HomeLight

OCTOBER 29, 2021

Let’s be honest: 2020 (and the bulk of 2021) have been pretty intense for all of us, and in many regions, the real estate market seems to reflect that stress. Take a look at these tips and insight into finding your way to homeownership as a first time buyer , as well as some things that you really shouldn’t do in today’s market.

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Redfin

FEBRUARY 10, 2021

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

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HomeLight

AUGUST 12, 2022

Average days on market for California. They’ve not necessarily grown out of the home,” says Hernandez, who has 16 years of experience in the market, “but, they don’t have the resources to keep up with it.” We’re marketing a previously loved property that needs a little bit more TLC from the next homeowner.”. Disclosures.

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