HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Negotiate repairs Remember that everything is negotiable.

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HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” For added insight on using credits wisely, we consulted top real estate agent Topher Kauffman , who has closed 82% more single-family home sales than the average agent in Summerville, South Carolina. Source: (Annie Spratt / Unsplash).

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HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. FHA loans FHA loans are geared toward borrowers with lower income and have more lenient credit score and down payment requirements than conventional loans.

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HomeLight

JULY 31, 2022

Even before you decided to put your home up for sale, you probably knew making minor repairs and sprucing up your home would increase the chances of attracting the right buyers and getting a great offer. It’s important to distinguish that appraisals are not intended to be a home inspection. FHA loans must meet very specific standards.

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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. It’s a seller’s market, and they strongly prefer an “as is” sale,” she adds. Either that or it’s not a distressed property.

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HomeLight

AUGUST 9, 2022

If you back out of the sales agreement and your reason for doing so isn’t covered by contingency written into the contract, the seller can keep your earnest money. So, someone could literally buy a $700,000 house with no money down with a VA loan,” says May. The deal is done! And that’s the deal with down payments.

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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. Negotiate repairs.

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HomeLight

SEPTEMBER 1, 2022

Non-conforming loans are for borrowers who do not fit into the guidelines set by Fannie and Freddie and are not eligible to be purchased by them — jumbo loans are an example of this because they offer loan amounts above the limits set by Fannie and Freddie. down payment. 500-579 = 10% down payment. Years of Experience.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 89

HomeLight

MAY 28, 2021

An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. You’ll be on the hook for the entirety of those repairs, and you can’t expect any financial help from the seller if you pursue the sale. In some as-is home sales, you might see a “where-is” specification added in.

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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. Can I wrap the home inspection into closing costs? Most inspection companies around here like to get paid before they provide the inspection report.

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Realty Biz

JUNE 7, 2021

That means the bank will loan 80% of the value of the house and the buyer needs to pay cash for the other 20%. In this case, the loan to value is 80%. Of course, there are many FHA loans out there with a down payment of 3.5%. A home inspection contingency means that no unknown major problems are found with the house.

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HomeLight

DECEMBER 29, 2021

Savvy sellers know that if their home is priced right, they stand a very good chance of having it appraise accordingly, and keep the sale on track. Data from CoreLogic indicates that in May 2021, about 20% of home appraisals came in lower than the sales price. The lack of routine maintenance can cost you 10% on the sales price.

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HomeLight

AUGUST 24, 2022

According to Todd Auslander , who completes 27% more sales than the average Stamford, Connecticut agent, selling a house ‘as is’ in Connecticut is mostly done when the owner inherits the house, lives out of state, or the house is in really bad condition. Median sales price in Connecticut. Estate sales. Request Offer.

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HomeLight

DECEMBER 23, 2021

Get started with our Simple Sale platform and a no-obligation offer. For example, FHA loans typically won’t allow buyers to purchase properties with unpermitted converted garages or outdated electrical panels. According to both Barker and Davis, the home inspection is when most code violations are discovered.

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HomeLight

OCTOBER 29, 2021

Housing shortages, bidding wars, and fast-moving sales abound, coupled with historically low interest rates. One of the perks that comes with being a first-time buyer is that there are a wide range of programs that can help you get into a home: FHA loans. Contingencies are conditions that a buyer puts into their offer.

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Redfin

FEBRUARY 10, 2021

Later in the year, the worst of the pandemic will hopefully be behind us, and as businesses reopen and daily activities become safer, a new batch of homebuyers and sellers will enter the housing market, making for the strongest year of home sales since 2006. ”. There is a shortage of homes for sale. We’re in a seller’s market.

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Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

HomeLight

AUGUST 12, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in California. As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Skip repairs and close in as few as 10 days.

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