Remove FHA loan Remove Inspection Remove Pre-approval Remove Purchase and sale agreement
article thumbnail

Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. You may likely be asked to sign a buyer's agency agreement. What is a Buyer's Agent Agreement?

article thumbnail

How Long Does It Take to Close on a House From Start to Finish?

HomeLight

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. Conventional loan.

Closing 111
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Ultimate Guide to Buying a House in Georgia

Redfin

Despite this shifting demand, the median sale price has continued its steady ascent, increasing by 1.3% 2: Augusta, GA Median home price: $211,950 Augusta, GA homes for sale Augusta is perhaps best known for hosting the prestigious Masters Tournament, attracting golf enthusiasts worldwide. year-over-year. compared to the previous year.

article thumbnail

42 Steps to Homeownership: The Resourceful Buyer’s Go-To Guide

HomeLight

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. The higher your score, the more likely you’ll be approved for a mortgage, and the better rate you’ll be offered. Here’s a quick breakdown: Loan type. Competitive rates, widely available, lower fees than FHA loans.

article thumbnail

Get Ahead of Appraiser Required Repairs: How Sellers Can Avoid the Most Common Closing Killers

HomeLight

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. What are minimum property standards?

Closing 98
article thumbnail

How to Buy a Preforeclosure Successfully: A 13-Step Beginner’s Guide

HomeLight

In fact, the homeowner might even have a plan to catch up on the mortgage, and in the end, the home won’t end up in any kind of sale.). If you’re going to be buying the preforeclosure with a mortgage, your purchase agreement is contingent on your ability to secure a loan, so getting preapproved is important.

article thumbnail

What Is the Average Cost of a Home Appraisal in California?

HomeLight

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Appraisals are typically needed when applying for a mortgage or refinancing a home loan. What's Your California Home Worth? According to Daniel R.