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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

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. Maximum Real Estate Exposure is an insightful resource for explaining buyer agency agreements. What is a Buyer's Agent Agreement?

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Powerful Reasons For a Seller Credit in Real Estate

Realty Biz

A credit in home sales can be given for several reasons. Essentially, seller credits are a form of financial incentive the seller provides to the buyer to help cover certain costs associated with purchasing a property. During the inspection, it was found that the heating system needed to be replaced.

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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.

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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. Here’s a quick breakdown: Loan type. Competitive rates, widely available, lower fees than FHA loans. FHA (government-backed). Accessible home loans for buyers with lower income and distressed credit.

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

It’s the first financial move you’ll make in securing your new home purchase. Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. Let’s jump in! Property taxes. Escrow fee.

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Your Top 11 Questions About Down Payments, Answered (Including: What’s an Average Down Payment?)

HomeLight

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. FHA loans. A Federal Housing Administration (FHA) loan is a government-backed mortgage loan. USDA loans. Home loan benefits and housing programs offered through the U.S.

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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?

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