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Opinion: What you need to know for a successful real estate transaction

Housing Wire

Real estate transactions can be complicated, especially when it comes to titles and escrow. As a professional in the industry with over twenty years of experience, I know that two of the most crucial aspects of any real estate transaction are title and escrow. So why are title and escrow so important?

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. While financing may be pre-approved, the process is complex. Home inspection problems. The title search reveals issues.

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15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying.

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What your customer should know before making an offer

Real Trends

They need to understand: What earnest money is and what happens to it if the sale falls through (and if it doesn’t) How long the seller has to respond to an offer Who is responsible for an inspection What happens if an inspection reveals significant problems that require repair. Contingencies. Homeowner’s insurance.

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4 signs a pending home sale will fall through

Real Trends

Inspection issues. An inspection can often reveal major issues that either side would not have been aware of. Whatever side you are on, being aware of inspection issues and how to work with them will be paramount in increasing your close rate. Financing fallout. Reasons your deal may slip: 1. Asynchronous appraisal.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry. That’s why a home inspection is so important if you’re able to do one.

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Best Methods For Quickly Selling Your Home

Realty Biz

In addition, an experienced agent will have established relationships with other industry professionals, such as mortgage lenders, home inspectors , and title companies. It involves various steps, such as the verification of documents, title search, and fund disbursement.