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Top 10 ways to get homebuyers to work with you

Housing Wire

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. In today’s market, having a preapproval, at the minimum, is a must. What steps must they take to achieve loan commitment?

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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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How much cash matters in a bidding war

Housing Wire

And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. You won’t win the bidding war.

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Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Consider keeping your finance contingency for your protection.

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How to Make a Winning Offer on a Home

Keeping Current Matters

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. Understand Your Finances. offers and is on the market for just 21 days. In a competitive market, it’s important to stay nimble throughout the negotiation process.

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5 Tips for Homebuyers Who Want to Make a Competitive Offer

Keeping Current Matters

Today’s real estate market has high buyer interest and low housing inventory. A recent article from Freddie Mac offers guidance on making an offer on a home in today’s market. Understand Your Finances. These are both results of today’s competitive market, showing how important it is to stay agile and vigilant in your search.

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What Does Contingent Mean in Real Estate?

HomeLight

Most real estate contracts — or roughly 80% — contain contingencies , according to data from the National Association of Realtors (NAR). As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. What are the most common contingencies?