Rochester Real Estate

NOVEMBER 5, 2015

The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. Realtors excel at researching properties using the Multiple Listing Service (MLS). Navigating the Mortgage Approval Process Securing a mortgage is a vital step in buying a house.

Purchase and sale agreement

HomeLight

JULY 29, 2025

Fast facts about selling a house ‘as is’ in Kentucky Median sales price in Kentucky $285,000 Average days on market (DOM) for Kentucky 13 days Disclosures Kentucky law requires sellers to disclose material facts about the property through the Kentucky Sellers Disclosure of Property Condition MLS has a field to mark a listing “as is”?

As-is

Redfin

JUNE 17, 2025

Time to prepare: a bumpable status gives you a window to get pre-approved and prepare a strong offer. Submit a pre-approval letter: Show sellers you’re financially ready and serious by including a pre-approval with your offer. How can I tell if a home is bumpable? How can I avoid being a bumpable buyer?

Backup offer

AAOA

MAY 5, 2025

These homes are typically under foreclosure, in pre-foreclosure, or have already been repossessed by a lender or bank. This can be a win-win for investors and sellers, but it often requires you to negotiate and get approval from your lender quickly. Secure Finances Early Distressed properties dont wait aroundthey move fast.

Bankruptcy

Marco Santarelli

FEBRUARY 8, 2025

Lisa Sturtevant , the chief economist at Bright MLS, highlighted the “mixed bag” aspect of the report. He said that the job market remains reasonably strong, noting that job growth over the past three months has averaged a gain of 237,000 , which is likely above what can be sustained for the whole year.

Mortgages

Housing Wire

NOVEMBER 20, 2023

Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. Smart loan officers will offer to work directly with listing agents to vet offers and provide pre-approvals.

Pre-approval

Housing Wire

JUNE 3, 2024

The core skills of Roof AI revolve around functions such as searching for properties, finding an agent and starting the mortgage financing process. “We For specific questions such as ‘What’s the difference between pre-approval and a prequalification?’, We chose Roof AI for its seamless integration with the MLS.

Technology

Housing Wire

NOVEMBER 8, 2021

Agents listing older or more rundown homes will frequently leave notes in the MLS saying that the home will not pass VA appraisal and therefore they are not accepting any VA offers. This, however, doesn’t stop VA buyers from submitting an offer on the home. That never happens when a VA loan is involved.

VA loan

Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Self-paced online Gold Coast School $263 Classroom, livestream, or online MLS Campus Real Estate School $83.88 out of 5.

Purchase and sale agreement

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. After you complete all six courses, you’ll have to take and pass the pre-license course final exam. That’s a longer program than in most states. How much exactly?

Pre-approval

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. Step 1: Complete the prelicensing education requirements Applying for an Ohio real estate agent license starts with fulfilling the 120-hour sales associate pre-licensing education requirement.

Brokerage

HomeLight

JANUARY 3, 2024

Oriana Shea , a top-rated agent in California who has been helping homebuyers for 26 years, says that, depending on local multiple list service (MLS) rules and where the property is located, a listing might actually be tagged as “contingent” rather than under contract. What contingencies might be attached to ‘under contract’ listings?

Purchase and sale agreement

The Close

FEBRUARY 14, 2024

After all, a new listing on the MLS gets the most attention in the first week. Selling a home is the same—it’s not just a sign in the yard and a posting on the MLS. Navigating the Selling Process Myth #8: Getting Pre-approved Should Happen After Finding Your Perfect Home House hunting can be exhausting.

Pre-approval

HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Pre-inspection. Getting a pre-listing inspection can facilitate a quicker sale because it eliminates surprises – and gives the seller time to fix major flaws.

Purchase and sale agreement

HomeLight

SEPTEMBER 30, 2020

You’re finally ready to purchase a home and after doing some research online, you think that exploring your options around how to buy a HUD Home might be a good fit for your lifestyle and finances. Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan.

Earnest money deposit

HomeLight

NOVEMBER 9, 2021

A traditional home sale in which a seller lists with an agent and a buyer finances with a mortgage takes approximately 18-30 days to go under contract, plus an additional 30-45 days to closing. Buyer’s financing method. Buyer’s financing method. It’s going to take more time to sell to a buyer who finances with a mortgage.

Purchase and sale agreement

Realty Biz

JANUARY 19, 2024

Let's start with some detailed information and actionable tips on financing. From preparing your finances and exploring mortgage options to calculating your budget, these steps set you on the right path toward finding your dream home. This documentation will be necessary when applying for a mortgage pre-approval.

Debt-to-income ratio

BAM Media

AUGUST 7, 2024

When it comes to the NAR settlement —based on a survey that was done with BAM and 1000watt—77% of sellers are willing to offer buyer agent compensation outside of the MLS. Also, these buyers are typically pre-approved. If they need financing, they’ve been financially vetted.

Agents

Realtor.com

NOVEMBER 28, 2022

. “Two-thirds of homeowners right now are sitting on a sub-4% mortgage, and about a quarter are sitting on a sub-3% mortgage,” says Lisa Sturtevant , chief economist of the Bright MLS. It can also get you a deal since all-cash offers typically result in a 3% to 4% discount over a financed offer, Hardy notes.

Marketing

Realty Biz

NOVEMBER 11, 2020

The Mortgage Financing Contingency. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan. Perhaps, they have taken out a fresh loan, or their situation has changed in some other way since pre-approval. These appraisal tips will help.

Backup offer

CT Homes

SEPTEMBER 29, 2020

If you are using lender financing, the more money down the more likely your loan will be accepted. An all cash offer that can close in days is much more powerful than one with lender financing and a 45 day wait time. This eliminates a large part of the process and can shave weeks off the approval time. Click Here to Learn More.

Earnest money deposit

HomeLight

SEPTEMBER 20, 2022

People had done 100% financing on their homes,” says Jessica Wallace , a top-selling agent based in the Santa Cruz, California area, so they had zero equity when “the market dropped 10%.”. That’s because even if the homeowner has approved the offer, “the lender can come back six months later and say, ‘No, we will not accept this price.’

Short sale

HomeLight

OCTOBER 5, 2020

” She adds, “You need a strong pre-qualification letter from a legitimate lender, and there’s no getting around that. There is a process you must follow to get pre-approved for a mortgage. And it’s even better if you can get pre-underwritten. Let’s take a more in-depth look at these requirements.

Short sale

HomeLight

SEPTEMBER 30, 2021

If you’re financing your purchase with a mortgage loan, your new property most likely needs to undergo an appraisal to complete the transaction process. So, given 78% of buyers financed their purchase in August 2021 , there’s a good chance you will encounter an appraisal at some point before closing. Option 5: Pay more for the house.

Pre-approval

HomeLight

OCTOBER 4, 2021

If you have bad credit or circumstances that are preventing you from mortgage approval, a rent-to-own agreement can give you time to iron out the issues while living in the home that you plan to purchase. Rent-to-own provides the opportunity to build your credit score by paying rent while simultaneously living in the home.

Purchase and sale agreement

Marco Santarelli

AUGUST 17, 2020

It is more than a website for letting you browse property listings, though its large MLS database is reason enough to make it to this list. Zillow Home Loans, Zillow’s affiliated lender, provides mortgage pre-approval and financing. It is unusual for letting you search specifically for foreclosures and newly built homes.

Purchase and sale agreement

Toronto Realty Blog

FEBRUARY 22, 2021

As I wrote last week, bully offers are quite prevalent in our market right now, and you’d almost have to expect that any decent house is going to attract a pre-emptive bid. I would also have added that there’s no such thing as “a bank approving the sale,” which is just jargon. Well of course you don’t!

Pre-approval

Realty Biz

JANUARY 12, 2021

Today, traditional investing involves finding available properties on the internet-based MLS (multiple listing system). It means proving you are pre-qualified for a loan before you know what house you might buy. Once you have an offer accepted, a whole new set of people start looking at the agreement to see if they approve.

Purchase and sale agreement

Kyle Handy

MAY 10, 2023

You don’t have to be a finance major to make it happen. Drop Off the Pre-Listing Package Once you have completed your comparative market analysis, now’s a good time to go drop off a real estate pre-listing package (for occupied homes) A pre-listing package is a “surprise” bonus and sets the stage for your appointment.

Pre-approval

HomeLight

DECEMBER 6, 2022

Murphy says some New Jersey towns offer full-day pre-K. To give your home the most exposure, pay to have your home put on your local MLS ( multiple listing service ) — a platform agents use to share properties with one another as well as major real estate sites. Pay an agent to list your home on the MLS. List your home online.

Purchase and sale agreement

HomeLight

AUGUST 25, 2020

“The sellers that we’ve been able to help with their properties, it’s usually something along the lines of, their home might need some repairs, and they don’t have the finances to be able to pay for those repairs before it hits the market,” he says. Selling to a friend or family member.

Marketing

HomeLight

OCTOBER 9, 2023

If you are approved for up to $450,000, I recommend shopping for homes between $350,000 and $425,000,” says Wordelman. “In If your area is on the cusp of a second MLS system, make sure your agent prepares searches using both regions,” she says. “As I see so many offers come across my desk without pre-qualification letters,” he says. “A

Pre-qualification

HomeLight

NOVEMBER 21, 2022

To give your home the most exposure, pay to have your home put on your local MLS ( multiple listing service ) — a platform agents use to share properties with one another as well as major real estate sites. Only licensed real estate agents and brokers who are MLS members can post to the MLS. South Carolina Flat Fee MLS.

Purchase and sale agreement

BAM Media

MAY 27, 2025

But if your presentation still promises to help someone find their dream home and get pre-approved, youre blending in with every other agent and getting treated like one, too. One that fits their lifestyle, their finances, and their long-term goals. Start talking about the right home instead. You can do better.

Pre-approval

HomeLight

MARCH 31, 2022

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. A pre-sale inspection also won’t necessarily stop a buyer from procuring their own independent inspection before closing. Get a pre-listing appraisal.

Purchase and sale agreement

HomeLight

JANUARY 3, 2023

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Since you won’t be able to access MLS data without a real estate license, you’ll need to look at major home search sites to collect your data. Get a pre-listing appraisal.

Purchase and sale agreement

HomeLight

MAY 19, 2022

MLS has field to mark a listing “as is”? Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Not every buyer who has an approval letter will get to the finish line.”. Disclosures.

As-is