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.

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Brokerage Pre-approval Agents As-is 386

Real Trends

MAY 10, 2023

Meanwhile, until you have your magic number of listings , which is the number of active listings you must have at all times to meet or exceed your monthly financial goals, prequalify all of your buyers using our buyer pre-qualification script. ” This question covers all of the bases with regard to finding out about their financing.

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Pre-qualification Pre-approval MLS Agents 62

Real Trends

OCTOBER 1, 2022

Get your knowledge updated about adjustable rate mortgages, buydowns, seller financing, and other alternatives to the 30-year fixed. It’s not good enough to just be pre-approved. Your buyer needs to be under loan approval, pending identification of the property and possibly the appraisal — nothing else!

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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.

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Marketing Pre-approval Equity Finance 119

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.

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Purchase and sale agreement Pre-qualification Pre-approval MLS 69

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.

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Pre-approval Seller disclosure Agents As-is 98

The Close

FEBRUARY 6, 2024

The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. Also, understand the difference between a prequalifying and a pre-approval letter.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

Ryan Serhant

APRIL 29, 2022

Complete 90 hours of state-approved pre-licensing education. Complete 90 hours of state-approved pre-licensing education. . In Oklahoma, pre-licensing education includes information on contract law, listing agreements, real estate finance, closings, Oklahoma laws and much more. . Find a sponsoring broker.

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Pre-approval Brokerage Sales As-is 52

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.

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Purchase and sale agreement Home sale contingency Title search Inspection 81

Ryan Serhant

MARCH 29, 2022

Complete 70 hours of state-approved pre-licensing education. Complete 70 hours of state-approved pre-licensing education. . The Montana Board of Realty Regulation (MBRR) requires all prospective real estate agents to complete 70 hours of pre-licensing education before taking the real estate licensing exam.

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Pre-approval Brokerage Agents MLS 52

Ryan Serhant

APRIL 27, 2022

Complete 72 hours of state-approved pre-licensing education. Complete 72 hours of state-approved pre-licensing education. . The pre-licensing education includes the 48-Hour Salesperson Pre-Examination Course and the 24-Hour Missouri Real Estate Practice (MREP) Course. Pass the course final exam.

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Pre-approval Brokerage Agents As-is 52

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.

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Pre-approval Seller concession Finance Banks 89

Windemere Buying

JULY 8, 2022

Their access to the Multiple Listing Service (MLS) allows them to search the widest network of available homes to find the ones that match your budget and criteria. Mortgage brokers are instrumental in getting your financing for your home purchase secured and provide guidance on which loan products may work best for you.

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Agents Pre-qualification Mortgages Pre-approval 52

Ryan Serhant

MARCH 16, 2022

Meet the pre-qualifications. Complete 40 hours of approved VT pre-licensing education. Meet the pre-qualifications. . Meet the pre-qualifications. . You must meet a few pre-qualifications from the Vermont Real Estate Commission (VREC) before you can start working on your license education.

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Pre-qualification Pre-approval Brokerage Land 52

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.

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Earnest money deposit Pre-approval Inspection Finance 103

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.

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Point2Homes

JUNE 23, 2021

You will still need to check MLS listings, research the local market, consider your financing options, obtain an appraisal and inspection, make an offer , negotiate and close the deal. The best way to avoid this scenario is to get pre-approved with the lender selling that property. Buying an REO Property.

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Pre-approval Banks Title search Inspection 71

Ryan Serhant

APRIL 15, 2022

Meet the pre-qualifications. Meet the pre-qualifications. In Texas, you need to meet some pre-qualifications before you can start your real estate licensure journey. In Texas, you need to meet some pre-qualifications before you can start your real estate licensure journey. Real Estate Finance (30 classroom hours).

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Pre-qualification Pre-approval Brokerage Agents 52

Redfin

JULY 27, 2020

Fortunately, your real estate agent has access to a variety of databases, such as the multiple listing service (MLS) that provides more detail about comps. Every buyer should seek a pre-approved loan before the house hunting begins. Having this information is especially important once negotiations begin. Know your budget.

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Pre-approval Agents Sales Finance 59

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?

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Pre-approval Pre-qualification Brokerage Agents 376

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.

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Marketing MLS Pre-approval Sales 54

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.

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Purchase and sale agreement Inspection MLS Inspection contingency 94

Realty Biz

JUNE 21, 2022

Secondly, operators and realtors update their MLS news regularly, giving you access to the most topical housing options. Extra features are free-home tours (some even offer 3D tours) and pre-approval assistance. They have everything that belongs to the convoluted real estate finances at their finger’s ends.

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Pre-approval Design Agents Branding 76

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.

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Purchase and sale agreement Inspection Title MLS 87

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 52

Earnest money deposit Pre-approval Inspection Finance 52

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.

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Earnest money deposit Pre-approval Inspection Finance 52

HomeLight

JANUARY 3, 2022

However, there still are some contingencies to clear before they can close, such as the home inspection , the home appraisal , and the buyer’s lender approving their mortgage. Agents also can tap into a broad network of potential buyers through the Multiple Listing Service (MLS) and other connections. “We All of this takes time.

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Agents Title Inspection Title search 89

HomeLight

SEPTEMBER 15, 2022

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. Your home will be visible to pre-qualified, serious buyers. Step 4: Determine the qualification process for bidders.

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Pre-qualification Pre-approval Investor Agents 83

HomeLight

MAY 10, 2022

In case you aren’t familiar, iBuyers provide near-instant cash offers for homes, allow you to sell your home mostly or entirely online, and can facilitate much faster closings than a more traditional or financed buyer. Zillow transitioned from using direct MLS feeds to IDX in 2021. Mobile apps. Zillow operates nationwide.

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Brokerage Agents Pre-approval Sales 92

HomeLight

JANUARY 29, 2021

Cash buyers — including iBuyers and house buying companies — are individuals or entities that purchase your home outright, without the need for lender financing. Fill out basic information about your home and location, and introduce you to the highest bidder from our network of pre-approved buyers.

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Inspection MLS Staging Agents 63

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.

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Purchase and sale agreement Pre-approval Inspection MLS 98

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.

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Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Toronto Realty Blog

JUNE 7, 2023

They loved the house but, they were only pre-approved for $1,300,000 and there was nothing they could do. The developer decided to walk the first path and he sold the house conditional on financing for five business days. The house received eight offers and sold for $1,355,000. They were crushed.

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Development Agents Pre-approval As-is 67

Real Trends

FEBRUARY 27, 2023

Stop relying only on your MLS. Get more creative with your MLS searches. If your buyers keep losing out to multiple bids, search your MLS using the same criteria, but for homes that have been on the market for more than 60 days, more than 90 days, etc. Stagers are also a fantastic source of pre-listing leads.

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Marketing MLS Pre-approval Home sale contingency 94

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

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Pre-qualification Pre-approval Agents Loans 89

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.’

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Short sale Sales Pre-approval Equity 78

Ryan Serhant

APRIL 26, 2022

Meet the pre-qualifications. Complete pre-licensing education. Make sure you meet the pre-qualifications. . Complete pre-licensing education. . Once you determine your eligibility as an applicant, your real first step is to begin your pre-licensing education. Pass the pre-licensing course final exam. .

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Pre-qualification Pre-approval Brokerage Agents 52