HomeLight

OCTOBER 20, 2022

You can ask for proof of funds and a mortgage pre-approval letter. If the buyer is financing the purchase, they’ll typically want to conduct an inspection. These are often problems with titling or financing. Open houses typically last for a few hours on the weekend. Stand by for inspection.

Purchase and sale agreement 99

Purchase and sale agreement Pre-approval Inspection MLS 99

HomeLight

DECEMBER 6, 2022

She explains that people browsing online are prompted to click on links to obtain more information, schedule a showing, or get financing. So your due diligence should include contacting the lender to ask about the type of financing and whether the buyer has the qualifications to be approved for a loan.

Purchase and sale agreement 75

Purchase and sale agreement MLS Pre-approval Agents 75

HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Require everything in writing. See the next step!)

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MLS Agents Sales Proof of funds 67

HomeLight

APRIL 27, 2023

Here are key considerations when considering an offer on your Kentucky home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Require everything in writing. Remember, you can counter-offer and negotiate. Look for a good real estate attorney. See the next step!)

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MLS Agents Sales Mortgage pre-approval letter 65

HomeLight

NOVEMBER 21, 2022

“With our current climate of changing interest rates, that same pre-approval from a month ago may not be valid today for the price of their home,” Richter adds. Without carefully vetting the buyer, the sale could go up in smoke if you accept an offer from the wrong buyer who can’t obtain financing. Require everything in writing.

Purchase and sale agreement 74

Purchase and sale agreement MLS Pre-approval Agents 74

HomeLight

DECEMBER 6, 2022

However, a pre-listing inspection can turn up issues of which you’re unaware, saving you time and money by handling any necessary repairs before a buyer enters the mix. Two big reasons for ‘sale fails’ are inspections and financing,” Knipe adds. Make sense of the research. Before signing anything, Knipe says to do your due diligence.

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MLS Agents Sales Inspection 81

HomeLight

NOVEMBER 23, 2022

However, cautions Raymond, “It’s a good start, but you also have to remember that the bank (financing a buyer’s loan) is going to do their own appraisal. Before signing anything, you’ll need to do your due diligence to evaluate the terms of the offer and assess whether the buyer’s financing looks satisfactory.

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MLS Agents Sales Closing 79