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.

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Purchase and sale agreement MLS Pre-approval Agents 76

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.

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Purchase and sale agreement MLS Pre-approval Agents 75

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 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 80

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. Require everything in writing. See the next step!).

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MLS Agents Sales Inspection 82

HomeLight

APRIL 26, 2023

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. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with.

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MLS Agents Sales Proof of funds 67

HomeLight

OCTOBER 20, 2022

Indiana state law ( IC 32-21-5-7 ) requires all sellers to file a disclosure form (such as the Seller’s Residential Indiana Real Estate Sales Disclosure State Form 46234) or a similar form that contains specific information about the condition of the home and its major systems and appliances. That will help verify the buyer’s financing.

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MLS Agents Mortgage pre-approval letter Sales 80