Housing Wire

DECEMBER 8, 2023

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. Should they consider new construction? Are they in a situation where they can compete for a home if necessary?

Proof of funds 395

Proof of funds Inspection contingency Inspection MLS 395

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. Getting financing and insurance can be more difficult.

Construction 68

Construction Inspection Proof of funds Renovation 68

HomeLight

MARCH 13, 2023

New construction surge contributing to competition for buyers. You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. Instead, however, he advises sellers to validate cash buyers for proof of funds. iBuyers see opportunity in Austin.

Sales 68

Sales Investor House Flipping Pre-approval 68

HomeLight

FEBRUARY 3, 2022

A cash buyer will offer the entire amount for the house with no mortgage or other type of financing involved. 2021 data from the National Association of Realtors, issues related to the buyer’s financing were responsible for 23% of delayed settlements. With advanced planning, new construction is another option. “If

Pre-approval 98

Pre-approval Staging Agents Proof of funds 98

Real Trends

JULY 11, 2022

The home inspection, appraisal and financing (cash) processes (along with who preferred vendors/providers are) in today’s market. Do you require that buyers be pre-qualified or submit proof of funds to work with you? Stats and data from reputable sources (like RealTrends ) about today’s market. How you serve your clients.

Proof of funds 52

Proof of funds Agents New Construction MLS 52

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!)

MLS 67

MLS Agents Sales Proof of funds 67

HomeLight

NOVEMBER 21, 2022

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. Require everything in writing.

Purchase and sale agreement 74

Purchase and sale agreement MLS Pre-approval Agents 74