Housing Wire
NOVEMBER 20, 2023
In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing.
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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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.
Windemere Buying
JUNE 22, 2022
You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer.
Redfin
MARCH 3, 2022
Although a delay in closing isn’t always the case, it’s best for both buyers and sellers to be aware of the common reasons for delayed closings. Financing issues. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. Delayed approvals from Homeowners Associations.
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.
HomeLight
DECEMBER 6, 2022
Not having agent representation could also lead to paying more in seller concessions. Murphy says some New Jersey towns offer full-day pre-K. Zillow is designed to work for the agent and not for the seller,” warns Murphy. Additions/remodels (structural changes, alterations, permits, and approvals).
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