HomeLight

MAY 24, 2021

A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Remember, if you’re financing the purchase, you might not be able to eliminate some contingencies.

Pre-qualification 106

Pre-qualification Pre-approval Purchase and sale agreement Loans 106

HomeLight

AUGUST 31, 2021

The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. The most obvious contingency with an offer that requires financing is, of course, the financing itself. There’s no financing contingency.

Due diligence 78

Due diligence Inspection Pre-approval Pre-qualification 78

HomeLight

JANUARY 4, 2022

According to a Q3 2021 study by ATTOM Data Solutions, all-cash home sales are at their highest level since the first quarter of 2015, with 34% of all single-family homes and condos purchased without financing. “In Who’s paying cash for houses? Reasons to sell your house for cash.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. Conforming loans are given to buyers who fit into the qualification guidelines set by the entities Fannie Mae and Freddie Mac, who purchase loans after they are originated. Loans are between 3%-3.5%

Closing 94

Closing Earnest money deposit Sales Inspection 94

HomeLight

DECEMBER 14, 2021

Be sure and ask any agent that you’re interviewing about these qualifications. Pre-listing or when looking at houses, and when evaluating offers.In It could be the close date, repairs, or a rent back period. A good agent knows how to handle the back and forth of negotiations.

Pre-qualification 104

Pre-qualification Earnest money deposit Agents Days on market 104

HomeLight

DECEMBER 14, 2021

Be sure and ask any agent that you’re interviewing about their qualifications. Pre-listing or when looking at houses, and when evaluating offers.In It could be the close date, repairs, or a rent back period. A good agent knows how to handle the back and forth of negotiations.

Earnest money deposit 95

Earnest money deposit Agents Days on market Sales 95