Marco Santarelli

APRIL 27, 2025

It's clean, simple, and almost guaranteed to close (barring inspection issues). High Mortgage Rates Are the Big Story: As of mid-April 2025, the average 30-year fixed-rate mortgage was hovering around 6.83% , according to Freddie Mac data mentioned in the report. The cash offer? Sellers love certainty.

Finance 52

Finance Loans Inspection Closing 52

HomeLight

JUNE 14, 2023

Escalation clauses were especially popular from mid-2020 to mid-2022 when low interest rates and the pandemic’s emphasis on home drove housing demand through the roof. Even though, as of this writing, mortgage interest rates are at 6.4% Since then, they’ve become less prevalent but are still fairly common.

Finance 94

Finance Agents As-is Proof of funds 94

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Got Clients With Interest Rate Questions?

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98