HomeLight

NOVEMBER 9, 2021

Keep in mind though, that a home that needs major repairs may slow or derail a sale to traditional buyers who are financing with a mortgage. Most buyers get an inspection, which may initiate repairs or re-negotiations. In fact, the mortgage process is the most common culprit for slowing down the sale. Preparing the home.

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Purchase and sale agreement Home sale contingency Title search Inspection 98

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. Loan approval. Repairs identified in the inspection.

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HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Get a pre-listing appraisal.

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HomeLight

MARCH 31, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale.

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HomeLight

JUNE 17, 2022

So, if you were at a four percent interest rate — and you were approved to $500,000 if the interest rates went up to five percent versus four percent, now you’d only be approved to $450,000,” says Carpenter. But more importantly, the issues a home inspection reveals can even be more costly which the buyer is willing to forgo.

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Inspection Pre-approval Inspection contingency Renovation 109

HomeLight

JUNE 30, 2021

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 93

HomeLight

MARCH 13, 2023

They need to sell quickly to stop foreclosure or stop a tax sale,” says Joseph. When time is of the essence, a cash sale could be the quickest solution. More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all.

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Sales Investor Due diligence Renovation 93

HomeLight

APRIL 21, 2022

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. If specific criteria aren’t met, the deal can fall through; i.e., the sale is contingent upon various factors outlined in the offer.

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