HomeLight

DECEMBER 29, 2021

FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. You can’t always avoid [a low appraisal],” says Megan Walters , a top-rated agent who sells homes 40% faster than the average agent in her Columbia, Missouri, market. Are low appraisals common?

Purchase and sale agreement

HomeLight

JANUARY 6, 2021

What is a home inspection? When you make an offer on a home, your agent will probably advise you to include an inspection contingency. As Orr puts it, “sometimes you want an inspection just to simply have a checklist of improvements to make on the home down the road.”. How much does a home inspection cost?

Inspection

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? They’ll have specialized market information that others won’t. Whether this will work depends on your market and how competitive it is. They’ll know what’s possible (and likely) in your market, at your price point.

Closing costs

HomeLight

SEPTEMBER 1, 2022

With the current shifting market, financing is heavily looked at, and there’s a preference for a local lender that understands the process here.”. For example, in Fairfield County, CT, the maximum loan amount is $695,750 for single family homes, while in New Haven-Milford County, the loan limit is $420,680. Special programs.

Earnest money deposit

HomeLight

SEPTEMBER 1, 2022

For example, in Alachua County, FL, the maximum loan amount is $420,680 for a single-family home, while in Monroe County, FL the loan limit is $710,700. Find the FHA loan limit for homes in the county you are looking to purchase in here. VA loans : For veterans, service members, and surviving spouses. Maria Raymer.

Earnest money deposit

HomeLight

MARCH 2, 2023

Henderson says that while connecting with a reputable agent who knows the San Diego market is important, one thing potential buyers should be sure to do is to align themselves with a great lender. Department of Housing and Urban Development (HUD) website to find the FHA loan limit in the county where you’re shopping for a home.

Closing

HomeLight

MARCH 6, 2023

The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” For example, in Alameda County, the maximum loan amount is $1,089,300 for single-family homes, while in nearby San Joaquin County, which includes the cities of Stockton and Manteca, the loan limit is $656,650.

Earnest money deposit

HomeLight

JULY 31, 2022

It’s important to distinguish that appraisals are not intended to be a home inspection. While an appraisal is not in the same category as the more in-depth home inspection, different mortgage types (such as conventional loans or government-backed FHA , USDA, or VA loans ) have different minimum property standards.

Closing

Redfin

AUGUST 29, 2024

FHA loan: These loans are backed by the Federal Housing Authority (FHA) and primarily help low-to-moderate-income borrowers who are less likely to qualify for conventional loans. VA loan: Backed by the U.S. VA loans don’t require a down payment, among other benefits. What’s an earnest money deposit?

Earnest money deposit

HomeLight

DECEMBER 29, 2023

“Typically, the reasons are like an estate sale where they’ve inherited the property, and they don’t have the funds or the inclination to prepare the property for the market. But, the seller has an advantage in that particular market, ” according to Alicia Sierra , a top St. Louis market,” she says.

As-is

HomeLight

OCTOBER 29, 2021

Let’s be honest: 2020 (and the bulk of 2021) have been pretty intense for all of us, and in many regions, the real estate market seems to reflect that stress. Take a look at these tips and insight into finding your way to homeownership as a first time buyer , as well as some things that you really shouldn’t do in today’s market.

Inspection

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Average time decreased from earlier in the year, when the market was extremely hot. In January 2021, the average time to close was 58 days.

Closing

Windemere Buying

OCTOBER 18, 2021

Not looking for other loans With a little resourcefulness, you can tap into new sources of financial support that will help to ease the burden of making a home purchase. VA Loans can be a lifesaver for active service and veteran personnel, offering zero down payment and lower-than-average mortgage rates.

Pre-approval

HomeLight

AUGUST 24, 2022

Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average days on market for Connecticut. He’s also familiar with the local market conditions, and can advise the seller on things to do to make the house more appealing to buyers.

As-is

Redfin

FEBRUARY 10, 2021

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

Debt-to-income ratio

HomeLight

JUNE 30, 2022

Real estate agents are professionals who know their local housing market, its conditions, and the homebuying process as a whole. Even in a competitive housing market, where buyers are waiving inspection contingencies , it’s always a good idea to get an inspection so you know what exactly is wrong with the house before you take ownership.

Purchase and sale agreement

HomeLight

MARCH 13, 2023

Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67 Need to Sell Your House Fast in Orlando? million people by 2030.

Sales

HomeLight

AUGUST 9, 2022

Veterans have access to the Veterans Affairs (VA) loan when buying a home , a great benefit of serving the country as a current active military member, a military veteran, or as a surviving spouse of someone in the military. A VA loan provides 100% financing with no money down — so no down payment.

Earnest money deposit

HomeLight

MAY 28, 2021

When you see the term “sold as-is” on a listing or marketing material, that means the seller is telling you upfront they are selling the property in the exact condition you see it in. An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line.

As-is

HomeLight

AUGUST 12, 2022

Average days on market for California. They’ve not necessarily grown out of the home,” says Hernandez, who has 16 years of experience in the market, “but, they don’t have the resources to keep up with it.” We’re marketing a previously loved property that needs a little bit more TLC from the next homeowner.”. Disclosures.

As-is