Keeping Current Matters

JUNE 21, 2021

That’s why you should connect with a lender to get pre-approved for a loan early in the homebuying process. An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. Know Your Numbers. Bottom Line.

Inspection contingency 268

Inspection contingency Pre-approval Inspection Rent back 268

Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% Winning offers waived the appraisal contingency at a similar rate—20.6%—up The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. In June, 19.9% up from 17.4%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter. In fact, I suggest quite the opposite. What if there’s structural damage?”

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

Redfin

FEBRUARY 2, 2021

1) Get Pre-Approved for a Home Loan. If you’re a first-time homebuyer , one of the smartest things you can do to ensure your chances of buying the home you want is to apply for a pre-approval on a mortgage. Be Ready to Act Instantly in a Seller’s Market. 2) Get a Great Real Estate Agent. How to Make Your Best Offer .

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 64

HomeLight

APRIL 29, 2021

Your buyer’s loan approval is often the closing step that takes the longest. Do you need interim housing, a specific closing date, or a seller rent back ? To avoid repair negotiations, some sellers conduct a pre-listing inspection to get ahead of issues and make repairs in advance.

Purchase and sale agreement 96

Purchase and sale agreement Pre-approval Inspection Inspection contingency 96

Redfin

JULY 30, 2020

In New York City, some sellers aren’t even allowing buyers into their homes until they’ve been pre-approved for a mortgage, according to local Redfin agent Martin Freiman. . They sent a Seattle-based relative to attend an in-person showing and the pre-inspection, submitted an offer at 6:20 p.m.

Inspection contingency 72

Inspection contingency Purchase and sale agreement Pre-approval Inspection 72

HomeLight

AUGUST 31, 2021

The most obvious contingency with an offer that requires financing is, of course, the financing itself. submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 79