HomeLight

JULY 31, 2020

Loan approval. In fact, buyers should go one step further (if they can) and get pre-underwritten for a loan , which offers even more security for both buyers and sellers. Problems with the title. Minimizing clouds in a title search requires the seller to be proactive. How it can delay closing. Dodge move.

Closing 112

Closing Purchase and sale agreement Title search Earnest money deposit 112

HomeLight

NOVEMBER 9, 2021

A buyer using a mortgage will most likely include the following contingencies (all of which have deadlines): Inspection contingency (note: this one is optional and buyers can choose to waive it). Appraisal contingency. Home sale contingency. Mortgage contingency. A title search can take up to 14 days.

Purchase and sale agreement 88

Purchase and sale agreement Home sale contingency Title search Inspection 88

Realty Biz

AUGUST 2, 2023

This can save you and the buyers time, allowing them to pre-screen the property before scheduling an in-person showing. Understanding the Escrow and Title Transfer Process During the closing process, your real estate agent, along with the assistance of a title company or attorney, will guide you through the escrow and title transfer process.

Purchase and sale agreement 93

Purchase and sale agreement Title Staging Inspection 93

HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Preliminary title report. Pre-inspection. Home inspection report. You can ask for proof of funds and a mortgage pre-approval letter.

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Purchase and sale agreement Pre-approval Inspection MLS 103

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Clear the title. Get final mortgage approval.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

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.

Purchase and sale agreement 84

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 84

HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Negotiable contingencies. Home inspections.

Purchase and sale agreement 79

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor.

Closing 90

Closing Earnest money deposit Sales Title 90

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. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Loans are between 3%-3.5% Do they need to do a rent-back on the house, or do they want a quick close?

Closing 95

Closing Earnest money deposit Sales Inspection 95

HomeLight

MARCH 13, 2023

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. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

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Sales Investor Due diligence Renovation 83

HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance.

Sales 67

Sales Purchase and sale agreement Earnest money deposit Investor 67