Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Make sure your buyers understand the difference between being prequalified, preapproved and loan-committed.

Proof of funds 414

Proof of funds Inspection contingency Inspection MLS 414

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. In turn, you may need to show proof of funding for those repairs before the loan is approved. .

Construction 69

Construction Inspection Proof of funds Renovation 69

HomeLight

MARCH 13, 2023

New construction surge contributing to competition for buyers. They may want to avoid the 6% interest rate of a loan by buying with cash. No pre-qualifying for a loan. Instead, however, he advises sellers to validate cash buyers for proof of funds. iBuyers see opportunity in Austin. It’s a simple equation.”

Sales 78

Sales Investor House Flipping Pre-approval 78

HomeLight

NOVEMBER 21, 2022

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. Require everything in writing.

Purchase and sale agreement 85

Purchase and sale agreement MLS Pre-approval Agents 85