Inspection Loans Pre-approval Rent back 
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.
RIS Media
APRIL 18, 2022
Buyers are waiving a home inspection. Allowing the seller to rent back for a specified amount of time. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. . Get pre-approved for a mortgage. The terms of the loan. Final thoughts.
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Realty Biz
MAY 1, 2022
When trying to compete with cash offers, getting a bank letter at your maximum loan amount is helpful. You don’t want to hang your hat on a seller looking at a pre-approval letter from some no-name lender. Waive The Home Inspection. One of the bigger stumbling blocks in any home purchase is the home inspection.
The Close
FEBRUARY 6, 2024
They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. That may sound like a lot to add, but when your buyers roll it into their mortgage, it should not change their monthly payment so much that it prevents them from qualifying for their loan.
Redfin
JULY 28, 2020
markets waived the inspection contingency, compared with just 13.2% The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. The share of offers that waived inspection contingencies dropped to 15% in April from 23.1% In June, 19.9%
HomeLight
APRIL 29, 2021
Your buyer’s loan approval is often the closing step that takes the longest. Ellie Mae estimates that it takes 46 days on average to close a loan. Issues like loan delays, survey issues, and title issues can stretch your closing weeks or longer. Your buyer will use the home inspection report to leverage a deal.
HomeLight
AUGUST 31, 2021
A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. Though you can (and should!)
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