HomeLight

JANUARY 5, 2022

“They help clients save money by representing both sides and a pre-arranged discount.”. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. Don’t: Be lenient on the pre-approval step.

Pre-approval 104

Pre-approval Purchase and sale agreement Title search Title 104

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. To ward off home-inspection pitfalls , check off any necessary home repairs.

Purchase and sale agreement 100

Purchase and sale agreement Pre-approval Inspection MLS 100

HomeLight

AUGUST 31, 2021

Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Even if you’re selling “as is”, an inspection could still be required. Ask for proof of funds and EMD.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

SEPTEMBER 16, 2021

Pass the home inspection. Clear title. For example, some investors will purchase the home “as is” but still require an inspection; some will offer to waive the inspection entirely , though it may mean accepting a reduced price to hedge the investor’s risk of finding major issues with the property. Clear title.

Title 98

Title Inspection Proof of funds Investor 98

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.

Sales 76

Sales Investor Due diligence Renovation 76

HomeLight

MARCH 16, 2023

Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. He adds that negotiations and home inspection issues could further reduce the price by 10%. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance.

Sales 63

Sales Purchase and sale agreement Earnest money deposit Investor 63

HomeLight

NOVEMBER 21, 2022

Buyers may get pre-approved for a mortgage at the click of a button on a website, but might not have submitted the documentation. With our current climate of changing interest rates, that same pre-approval from a month ago may not be valid today for the price of their home,” Richter adds. Require everything in writing.

Purchase and sale agreement 74

Purchase and sale agreement MLS Pre-approval Agents 74