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Buying a House Online? How to Get it Done in 15 Steps

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After you submit your documentation, you’ll know what kind of budget you have to work with, or your approval “ceiling.”. They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. Step 9: Order an inspection. Step 5: Find a local real estate agent.

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Do I Accept the First Offer on My House, or Wait and See?

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Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. If specific criteria aren’t met, the deal can fall through; i.e., the sale is contingent upon various factors outlined in the offer.