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. Your ability to do a quick close or make an offer that’s not contingent on the sale of your current home. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”.

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Inspection contingency Pre-approval Inspection Rent back 269

Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

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Sales Home sale contingency Pre-approval Inspection 60

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 98

Housing Wire

DECEMBER 8, 2023

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Course Options See Details Pricing AceableAgent’s prelicensing classes are ADRE-approved 90-hour real estate courses.

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HR Purchase and sale agreement Pre-approval Staging 344

HomeLight

JUNE 21, 2022

But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal. It’s critical to know what home inspectors look for because serious problems could derail the sale altogether. What is a home inspection?

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Inspection Purchase and sale agreement Pre-approval Inspection contingency 120

Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. Still other buyers might also be home sellers who first need to close on the sale of their old house before they can buy their next house. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer.

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Pre-approval Pre-qualification Due diligence Loans 143

HomeLight

OCTOBER 30, 2020

This response may irk you, but when it comes to the inspection, what you know can hurt you as a seller. Whoever paid for the inspection gets the report. But the inspection, including the report, are part of a legal business relationship between the buyer and the home inspector alone. Source: (Mika Baumeister / Unsplash).

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Windemere Selling

JULY 19, 2023

10 Important People in the Home Buying Process #2 Get Pre-Approved for a Mortgage Before getting serious about your hunt for a new house, you’ll want to choose a lender and get pre-approved for a mortgage (not just pre-qualified—which is a cursory review of your finances—but pre-approved for a loan of a specific amount).

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Pre-approval Inspection Closing costs Agents 67

Marco Santarelli

MAY 4, 2023

In this article, we'll examine a report published by Realtor.com on why turnkey homes for sale are still in demand and explore the reasons why some homes sell quickly while others sit unsold. Why Turnkey Homes for Sale are Selling Fast in 2023? This trend has continued into 2023, with homebuyers still seeking out these properties.

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Sales Pre-approval Investor Renovation 52

Point2Homes

DECEMBER 7, 2020

If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers. As an example, below are some of the steps involved in the sale of a foreclosed home that you need to be aware of. Getting Pre-Approved.

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Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

Housing Wire

APRIL 22, 2024

You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). I’m sure you’ve seen the for sale sign in the yard at (address). I’d be happy to email you a copy of their pre-approval letter. Great news! Your neighborhood is hot!

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Brokerage Investor Agents Pre-approval 357

Realty Biz

JANUARY 29, 2022

But draining every bit of cash from your savings is a big mistake, especially when there are additional home-buying costs, including: A home inspection Closing costs Home insurance. Not Getting Pre-Approved. Get pre-approved for a mortgage. Choosing the First Bank That Approves You. What To Do Instead.

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Pre-approval Mortgages Closing costs Principal 127

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Sales Purchase and sale agreement Due diligence Inspection 88

HomeLight

JUNE 9, 2023

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. Only 4% of real estate contracts in the spring of 2023 were terminated.

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HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. So if you list your home on Jan.

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Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. How Buyer Agents Get Paid Buyer agents are typically compensated through a commission fee, a percentage of the property's final sale price. When choosing a buyer's agent, consider factors like experience and qualifications.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

JULY 25, 2022

One of the world’s oldest sales maxims remains especially relevant in real estate transactions. While they typically report to people on the other side of the transaction, the appraisal and inspection report generated by these professionals can impact your bottom line. Caveat emptor. Let the buyer beware.

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Inspection Pre-approval Loans Finance 92

CT Homes

FEBRUARY 13, 2024

Cons : Possible need for temporary housing if there’s a gap between sales. Prepare your home for sale by decluttering, making necessary repairs, and staging it to appeal to potential buyers. Secure Mortgage Pre-Approval Knowing how much you can borrow is key when looking for a new home. We can close quickly!

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Pre-approval Inspection Mortgages Staging 75

Toronto Realty Blog

JUNE 2, 2021

They would be conditional on a lawyer’s review, a home inspection commissioned by the buyer (but paid for by the government…), satisfactory and guaranteed mortgage financing, a catch-all for unfettered “due diligence,” and a mandated ten-day cooling-off period where the buyer can change his or her mind for any reason. .”

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Realty Biz

MARCH 7, 2023

Check Your Credit Score Your credit score plays a crucial role in the mortgage approval process. Get Pre-Approved for a Mortgage Getting pre-approved for a mortgage will give you a better idea of how much you can afford to spend. Then, sign the necessary paperwork to complete the sale.

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Pre-approval Closing costs Inspection Mortgages 84

Real Trends

JULY 14, 2022

Coming off of a year that brought the highest number of home sales in 15 years , the market is starting to show signs of normalizing. Agents who reveled in the red-hot market may now be wondering how to keep their production up, with sales falling about 10% from 6.125 million sales to around 5.4 Brokerage communication.

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Agents Sales Pre-approval Brokerage 52

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

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Pre-approval Pre-qualification Title search Inspection 90

First Team Real Estate

SEPTEMBER 14, 2020

There are many stages to the transaction from securing financing and negotiating prices to closing the sale – leaving plenty of time for mistakes to happen. A wrong move or misstep could not only delay your sale, it could come back to haunt you later. Skipping Pre-Approval. Disregarding Market Trends.

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Pre-approval Inspection Finance Staging 98

Point2Homes

JANUARY 31, 2023

With a budget in place, your next step should be to get pre-approved for a mortgage. Without being pre-approved, you’ll need to delay your offer while you secure financing. Check out comparable properties to make sure that the sale price is fair or whether there’s a little wiggle room to negotiate.

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Earnest money deposit Purchase and sale agreement Pre-approval Inspection 98

Realty Biz

FEBRUARY 16, 2024

You need to finish a state-approved pre-licensing real estate course. In addition, the state can request to attend approved real estate courses every few years. Complete a pre-licensing education (varies from state to state but usually lasts around 135 hours) and pass a state licensing exam. Now comes the real challenge!

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Pre-qualification Pre-approval Property Management Residential 86

Realty Biz

AUGUST 22, 2022

In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency. Gianna, if I understand you correctly, the only contingency that you have is your loan approval which is based on the appraisal. Now I have buyer’s regret.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 96

Windemere Buying

JULY 20, 2022

How to Win a Bidding War When Buying a House Get Pre-Approved for a Loan Not only is getting pre-approved for a mortgage an important step early on in the buying process, but it’s also a prerequisite for having your offer considered in a bidding war. Pre-approval gives you credibility as a buyer.

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Pre-approval Inspection Closing Loans 52

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. Active listings—the count of all homes that were for sale at any time during a given month— dropped 20.7%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

RIS Media

APRIL 8, 2022

Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. While financing may be pre-approved, the process is complex. Home inspection problems. Contingent meaning. It depends.

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

RIS Media

APRIL 18, 2022

Look at recent sale prices, as well as neighborhood trends. Buyers are waiving a home inspection. Get pre-approved for a mortgage. Before making an offer on a property, it’s important to have pre-approval for a mortgage. Your agent can help you get pre-approved for a mortgage in the current market.

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Pre-approval Backup offer Due diligence Rent back 119

Easy Agent Pro

AUGUST 27, 2023

Finding the perfect home for your clients feels rewarding and makes up for all the work and time put into landing a sale. Submit Encourage Clients To Get Their Pre-Approval Letter Real estate agents can help summer buyers by encouraging them to get pre-approval letters.

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Pre-approval Staging Inspection Agents 65

Realtor.com

JANUARY 2, 2023

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

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New Construction Construction Pre-approval Inspection 105

Real Trends

AUGUST 8, 2022

Deals fall through for several reasons including the following: Issues are found during inspection: A home inspection may reveal issues with the property causing the buyer to back out. Appraisal or inspection issues. This reduces the chances that the financing will fall through Get a pre-listing home inspection.

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Pre-approval Inspection Title Home sale contingency 79

HomeLight

AUGUST 3, 2023

Sell Your Hawaii House Fast With an All-Cash Offer Get an all-cash, no-obligation offer on your Hawaii home through HomeLight’s Simple Sale platform whenever you’re ready. Step 1: Request Offer Why you might need to sell your Hawaii house fast There are a variety of circumstances that may lead you to consider a swift house sale.

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Pre-approval Sales Inspection Land 68

Point2Homes

SEPTEMBER 30, 2021

Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. The Buyer Is Not Pre-approved for a Loan. Cash Purchases.

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Pre-approval Proof of funds Inspection contingency Due diligence 98

The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter. In fact, I suggest quite the opposite.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75