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.

New Construction 105

New Construction Construction Pre-approval Inspection 105

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Loan approval. Repairs identified in the inspection. Closing on a house seems pretty straightforward. Easy, right? Dodge move.

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Closing Purchase and sale agreement Title search Earnest money deposit 105

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. The home appraisal is lower than the sale price.

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Closing Title search Purchase and sale agreement Title 62

Windemere Selling

MARCH 14, 2022

Common Real Estate Contingencies Home Inspection Contingency A home inspection contingency allows the buyer to have the home professionally inspected within a certain window of time. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

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Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

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Purchase and sale agreement Home sale contingency Title search Inspection 81

Windemere Buying

AUGUST 31, 2022

Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized. Buyers are responsible for securing financing , having the home inspected, and getting the property appraised. Home Inspection Contingency. Title Contingency.

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Home sale contingency Inspection contingency Title Pre-approval 52

HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

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Pre-approval Short sale Banks Finance 93

Point2Homes

JUNE 23, 2021

You will still need to check MLS listings, research the local market, consider your financing options, obtain an appraisal and inspection, make an offer , negotiate and close the deal. Yet, the addendum can also specify that the sale must be closed by a set date. If the sale is not closed by then, you can find yourself paying a fee.

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Pre-approval Banks Title search Inspection 71

Windemere Buying

JUNE 22, 2022

It means the seller has accepted an offer and there’s a good chance the deal will go through, but because the sale is not yet final, the property is technically not off the table. When the sale closes, the money goes toward the down payment or closing costs. The timeline for inspections during the closing process vary state to state.

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Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

JANUARY 3, 2022

Top iBuyer companies include Opendoor, Offerpad, Redfin Now, and HomeLight (we offer iBuying services through our Simple Sale platform). An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. All of this takes time.

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Agents Title Inspection Title search 90

Realty Biz

AUGUST 2, 2023

Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. Setting the Right Price for a Quick Sale When selling your home quickly, one of the most critical factors is setting the right price. Overcoming common challenges is also vital.

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Purchase and sale agreement Title Staging Inspection 92

The Residential Specialist

JUNE 23, 2020

to streamline scheduling, Gmail Templates to create and send pre-written emails that quickly answer frequently asked questions, and Gmail’s Priority Inbox feature to automatically separate important emails from junk. Buck, for example, suggests using the in-email meeting scheduler Assistant.to Automation is how you do that.”.

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Pre-approval Title search Technology Agents 98

CT Homes

OCTOBER 28, 2021

Understanding who is responsible for paying these fees is crucial for properly valuing the sale as the buyer or seller. Especially for sellers who choose to leverage the payment of closing costs to quicken or simplify a sale, it can’t be assumed that the seller is getting off free within a successful transaction.

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Closing costs Closing Purchase and sale agreement Title 75

Redfin

JUNE 14, 2023

This affordability is evident through a median sale price of $361,000, which is below the national median of $407,415. Despite a decrease in housing demand, the median sale price continues to rise steadily, with a noteworthy 2.5% One aspect that makes this market particularly enticing is its affordability in comparison to other areas.

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Pre-approval Debt-to-income ratio Closing costs Title 59

Easy Agent Pro

NOVEMBER 12, 2021

Early in our sales careers we learn that leads need to be qualified to become prospects. Is this a buyer who is dragging his/her feet getting pre-approved for a mortgage? Not even the homeowner who is redecorating to stage a home for sale? How the home inspection works . Leads are just leads. Old house or new? .

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Staging Pre-approval Title search Agents 109

HomeLight

DECEMBER 7, 2021

Whether you’re buying, selling, or refinancing a home, you’re probably going to have to endure a home inspection. It can necessitate a lot of preparation and cause a certain amount of anxiety, but a home inspection is an important part of the process when you’re selling a home. But what’s inspected? Prepare for an inspection.

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Inspection Purchase and sale agreement Pre-approval Closing 84

HomeLight

JANUARY 5, 2022

Find an Agent to Coordinate a Sale Among Friends. They help clients save money by representing both sides and a pre-arranged discount.”. Don’t: Be lenient on the pre-approval step. It’s always tougher to negotiate with a friend,” says Edward Kaminsky, a top real estate agent in Los Angeles County.

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Pre-approval Purchase and sale agreement Title search Title 101

HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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Sales Investor Due diligence Renovation 78

HomeLight

OCTOBER 20, 2022

For Sale By Owner (FSBO). Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Original sales contract. Many FSBO sellers will purchase a pre-listing appraisal. Preliminary title report.

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Purchase and sale agreement Pre-approval Inspection MLS 97

HomeLight

JUNE 23, 2022

Suppose the inspection uncovers issues that are unacceptable to the buyer. It is simply a period of time that the buyer sets to secure financing approval from a lender for the purchase of the home. The Home Sale Contingency typically stipulates the buyer will not pay two mortgages at the same time.

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 104

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Loans are between 3%-3.5%

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Closing Earnest money deposit Sales Title 83

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Loans are between 3%-3.5% What is their timeline and what will make our offer stand out?”

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Closing Earnest money deposit Sales Inspection 88

HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Home inspections. Sales contingency.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

HomeLight

JUNE 30, 2021

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 79

HomeLight

MARCH 17, 2021

. “If you want to buy a house, you need to have money saved up,” says April Mason , an agent in Corpus Christi , Texas, who has completed 24% more sales than the average agent in her market. And buyers also need to have funds available for earnest money, inspection costs, and other upfront fees. Get a home inspection.

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Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales 64

Sales Purchase and sale agreement Earnest money deposit Investor 64

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title. Get final mortgage approval.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

SEPTEMBER 16, 2021

Handle any unique requirements of the sale. Pass the home inspection. Clear title. You know your home’s worth and you’re ready to search for a qualified cash buyer. Below are some of the most common and effective ways to find one: Use Simple Sale. Evaluate the price and terms of your offer. Happy with the offer?

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Title Inspection Proof of funds Investor 97

HomeLight

NOVEMBER 10, 2021

After you submit your documentation, you’ll know what kind of budget you have to work with, or your approval “ceiling.”. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

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Inspection Title Agents Pre-approval 85

HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. Reserve auctions are similar to minimum-bid auctions in that there is a fixed price that must be met to finalize the sale, but a reserve price is kept under wraps, while a minimum bid is clearly stated. Source: (Willy Barton / ShutterStock).

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Title Due diligence Finance Inspection 106

HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. Complete inspections: If the deal moves forward, the cash buyer may still perform steps like the inspection and appraisal — it all depends on who you work with and how they operate. Need a cash offer?

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Proof of funds Investor Due diligence Closing 144

Marco Santarelli

DECEMBER 20, 2020

Most newbie investors are perplexed with the question of how to find investment properties for sale? What is an investment property for sale? Let’s learn how to find investment properties for sale. How To Find Investment Properties For Sale: Search For Off-Market Deals. You make the money when you buy it.

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Sales MLS Renovation Investor 80

HomeLight

SEPTEMBER 13, 2022

This means the buyer and seller have a pre-existing relationship of some kind (i.e. If the IRS decides to audit the transaction, then you’ll have documentation to prove your home’s fair market value at the time of the sale. Buyer contingencies (inspection, appraisal, etc.). family, friend, business affiliate, etc.).

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Purchase and sale agreement Title Title search Finance 89

Redfin

SEPTEMBER 14, 2023

The median sale price , currently at $511,100, has seen a modest decline of 1.7% However there are areas of the state where the sales prices are growing at a faster rate. 3: Portland, OR Median home price : $530,000 Portland, OR homes for sale Moving to Portland offers a unique blend of urban charm and natural beauty.

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Pre-approval Debt-to-income ratio Title search Closing costs 65

HomeLight

NOVEMBER 7, 2022

Whether or not you’ll want to push back or negotiate with the buyer will depend on hyperlocal, recent sales trends, so consult your Realtor® to discern promising offers and know what latitude market conditions may or may not allow. The cost to sell a house in Texas generally averages about 7% to 8% of the final sale price.

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Seller concession Purchase and sale agreement Closing costs Inspection 76

Redfin

APRIL 21, 2023

Florida’s median sale price has been steadily rising in the last decade, with a significant spike in 2020-2021. Presently, the median sale price stands at $400,000, comparable to the previous year. 1: Miami, FL Median home price : $565,000 Miami, FL homes for sale Living in Miami is an experience like no other.

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Pre-approval Closing costs Title Loans 62

HomeLight

OCTOBER 20, 2022

End-of-year listings have historically garnered the highest sales prices in the Austin market. An experienced real estate agent can assist you with preparing your home for sale as well as provide expert guidance on the best time to list your home on the market. Prepping your home for sale. Pricing to sell for the most money.

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Seller concession Purchase and sale agreement Closing costs Inspection 83