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16 Tips to Win a Bidding War on a House

The Close

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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What Happens After Making an Offer on a House?

Windemere Buying

The timeline for inspections during the closing process vary state to state. Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer. Getting pre-approved early on helps to streamline this part of the closing process.

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. For example, a termite inspection could show that there is damage that’ll require major repairs or the appraisal value of the home comes in lower than the price you offered on the home. Clouds on the title.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

This means you’ve got a pre-approval in hand and that you understand the importance of being flexible. Guidance for Sellers in a Buyer’s Market For those sellers in a buyer’s market, you must be strategic about selling your home. There may be disadvantages, like limited inspection objections and cash offer competition.

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Vital Steps to Take When Purchasing Your First Home

Realty Biz

This documentation will be necessary when applying for a mortgage pre-approval. It's advisable to reach out to multiple lenders and obtain pre-approval. Navigating the Home Inspection and Negotiation Process Once you have put a house under contract, the next step will be the home inspection.

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What to Know About Selling Your Home in Houston, Texas

HomeLight

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Houston. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. Seller concessions. $0-$19,500. Home inspection results. 0-$19,500.

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What Is the Cost to Sell a House in Chicago?

HomeLight

You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale. Seller concessions. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Seller concessions are another cost to sell a house in Chicago.