article thumbnail

What’s the Deal with Making a Cash Offer on a House?

HomeLight

submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender. The inspection.

article thumbnail

I Want to Buy a House in 2021. How Much Should I Offer Over the Asking Price?

HomeLight

A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Get preapproved for a mortgage. Beyond that, think about how much you can put down.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

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. Conforming loans are given to buyers who fit into the qualification guidelines set by the entities Fannie Mae and Freddie Mac, who purchase loans after they are originated.

Closing 99
article thumbnail

Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

If you’d like to connect with an agent today who’s connected to local cash buyers, HomeLight makes it easy and fast to find a top real estate agent near you with your preferred qualifications. Your inspection could reveal a big repair that you did not anticipate, forcing a renegotiation. Reasons to sell your house for cash.

article thumbnail

Find a Top-Performing, Trusted Realtor in 30 Minutes or Less

HomeLight

Be sure and ask any agent that you’re interviewing about these qualifications. Pre-listing or when looking at houses, and when evaluating offers.In It could be the close date, repairs, or a rent back period. A good agent knows how to handle the back and forth of negotiations.

article thumbnail

Find a Top-Performing, Trusted Realtor in 30 Minutes or Less

HomeLight

Be sure and ask any agent that you’re interviewing about their qualifications. Pre-listing or when looking at houses, and when evaluating offers.In It could be the close date, repairs, or a rent back period. A good agent knows how to handle the back and forth of negotiations.