HomeLight

APRIL 29, 2021

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey. Landscaping: 100 %.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

The Close

FEBRUARY 6, 2024

When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it. Waive the Inspection Contingency Let me be clear—I am in no way suggesting that your buyers should not do a whole home inspection. In fact, I suggest quite the opposite.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

Real Trends

MARCH 3, 2022

If you have clients that are thinking about offering, keep in mind that the offers we have already received are well above list price, have waived inspection and appraisal, and are willing to honor the Seller’s request of a free 60-day rent-back.”

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Agents Due diligence Inspection Rent back 103

Redfin

MAY 27, 2021

We offered over the list price, added lucky numbers in the offer amount, appraisal gap, waived the home inspection, offered free rent back to the sellers, and more,” said Denver Redfin agent Hunter Owens. With such a competitive housing market, waiving inspection and appraisal contingencies are becoming a standard practice.

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Agents Rent back Inspection Closing 65

Realty Biz

JULY 7, 2021

Contingencies are specific conditions that must be met before the sale can be completed. One contingency that is almost always wise to include is a home inspection to be sure you aren’t buying a major problem that you aren’t aware of. Require a minimal home inspection. Offer to rent back to the seller.

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Inspection contingency Marketing Inspection Rent back 88

The Close

APRIL 28, 2022

Instead of offering $440,000 and waiting through the weekend, structure the offer so the sales price is $420,000, but if the seller accepts the offer within the next four hours, the sales price will be $440,000. Bidding wars are causing sales prices to rise far beyond what we as agents or appraisers can realistically justify.

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Rent back Closing costs Finance Agents 105

RIS Media

APRIL 18, 2022

Look at recent sale prices, as well as neighborhood trends. Buyers are waiving a home inspection. Allowing the seller to rent back for a specified amount of time. There’s no guarantee that the property you like will be available when you’re ready to make an offer. All real estate is local, after all.

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Pre-approval Backup offer Due diligence Rent back 110

HomeLight

AUGUST 31, 2021

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. 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. Updated August 31, 2021.

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Due diligence Inspection Pre-approval Pre-qualification 77

RIS Media

JULY 8, 2021

For best results, host a training class or have a sales meeting discussion to review the following six buyer strategies designed to provide the highest value and achieve their buyer’s objectives for purchasing a home: Over-communicate how to compete as a buyer in today’s market. Be relentless and resourceful.

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Marketing MLS Agents Rent back 101

Real Trends

JULY 15, 2022

The situation in today’s housing market is consistent with that of the previous two years: a lower inventory of houses available for sale than the demand. That said, although houses are still selling, sales have definitely cooled in some areas. Outside forces can have a huge impact on housing sales. Expect the unexpected.

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Loan Officer Agents Rent back Finance 52

Redfin

FEBRUARY 2, 2021

A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. If you pay in cash the sale can also happen quickly and, overall, lead to a smoother home sale. What is a Seller’s Market? However, even if the U.S. 5) Put More Earnest Money Down.

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 65

Redfin

JULY 30, 2020

More than half of Redfin offers faced bidding wars last month as the number of homes for sale continued to shrink and mortgage rates dropped to a record low, making it all the more advantageous for house hunters to get their offers in ASAP—sometimes before seeing the home in person. . PT on a Wednesday, and went to bed soon after.

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 73

Redfin

MAY 7, 2021

In a seller’s market, you may be tempted to put an offer on a home that’s contingent on the sale of your current home. You can also consider requesting a rent-back agreement from potential homebuyers. A rent-back agreement means that the homebuyer purchases your home and you rent it from them for a specified period of time.

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Purchase and sale agreement Marketing Equity Loans 79

HomeLight

APRIL 17, 2024

Others perform a home inspection while their competitor skips one. Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. Like Opendoor, they typically perform a home inspection before finalizing their offer. But beyond this similarity, how do they stack up?

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Seller concession Inspection Rent back Closing 96

HomeLight

APRIL 19, 2021

to as high as 6% of the sale price, so be sure to leave room in your budget for your attorney and real estate agent, as well as for filing fees and other required deposits. Inspections & attorneys. Studio apartments with an alcove for more space start at $650,000 in co-ops compared to $860,000 in condos. million in condos.

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Earnest money deposit Due diligence Inspection Agents 62

HomeLight

APRIL 29, 2021

An ample supply (lots of homes for sale) and limited demand (fewer buyers) leads to a buyer’s market. Conversely, lack of supply (fewer homes for sale) and abundant demand (lots of buyers) results in a seller’s market. It can affect: How you prepare your home for sale. Too few resale homes for sale. Home prices rise.

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Marketing Sales Agents Construction 109

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 90

HomeLight

JUNE 30, 2021

This is why many buyers make offers on their new home that include a sales contingency. With a sales contingency in your offer, you won’t have to close on your new home unless you’ve sold your old home. But a sales contingency could also make it harder to get an offer accepted. Source: (LinkedIn Sales Solutions / Unsplash).

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Rent back Inspection contingency Earnest money deposit Finance 104

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. While it is not always recommended to completely waive contingencies to impress a seller, you might consider pairing down to just the inspection contingency and financing contingency to remain competitive.

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Closing Earnest money deposit Sales Inspection 92

HomeLight

NOVEMBER 10, 2021

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. 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 Pre-approval Agents 87

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

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HomeLight

FEBRUARY 28, 2022

“The logistics include timing the purchase and the sale, negotiating with both sides on moving or possession dates, and organizing belongings to get ready for the move,” said Mike Qui, owner of Good as Sold Home Buyers. Juggling the sale of one home and the purchase of another can be stressful even under the best of circumstances.

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Equity Debt-to-income ratio Closing Loans 119

HomeLight

FEBRUARY 4, 2022

Source: (LinkedIn Sales Solutions / Unsplash). Guide you through the steps of due diligence and inspections. Coordinate with the closing attorney and seller’s agent to finalize the sale. … Let’s take a closer look at 11 reasons why you should definitely hire a real estate agent. An agent is your advocate. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 94

HomeLight

JANUARY 7, 2022

So, instead of stressing your way through two sales, you can set yourself up for success and have your bags packed for your new home in no time. They’ll also introduce you to options, such as a bridge loan or home equity line of credit, to assist in your sale if needed. Do you have a limited amount of time to complete both sales?

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Equity Loans Debt-to-income ratio Closing 104

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. Your home inspection reports.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

OCTOBER 1, 2020

If the appraiser only looked at sold listings while there are pending sales that might be more comparable to your would-be property, that’s something else that can affect a home’s appraised value. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal.

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Purchase and sale agreement Short sale Rent back Sales 86

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. 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. Stressed About a Quick Job Move? Get Estimate.

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Purchase and sale agreement Equity Agents Staging 113

HomeLight

JANUARY 28, 2022

Not only do they guarantee a cash sale, but they also extend a no-obligation offer and will close on the sale within 30 days. A quick sale is a big plus to working with these buyers, but that sale could cost you in the long run. Need a quick sale? The We Buy Ugly Houses franchise model became available in 1996.

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Purchase and sale agreement Investor Agents Sales 108

HomeLight

APRIL 21, 2022

After listing your home for sale, you eagerly, nervously … anxiously await the news that someone wants to buy it. 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. Eventually, the call comes.

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Inspection contingency Home sale contingency Pre-approval Agents 106

HomeLight

DECEMBER 14, 2021

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Do they have sales or listings pending?

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Pre-qualification Earnest money deposit Agents Days on market 103

HomeLight

MARCH 22, 2021

That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. Price matters but, like, we’ve actually had a sale fail, so, like, these guys just want someone who’s sure and they wanted to close.” I’ve gonna give them free rent back.

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Agents Inspection Inspection contingency Pre-approval 72

HomeLight

MAY 24, 2022

Sales of existing homes fell for the second consecutive month by 2.7% Sales dropped from March 2021 in all four major US regions. Prices in March 2022 were 15% higher than a year before for existing home sales. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process.

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Pre-approval Equity Agents Closing costs 98

HomeLight

OCTOBER 12, 2020

That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. Price matters but, like, we’ve actually had a sale fail, so, like, these guys just want someone who’s sure and they wanted to close.” I’ve gonna give them free rent back.

Agents 98

Agents Inspection Inspection contingency Pre-approval 98

HomeLight

DECEMBER 14, 2021

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Do they have sales or listings pending?

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Earnest money deposit Agents Days on market Sales 93

HomeLight

MAY 24, 2021

Home sales have skyrocketed, and home inventory is historically low. Ask your agent specifically about list-to-sales-price for those comps — how much the house was listed for and how much it actually sold for in the end. You see a house you love, and it’s listed at $300,000. Perfect match, right? Not so fast. Can you even pay in cash

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Pre-qualification Pre-approval Purchase and sale agreement Loans 104

HomeLight

OCTOBER 5, 2020

But then again, with some new listings, if the price, location, and condition are right, the sale kind of is like an auction, isn’t it? And just, “Hey, due to the inspection, I’m backing out.” And if the seller is willing to address what your issue is, if that came up, you can’t back out.

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Agents Backup offer Inspection Closing 77

HomeLight

SEPTEMBER 11, 2020

Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? No sales contingency? Make sure your agent stresses that your offer doesn’t contain a sales contingency. A bigger down payment? Source: (Pixabay / Pexels).

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 82