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Buying a New Build? What to Know as a First-Time Homebuyer

Redfin

Most land loans and construction loans require a larger down payment compared to a conventional mortgage for an existing home. Pre-qualify for a loan Unless you plan to pay with all cash, you’ll need to pre-qualify for a loan before buying land. But before you build your house, you’ll also need to purchase land.

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Can You Submit Multiple Offers On Homes At Once – A Legal And Ethical Analysis

Rochester Real Estate

Factors such as earnest money deposits, loan approvals, and real estate agent involvement should be considered. Your odds will be greater of landing a house when your involved in a bidding war on multiple properties vs. one. Begin by confirming your loan approval and securing a complete and documented pre-approval from your lender.

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Pre-Approval Makes All the Difference When Buying a Home

Keeping Current Matters

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Bottom Line.

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Why Is It so Important to Be Pre-Approved in the Homebuying Process?

Keeping Current Matters

You may have heard that pre-approval is a great first step in the homebuying process. Pre-approval from a lender is the only way to do this. This paperwork (the pre-approval letter) shows sellers you’re a qualified buyer, something that can really help you stand out from the crowd in the current ultra-competitive market.

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How to get a real estate license in Texas

Housing Wire

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. After you complete all six courses, you’ll have to take and pass the pre-license course final exam. That’s a longer program than in most states. How much exactly?

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4 best online real estate classes in Connecticut for 2025

Housing Wire

If youve been thinking about becoming a real estate agent in Connecticut, youve landed on the right page. Youll need to complete 60 hours of pre-licensing education to be eligible to sit for the real estate exam. After youve passed, post-licensing and continuing education courses will be required to keep you at the top of your game.

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6 best real estate schools in Washington (WA) for 2024

Housing Wire

Starting from: $ 235 Visit OnlineEd Also Popular Kaplan Real Estate Education Best for career mentorship Pre-recorded video content led by experienced industry leaders. RealEstateU’s state- and ARELLO-approved courses have helped more than 225,000 graduates get licensed since 2013. Easy access to instructors to ask for help.