HomeLight

AUGUST 31, 2021

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. Keep in mind that the number of cash offers floating around fluctuates with the market and at different price points.

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Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% The decision to do so should be made carefully with the guidance of a trusted real estate agent, who can also advise on the possibility of doing a pre-inspection before submitting an offer. In June, 19.9% during the same month in 2019. up from 17.4% in May and 44.4%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

HomeLight

MAY 24, 2021

If you’re looking to buy in 2021, then you already know that the market is white-hot. That means it’s a prime seller’s market — and a potentially tough go for hopeful buyers. So how can you be prepared to pounce with the right offer over asking price when you see that dream home hit the market? Perfect match, right? Not so fast.

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Realtor.com

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MAY 24, 2022

The recent real estate market has been head spinning, and perhaps the home that sold across the street for way over asking price has got you wondering — should I sell my house in 2022? Real estate market starts to cool off. Maybe you now work remotely so you’re thinking about moving to have enough space for a home office.

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HomeLight

FEBRUARY 25, 2022

For small markets: closed at least 50 transactions in the last 12 months. For large markets: closed at least 100 transactions in the last 12 months. Usually ranked in the Top 1% in sales in their local market. Cash offers are three times more likely to win and can get you a 5% savings, on average, versus offers with a loan.

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Agents Pre-approval Loans Sales 84

HomeLight

MARCH 2, 2023

With tips on everything from how to save for your down payment, specific loan programs for buyers, and what you should look for in an agent, we’ve got you covered. 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. If this sounds daunting, don’t worry.

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HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. The conventional loan limit is much higher in Massachusetts, she explains, “so I qualified for a higher mortgage with only 5% down.” Step 7: Request a virtual tour.

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HomeLight

APRIL 21, 2022

To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. Your house has been on the market three months or more. You found your new home and want to avoid carrying two mortgages.

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Inspection contingency Home sale contingency Pre-approval Agents 105

HomeLight

MARCH 28, 2022

Home equity is a homeowner’s financial stake in their property that they own free of their mortgage loan obligation.). 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. Get Estimate.

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Purchase and sale agreement Equity Agents Staging 112

HomeLight

MARCH 22, 2021

But you’ll notice that the market itself hasn’t changed much since then. Matt: That’s the voice of Sarita Dua, an agent in Portland, Oregon where bidding wars are common and the market is unlike anything she’s seen in her 16 years in real estate. We had the pre-approval letter.

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Agents Inspection Inspection contingency Pre-approval 71

HomeLight

OCTOBER 12, 2020

Matt: That’s the voice of Sarita Dua, an agent in Portland, Oregon where bidding wars are common and the market is unlike anything she’s seen in her 16 years in real estate. Sarita is back with me today for part 2 of our conversation about winning bidding wars. We had the pre-approval letter.

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Agents Inspection Inspection contingency Pre-approval 98