Loans Marketing Proof of funds Title search 
The Close
DECEMBER 29, 2022
Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan.
HomeLight
AUGUST 31, 2021
Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. You’ll still have official steps to complete and hiccups like a title defect can still arise. Ask for proof of funds and EMD.
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HomeLight
MAY 24, 2022
In a competitive market, paying cash could help you beat out other homebuyers. But just how long does it take to close on a house with cash, compared to a traditional loan? The bulk of the time, however, is consumed by loan underwriting and processing. Title search: 3 days. Setting the standard.
HomeLight
JANUARY 5, 2022
Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. An agent won’t need to offer their full level of service to include yard signs, digital marketing, and professional photography, but they can act as a neutral go-between to prevent strain or awkwardness during negotiations.
HomeLight
APRIL 30, 2021
Competition is heating up in real estate markets across the country as homebuyers struggle to make their offers stand out from the pack. Homes fly off the market in days, not weeks; offers go well over asking price; and bidding wars are increasingly the norm. If you’re using cash, you’ll have to show proof of funds with your offer.
HomeLight
OCTOBER 20, 2022
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. A professional appraisal will help determine the listing price based on fair market value. Comparative Market Analysis. Preliminary title report.
HomeLight
SEPTEMBER 9, 2020
That’s because “a buyer purchasing a home with a mortgage loan could still lose their financing, even with a solid preapproval letter. But if your cash is socked away in various places, like stocks or money market accounts, you’ll want to cash out those accounts and gather your money together. Obtain proof of funds from the bank.
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