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.” So not cool.

Agents 103

Agents Due diligence Inspection Rent back 103

The Close

FEBRUARY 6, 2024

They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. That may sound like a lot to add, but when your buyers roll it into their mortgage, it should not change their monthly payment so much that it prevents them from qualifying for their loan.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

BAM Media

JUNE 14, 2024

“Option 2 is speaking with one of our preferred lenders that specializes in Bridge loans. You can get a loan based on your current home’s equity and sell after you move out. You get it under contract with a 30-day close and a 60-day rent back. Option 3 is putting your home on the market. Branded, of course!

Sales 52

Sales Branding MLS Agents 52

HomeLight

MARCH 20, 2023

The house stays on the market and it’s marked in the MLS as an active first right. At that point, the buyer can either drop the home sale contingency and purchase the house outright, or they can back out of the deal. Offer to accept a rent-back agreement. For example, he mentions looking into a bridge loan. “It

Home sale contingency 85

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 85

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 6: Look at homes online.

Inspection 82

Inspection Title Agents Pre-approval 82

HomeLight

FEBRUARY 4, 2022

While it’s true that a home purchased with a mortgage loan will be evaluated by an appraiser before all is said and done, there’s more to a fair price than a bank’s willingness to loan money. What if you could sweeten the deal for a seller by offering them a rent-back clause ? Is the price right? An agent will know.

Agents 89

Agents Purchase and sale agreement Due diligence Inspection 89