Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Make sure your buyers understand the difference between being prequalified, preapproved and loan-committed.

Proof of funds 431

Proof of funds Inspection contingency Inspection MLS 431

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. In turn, you may need to show proof of funding for those repairs before the loan is approved. .

Construction 67

Construction Inspection Proof of funds Renovation 67

HomeLight

MARCH 13, 2023

New construction surge contributing to competition for buyers. They may want to avoid the 6% interest rate of a loan by buying with cash. No pre-qualifying for a loan. Instead, however, he advises sellers to validate cash buyers for proof of funds. iBuyers see opportunity in Austin. It’s a simple equation.”

Sales 81

Sales Investor House Flipping Pre-approval 81

HomeLight

FEBRUARY 3, 2022

This eliminates the processing of a buyer’s loan and home appraisal, which are typically the two most time-consuming steps in the home sale process. It’s also good practice to screen buyers for pre-approval or proof of funds before they view the home to cut back on useless showings. According to Dec.

Pre-approval 104

Pre-approval Staging Agents Proof of funds 104

HomeLight

APRIL 26, 2023

The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. You don’t want to find out two days before closing that the loan didn’t come through and the deal falls apart after you’ve already moved out of your house. Require everything in writing.

MLS 76

MLS Agents Sales Proof of funds 76

HomeLight

NOVEMBER 21, 2022

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. Require everything in writing.

Purchase and sale agreement 88

Purchase and sale agreement MLS Pre-approval Agents 88