Realty Biz
SEPTEMBER 23, 2023
When choosing a buyer's agent, consider factors like experience and qualifications. Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure.
HomeLight
JULY 30, 2021
We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements. Lease-purchase agreements.
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HomeLight
AUGUST 16, 2021
First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. Source: (LinkedIn Sales Solutions / Unsplash).
HomeLight
MAY 24, 2021
Home sales have skyrocketed, and home inventory is historically low. In a hot market, a seller is unlikely to really consider your offer if you aren’t already preapproved for a loan. Ask your agent specifically about list-to-sales-price for those comps — how much the house was listed for and how much it actually sold for in the end.
The Close
DECEMBER 29, 2022
This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. 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. 4 Loan Questions Worth Asking.
HomeLight
NOVEMBER 16, 2021
Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. They must be traditional sales or for sale by owner (FSBO) homes. Homes must be listed at a price point between $100,000 and a metro’s designated maximum purchase price (which Home Partners sets).
HomeLight
JUNE 28, 2021
Why do some offers have one price on the purchase agreement and another price on the escalation addendum? An offer your friend submits to escalate the purchase price doesn’t qualify. The buyer will generally specify a maximum purchase price. Back out of the agreement. You’re thrilled but also confused.
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