HomeLight

OCTOBER 20, 2022

The buyer’s lender will probably require their own appraisal as part of their loan approval process. A HomeLight survey of top agents revealed that 67% report that staged homes sell for 1% to 10% more. Staging differs from decorating in that it is more generic in order to appeal to a broad audience; i.e., depersonalize.

Purchase and sale agreement 104

Purchase and sale agreement Pre-approval Inspection MLS 104

HomeLight

SEPTEMBER 16, 2021

A ‘cash offer’ simply means the offer does not include a financing contingency — in other words, it’s not dependent on the buyer being able to secure a loan.”. You should also request proof of funds to confirm that the buyer actually has the available cash to complete the purchase. Reduced fees. Skip repairs and sell “as is”.

Title 102

Title Inspection Proof of funds Investor 102

HomeLight

JUNE 28, 2022

While proof of funds is part of a legitimate cash deal , the information would always pass between your agents and the escrow company. While they may be willing to provide lots of bogus financial details, they might not have references, a social media presence, or any real proof they exist. Probably not. They want money upfront.

Proof of funds 91

Proof of funds Investor Title Agents 91

HomeLight

FEBRUARY 3, 2022

With this method, you skip staging, repairs, and showings. 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. Stage an outdoor seating area (ranked as the #3 most-desired feature among today’s home buyers).

Pre-approval 102

Pre-approval Staging Agents Proof of funds 102

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. If your friend plans to pay for your home with all-cash, then you want to have your attorney verify proof of funds. If you ever decide to sell, please let me know.”. Well, that day has come.

Pre-approval 107

Pre-approval Purchase and sale agreement Title search Title 107

HomeLight

FEBRUARY 16, 2023

House Heroes further vets itself by providing a proof of funds bank statement. That includes an average of 70 days listed on the market until a signed contract, plus the typical 54 days a buyer needs to close on a purchase loan. They now buy real estate full time, and House Heroes has completed more than 150 closings to date.

Purchase and sale agreement 85

Purchase and sale agreement Closing costs Closing Investor 85

HomeLight

MARCH 13, 2023

Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal.

Sales 84

Sales Investor Due diligence Renovation 84

The Close

DECEMBER 29, 2022

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. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97

HomeLight

APRIL 26, 2023

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. Graham recommends staging the front porch “to give a visual for the potential buyers of seeing themselves in that home relaxing.” The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends.

MLS 70

MLS Agents Sales Proof of funds 70

HomeLight

JULY 31, 2021

According to the latest data from Ellie Mae, the purchase loans are taking an average of 50 days to close as of May 2021. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Be careful of signing with a wholesaler.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

NOVEMBER 23, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. You may also want to learn what issues appraisers for government-backed loans will flag and which could delay closing (for example, lack of GFCI outlets) and take care of those things ahead of time. “We Refinish hardwood floors.

MLS 86

MLS Agents Sales Closing 86

HomeLight

MARCH 16, 2023

Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection.

Sales 68

Sales Purchase and sale agreement Earnest money deposit Investor 68

HomeLight

MAY 25, 2023

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. Or their employment or financial situation might have changed, thus affecting their ability to get a loan. Lightly update with new light fixtures , faucets, or cabinet hardware. Refinish hardwood floors. Deep clean until the house is sparkling.

MLS 87

MLS Pre-approval Agents Sales 87

HomeLight

NOVEMBER 21, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. This is a critical stage because buyers become motivated to put in offers when visualizing themselves living there. Or their employment or financial situation might have changed, thus affecting their ability to get a loan.

Purchase and sale agreement 80

Purchase and sale agreement MLS Pre-approval Agents 80

HomeLight

NOVEMBER 21, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. In addition, Johnson explains, “You need to know that the loan is good, or they have the cash in the bank if they’re paying cash.”. Lightly update with new light fixtures , faucets, or cabinet hardware. Refinish hardwood floors.

MLS 89

MLS Agents Sales Land 89

HomeLight

APRIL 13, 2023

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. Your contract might read a 50-50 split of closing costs, but those don’t include any additional loan costs, which must be covered by the buyer.” Lightly update with new light fixtures , faucets, or cabinet hardware. Refinish hardwood floors.

MLS 89

MLS Agents Sales Mortgage pre-approval letter 89

HomeLight

NOVEMBER 14, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. Realtors® know that tools like professional photography, virtual staging, and 3D virtual tours can influence whether buyers schedule a showing. Repaint bold walls (or those that look dingy) in a neutral color. Deep clean until the house is sparkling.

Purchase and sale agreement 82

Purchase and sale agreement MLS Agents Pre-approval 82

HomeLight

DECEMBER 6, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. So your due diligence should include contacting the lender to ask about the type of financing and whether the buyer has the qualifications to be approved for a loan. Lightly update with new light fixtures , faucets, or cabinet hardware.

Purchase and sale agreement 81

Purchase and sale agreement MLS Pre-approval Agents 81

HomeLight

OCTOBER 14, 2022

Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. They’re trying to loan you more money if they can.”. Here are key things to think about when considering an offer on your Pennsylvania home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds.

Purchase and sale agreement 91

Purchase and sale agreement MLS Seller disclosure Agents 91