Point2Homes

DECEMBER 8, 2020

But, what does contingent mean and how does it affect your purchase? However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. How is Contingent Different from Pending?

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. To determine your home’s equity, you first need to assess your property’s fair market value.

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VA loan Purchase and sale agreement Short sale Pre-approval 74

HomeLight

DECEMBER 30, 2021

When you make an offer to buy a house, you’ll sign and initial contracts for each offer, and when one is accepted, it’s now officially a purchase agreement , which becomes a legal document. Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. Matt Laricy. Real Estate Agent.

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Purchase and sale agreement Title Short sale Closing 81

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. Mortgage companies require an appraisal to determine the value of a home.

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Purchase and sale agreement Proof of funds Backup offer Finance 98

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

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Closing Purchase and sale agreement Title search Earnest money deposit 114

HomeLight

SEPTEMBER 1, 2022

Once you have the purchase agreement in hand, you might think there are no more obstacles in your way, but the home still has to appraise for the amount you agreed to pay for it. Before the pandemic created a hot market, about 8% of appraisals came in lower than the offer on the home. What is a low appraisal?

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Purchase and sale agreement Earnest money deposit Short sale Loans 84

Marco Santarelli

OCTOBER 23, 2023

The deed will show you who has legal title to the property and whether there are any liens or mortgages on it. If there are any liens, such as from a bank or mortgage company, you may want to contact them instead of the owner, as they may have more interest in selling the property. How to find out who owns an abandoned house?

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Purchase and sale agreement Title Short sale Banks 52

The Close

AUGUST 18, 2022

Dear [First name], Timing the real estate market to sell your home quickly and for the best price can sometimes be more art than science. The market doesn’t care when we want to sell or for how much, so many homes like yours end up unsold. This is why the system I use to sell homes doesn’t rely on timing the market. your name].

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Purchase and sale agreement Title Closing Short sale 98

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. He points out that the bank isn’t likely to sell the property for less than market value. Short sales fall into the category of “distressed” sales.

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Short sale Sales Purchase and sale agreement Banks 91

HomeLight

JANUARY 25, 2021

Even in a hot real estate market, “move-in” ready remains king among today’s homebuyers. House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. Find House Flippers Near You. You need to relocate fast.

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Purchase and sale agreement Investor Inspection Due diligence 107

HomeLight

FEBRUARY 16, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Perhaps you have a new job offer out of state and don’t want the stress of leaving a mortgage behind. Close the sale and get paid quickly.

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Realty Biz

APRIL 12, 2021

Preapproval for a mortgage will give you an idea of how much you can borrow and recognize any problems that need to be addressed early on in the process. In competitive markets at Reidsville, NC, buyers will need a preapproval letter before considering your bid. Is this a buyer’s market? Brokers also employ many agents.

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Purchase and sale agreement Agents Short sale As-is 103

HomeLight

DECEMBER 6, 2022

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Perhaps you need a fast home sale to start a new job right away. The timeframe may vary depending on the company and market.

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Purchase and sale agreement Closing costs Closing Sales 92

HomeLight

AUGUST 10, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta.

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Closing costs Purchase and sale agreement Closing Inspection 83

HomeLight

AUGUST 24, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more. Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process.

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HomeLight

DECEMBER 1, 2021

Maybe you got caught up in a bidding war, bought at a market peak, and buyer interest (along with home values) has since cooled. Whatever the circumstance, you should act early if you’re suddenly struggling to make your monthly mortgage payment. You fall behind on your mortgage payments and can’t seem to catch up.

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HomeLight

JANUARY 31, 2022

If you need assistance navigating the legalities of your sale, HomeLight always encourages you to reach out to your own advisor. Most notably, the ongoing shift to remote working has caused rent growth to shrink in metropolitan areas and skyrocket in suburban markets. works on many sales of rental properties.

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HomeLight

OCTOBER 1, 2020

After a low appraisal on your dream home , you may assume that this is the end of the road because it may mean the termination of your mortgage loan if you can’t work out a deal. There are many reasons why the appraisal can come in low; one cause may be a shifting market. A shifting market . Short sales in the neighborhood .

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Purchase and sale agreement Short sale Rent back Sales 92

HomeLight

JANUARY 13, 2022

In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. So he knows all the twists and turns that can occur between an accepted offer and a closed sale.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 83

HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. In a competitive market, paying cash could help you beat out other homebuyers.

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HomeLight

JUNE 24, 2022

If you live in a community property state and your home, classified as community property , was acquired during the marriage, the proceeds from the sale are typically split strictly and equally 50-50. The market conditions aren’t ideal right now to sell. In most cases, the spouses have qualified for their mortgage amount together.

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HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. No one daydreams about filling out mortgage applications, and the process is complicated because you have to keep track of so many details and make so many choices. Source: (Matthew Henry / Burst).

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Loans Mortgages Title FHA loan 88

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: Wire fraud (money goes missing).

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Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? The destination’s great weather and tax-friendliness bring a steady stream of buyers to the market, and cash buyers help make sellers’ homes fly. A cash offer can lead to a speedier and lower hassle sale. How to find cash buyers in Florida.

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Purchase and sale agreement Title search Proof of funds Title 108

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. An offer has been accepted, and the sale is expected to close.

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MLS Backup offer Inspection contingency Purchase and sale agreement 98

HomeLight

MAY 23, 2022

Schaus did advise her client to contact a junk removal company to clear out the house, but that was the only preparation made before the house hit the market. “[The HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. 359,600 (April 2022).

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As-is Purchase and sale agreement VA loan Inspection 90

HomeLight

JANUARY 6, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. You receive a firm offer.

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Purchase and sale agreement Closing costs Closing Agents 81

HomeLight

JANUARY 10, 2023

HomeLight’s Simple Sale platform provides all-cash offers for homes nationwide, including in Florida. Along with providing full cash offers to purchase homes in “as is” condition, Florida Cash Home Buyers also offers another sale option which they refer to as “Novation.”. Simple Sale. Website: [link].

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Closing costs Purchase and sale agreement Closing Sales 89

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Indiana. Average days on market for Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Disclosures.

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HomeLight

OCTOBER 27, 2021

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. In fact, the homeowner might even have a plan to catch up on the mortgage, and in the end, the home won’t end up in any kind of sale.).

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HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 75

Marco Santarelli

MAY 28, 2022

Virginia Beach Real Estate Market 2019 Insight. If you’re keen to invest in your future in the Virginia Beach real estate market 2019 and buy before prices become out of reach, you must peruse till the end. Virginia Beach Real Estate Market Forecasts 2019, 2020 & 2021. Virginia Beach Housing Market Forecast 2019 – 2021.

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Marketing Purchase and sale agreement Investor Sales 98

HomeLight

OCTOBER 29, 2020

The need for a competitive offer is stronger than ever these days, when experts nationwide agree that the events of 2020 have created a robust seller’s market. While widely considered a best-practice move when purchasing a house, home inspections have some wiggle room. Home appraisals. Buyer financing.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 80

Marco Santarelli

SEPTEMBER 5, 2020

Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. In July, the median sales price — up 3.3%

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Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

AUGUST 27, 2020

The Las Vegas housing market is literally on fire amid the pandemic. The booming Las Vegas real estate market was impacted by the ongoing pandemic but things are turning back to normal. The economic uncertainty and massive job losses directly affected its housing market as well. Closed sales increased by 34.9 It was a 1.5

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Marketing Purchase and sale agreement Investor Sales 128

HomeLight

JANUARY 19, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. You receive a firm offer.

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Purchase and sale agreement Closing costs Closing Agents 81

The Close

JUNE 28, 2022

An attractive and effective real estate brochure is a must-have at your events, to launch new listings, and as leave-behind marketing materials when pitching new buyers or sellers. We also highlight 26 of our favorites for you to consider when building your print marketing strategy. VistaPrint Ultimate design flexibility.

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