RIS Media

APRIL 18, 2022

Take time to understand the current housing market. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market? Is it a buyer’s market or a seller’s market? Get pre-approved for a mortgage.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

Realty Biz

MARCH 5, 2021

Real estate agents are urging their clients to go and sell their homes now, or risk missing out on the golden opportunity that the current seller’s market presents. “A With the current high market demand for homes and slim housing inventories, sellers have far more negotiating power than they’ve had in a long time, real estate experts say.

Equity 113

Equity Rent back Agents Loans 113

HomeLight

MAY 5, 2022

Given the recent low-inventory market , many sellers are requesting rent- or lease-back deals , which allow them to remain in the home for a short period of time. We’ve got solutions and options for the specific scenario you face, whether it’s: You need to negotiate a rent-back. What to do? Pro: Sweeten the pot.

Rent back 107

Rent back Closing Purchase and sale agreement Agents 107

First Team Real Estate

MAY 25, 2021

Southern California home prices hit an all-time high this April as the hot seller’s market got even hotter. Bidding wars are extremely common across the Southern California housing market as tons of buyers compete for limited inventory , helping to drive up median prices. Becky Beavers of DQNews says the 20.2%

Rent back 98

Rent back Closing costs Sales Mortgages 98

Windemere Selling

SEPTEMBER 1, 2021

Selling your current home first allows you to make offers on a new home with cash in your pocket, increases your buying power , and avoids having to juggle two mortgages simultaneously. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in.

Purchase and sale agreement 52

Purchase and sale agreement Rent back Loans Agents 52

The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. Here are the top 10 that have helped my team successfully beat out cash offers—yes, even in this red hot market. We are not offering legal advice. Here’s how it works.

Rent back 104

Rent back Closing costs Finance Agents 104

Marco Santarelli

MAY 4, 2023

In 2023, despite a cooling housing market and high mortgage rates, turnkey homes are in demand and selling fast. While fixer-uppers, homes with less curb appeal, and those located in less desirable areas are sitting on the market for longer, turnkey homes in good school districts remain hot commodities.

Sales 52

Sales Pre-approval Investor Renovation 52

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22. This market is unlike any prior one, there are buyers that must and will buy a home.

Due diligence 52

Due diligence Rent back Inspection Agents 52

Realtor.com

DECEMBER 10, 2020

In this market, trying to negotiate a sales price probably won’t get you far.”. But even in a seller’s market, there are myriad opportunities to negotiate, from requesting home repairs to offering a speedy closing. Buying in a seller’s market is tricky. So, what all can you negotiate? Closing costs.

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Closing costs Inspection Closing Rent back 142

HomeLight

MARCH 31, 2022

leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Eliminating this important contingency can be tricky, but it may be the only way to get your offer accepted in a competitive market. You generally see those in a normal market.”

Home sale contingency 86

Home sale contingency Sales Purchase and sale agreement Inspection contingency 86

The Close

FEBRUARY 6, 2024

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. That’s not including the luxury market—the median sold price in my area in Florida is around $300,000. FAQs What is a bidding war?

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Real Trends

JULY 15, 2022

The situation in today’s housing market is consistent with that of the previous two years: a lower inventory of houses available for sale than the demand. With mortgage rates rising some potential buyers may decide that now is not the best time for them to make a purchase. What you need in today’s market.

Loan Officer 52

Loan Officer Agents Rent back Finance 52

HomeLight

AUGUST 31, 2021

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. Keep in mind that the number of cash offers floating around fluctuates with the market and at different price points.

Due diligence 80

Due diligence Inspection Pre-approval Pre-qualification 80

Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% Record-low mortgage rates, which fell below 3% for the first time in history this month, are driving strong homebuyer demand amid a severe shortage of homes on the market. In June, 19.9% of successful offers submitted by Redfin agents in select major U.S.

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Redfin

JULY 30, 2020

Almost half (45%) of people who bought a home in the past year made an offer on a property that they hadn’t seen in person, the highest share since at least 2015, according to a Redfin-commissioned survey in May and June of more than 1,400 people across 29 major markets.

Inspection contingency 73

Inspection contingency Purchase and sale agreement Pre-approval Inspection 73

HomeLight

AUGUST 16, 2022

With mortgage interest rates in flux and trending upward after nearly two years of rock-bottom percentages, prospective homebuyers across the country are wondering when mortgage rates will go down again. We’ll get into more details shortly, but it is safe to say that market activity is to blame (or thank!)

Mortgages 134

Mortgages Fixed-rate mortgage Agents Rent back 134

HomeLight

APRIL 19, 2021

But getting to live in such a cultural epicenter means getting ahead of an exceptionally competitive real estate market. We interviewed real estate experts with decades of experience to help you win a bid on your own home in Manhattan’s hyper-competitive, fast-paced market. Source: (Josephine Baran / Unsplash). Flood zones in the city?

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Earnest money deposit Due diligence Inspection Agents 63

HomeLight

SEPTEMBER 30, 2020

In some cases, the buyer is the one who requests the U&O, so they can move into the home while still waiting for a mortgage to be finalized and before ownership is legally transferred. If the seller wants to stay for much longer than that, it could end up affecting the marketability of the property. Maintain homeowner’s insurance.

Purchase and sale agreement 55

Purchase and sale agreement Closing Rent back Investor 55

HomeLight

AUGUST 17, 2022

Though mortgage interest rates have taken a recent dip amid recession concerns, it’s no secret that these numbers have been climbing since the historic lows we saw in 2020 and 2021. But why are mortgage rates going up? What determines mortgage interest rates? In short, the market is what drives interest rates.

Mortgages 84

Mortgages Rent back Fixed-rate mortgage Banks 84

HomeLight

APRIL 17, 2024

Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. Request Offer Editors note: Opendoor and Offerpad provide an option to list your home on the market. In normal home sales, many real estate agents are negotiating rent-back periods for home sellers.

Seller concession 101

Seller concession Inspection Rent back Closing 101

HomeLight

MARCH 31, 2021

If these scenarios ring true, chances are you’re in the midst of a seller’s market. A seller’s market exists when there are more homebuyers than available homes. He explains what a seller’s market looks like and what to expect if you’re a homeowner thinking about selling in these ideal conditions.

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Marketing Banks Land Sales 89

HomeLight

JUNE 30, 2021

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. If you have a buyer who’s going to get a mortgage, it has to make it across the finish line.

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

First Team Real Estate

MAY 21, 2021

In order to get your home offer accepted in today’s tight seller’s market, you’ve got to be quick, smart, and totally in sync with your real estate agent. We can set you up for automatic alerts when new homes come on the market that fit your wish list, so you are instantly notified about new properties.

Purchase and sale agreement 98

Purchase and sale agreement Rent back Marketing Agents 98

HomeLight

JULY 29, 2022

Or, you could wind up paying two mortgages for a while if you go ahead and buy that dream house before you’ve sold yours. Each option may have advantages that depend on market conditions. Start by understanding the market. It helps to know where the market is now and where it’s headed. In a buyer’s market.

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Debt-to-income ratio Loans Rent back Equity 109

HomeLight

NOVEMBER 30, 2023

While your home shopping journey technically started with getting preapproved for a mortgage and looking at houses, it often doesn’t feel official until your agent submits an offer. Once you are comfortable with your down payment savings goals, get preapproved for a mortgage. An offer letter is your introduction to the seller.

Rent back 82

Rent back Agents Renovation Mortgages 82

HomeLight

JANUARY 7, 2022

The condition of the house you own: This will factor into how fast your home will sell in the current market and if you might encounter any issues as you list your home. Shop for a new home (8 weeks): Once you comb through the market and find your ideal home, it’s time to create the perfect offer. List your house for sale.

Equity 104

Equity Loans Debt-to-income ratio Closing 104

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 . The comps aren’t really comparable.

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Purchase and sale agreement Short sale Rent back Sales 90

HomeLight

MAY 24, 2021

If you’re looking to buy in 2021, then you already know that the market is white-hot. That means it’s a prime seller’s market — and a potentially tough go for hopeful buyers. So how can you be prepared to pounce with the right offer over asking price when you see that dream home hit the market? Get preapproved for a mortgage.

Pre-qualification 107

Pre-qualification Pre-approval Purchase and sale agreement Loans 107

HomeLight

MAY 24, 2022

The recent real estate market has been head spinning, and perhaps the home that sold across the street for way over asking price has got you wondering — should I sell my house in 2022? Real estate market starts to cool off. Maybe you now work remotely so you’re thinking about moving to have enough space for a home office.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

APRIL 21, 2022

To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. You found your new home and want to avoid carrying two mortgages. Your house has been on the market three months or more.

Inspection contingency 108

Inspection contingency Home sale contingency Pre-approval Agents 108

HomeLight

MARCH 20, 2023

After all, few people can afford to hold two mortgages. Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. Appraisal Contingency: If the appraisal fails to meet or exceed the purchase price, the buyer can back out of the contract (or, more often, renegotiate the purchase price).

Home sale contingency 95

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 95

HomeLight

NOVEMBER 10, 2021

A mortgage is a 15- to 30-year commitment, unless you sell or refinance. For example, a 1% difference in your mortgage rate could bump your monthly payment up around $100 a month, costing you $30,000 over the life of a 30-year mortgage. Step 4: Get preapproved for a mortgage. Step 3: Shop around for lenders.

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Inspection Title Agents Pre-approval 91

HomeLight

FEBRUARY 4, 2022

But for buyers especially, a good agent can make all the difference — they’ll simplify the process and not only make sure you find the right home for your lifestyle and budget, but they’ll also be able to help you make the most of current market conditions and maximize your dollar. Agents really know the real estate market.

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Agents Purchase and sale agreement Due diligence Inspection 98

HomeLight

FEBRUARY 28, 2022

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. In this seller-centric market, buyers will often let sellers stay and will agree to a delay of 30-60 days. Real Estate Agent. Years of Experience.

Equity 122

Equity Debt-to-income ratio Closing Loans 122

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

MARCH 28, 2022

Home equity is a homeowner’s financial stake in their property that they own free of their mortgage loan obligation.). When you sell, you’ll need to ensure that the value of your home will cover your outstanding mortgage balance in addition to selling expenses amounting to around 6%-10%. How’s the real estate market?

Purchase and sale agreement 115

Purchase and sale agreement Equity Agents Staging 115

HomeLight

SEPTEMBER 23, 2021

The time of year and market conditions you list your home in can significantly impact your sale speed and price. Real estate is hyperlocal — you need to understand your local market’s nuances, inventory, and demand to determine the best time to sell. Analyze the market — but know you can’t predict its movements.

Rent back 83

Rent back Home sale contingency Agents Sales 83