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.

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Rent back Closing costs Finance Agents 105

Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% The decision to do so should be made carefully with the guidance of a trusted real estate agent, who can also advise on the possibility of doing a pre-inspection before submitting an offer. In June, 19.9% during the same month in 2019. up from 17.4% in May and 44.4%

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HomeLight

AUGUST 31, 2021

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. If you’re looking to buy a home in such a market, you need to understand how a cash offer on a house works and what makes such an offer appealing to sellers. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 79

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. PT on a Wednesday, and went to bed soon after.

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HomeLight

MAY 24, 2021

If you’re looking to buy in 2021, then you already know that the market is white-hot. Home sales have skyrocketed, and home inventory is historically low. That means it’s a prime seller’s market — and a potentially tough go for hopeful buyers. Our expert-backed guide is here to help. Talk to your agent about the market.

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Pre-qualification Pre-approval Purchase and sale agreement Loans 106

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. Sales of existing homes fell for the second consecutive month by 2.7% million in March, down 4.5%

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HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. Henderson says that while connecting with a reputable agent who knows the San Diego market is important, one thing potential buyers should be sure to do is to align themselves with a great lender.

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HomeLight

APRIL 21, 2022

After listing your home for sale, you eagerly, nervously … anxiously await the news that someone wants to buy it. 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. Find an Agent.

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Inspection contingency Home sale contingency Pre-approval Agents 107

HomeLight

FEBRUARY 25, 2022

Ideal Agent is a website that researches national real estate sales data to find what they describe as the top 1% of agents in your local area. For small markets: closed at least 50 transactions in the last 12 months. For large markets: closed at least 100 transactions in the last 12 months. Save money on your home sale.

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Agents Pre-approval Loans Sales 88

Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Get final mortgage approval. It’s rarely advisable to waive an inspection contingency.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. How’s the real estate market?

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Purchase and sale agreement Equity Agents Staging 114

HomeLight

NOVEMBER 10, 2021

After you submit your documentation, you’ll know what kind of budget you have to work with, or your approval “ceiling.”. A local agent will know how to write a competitive offer and what sellers in the market prefer. Many automated valuation models lag actual sales data and could be outdated. Source: (Beazy / Unsplash).

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Inspection Title Pre-approval Agents 89

HomeLight

MARCH 22, 2021

But you’ll notice that the market itself hasn’t changed much since then. Matt: That’s the voice of Sarita Dua, an agent in Portland, Oregon where bidding wars are common and the market is unlike anything she’s seen in her 16 years in real estate. We had the pre-approval letter.

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HomeLight

OCTOBER 12, 2020

Matt: That’s the voice of Sarita Dua, an agent in Portland, Oregon where bidding wars are common and the market is unlike anything she’s seen in her 16 years in real estate. Sarita is back with me today for part 2 of our conversation about winning bidding wars. We had the pre-approval letter.

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