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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. When choosing a buyer's agent, consider factors like experience and qualifications. You may likely be asked to sign a buyer's agency agreement.

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Thinking About a Rent-to-Own House? Here’s What You Need to Know

HomeLight

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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Can I Sell My House to a Family Member at Below Market Value?

HomeLight

Financing hoops: You may face additional scrutiny from the lender if your buyer will use a mortgage for their purchase. The following resources may also be of assistance in your family sale: Real estate agent: For a reduced commission rate, an experienced agent can help minimize challenges and coordinate the sale. Get Estimate.

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These Rent-to-Own Homes Programs to Help You Get Into That House

HomeLight

Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. Buyers will need to meet Home Partners’ minimum FICO requirement, which varies by market, and a maximum debt-to-income ratio (DTI) of 45% to be approved. If approved, they move to submit a full application.

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I Want to Buy a House in 2021. How Much Should I Offer Over the Asking Price?

HomeLight

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. you must do your homework on both the market and your personal financials.

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Handle Escalation Clauses With Care: 5 Tips for Sellers Negotiating Multiple Offers

HomeLight

Why do some offers have one price on the purchase agreement and another price on the escalation addendum? In competitive seller’s markets , some buyers will strengthen their offer with an escalation clause. But even in a strong seller’s market, mishandling offers with escalation clauses can backfire.

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Trying to Find That Perfect Home? They Aren’t Always on the MLS

HomeLight

We’ve heard the stories about people who managed to make an offer on a house before it officially went up for sale, beating out all the other would-be buyers and scoring the home of their dreams. Most importantly, how can your real estate agent help you facilitate buying a house before it’s listed for sale? off-market homes.

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