Toronto Realty Blog

APRIL 18, 2022

Because it’s a shot across the bow to anybody that is going to suggest an assumable mortgage is not a commodity that can, or will, be bought and sold with regularity in the coming months. So what if a buyer of a house could save $50,000 per year on mortgage interest? For a goddam video game! Now, why am I saying all of this?

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Fixed-rate mortgage Mortgages Purchase and sale agreement MLS 91

HomeLight

JANUARY 3, 2024

Oriana Shea , a top-rated agent in California who has been helping homebuyers for 26 years, says that, depending on local multiple list service (MLS) rules and where the property is located, a listing might actually be tagged as “contingent” rather than under contract. What contingencies might be attached to ‘under contract’ listings?

Purchase and sale agreement 100

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 100

Toronto Realty Blog

JUNE 2, 2021

They would be conditional on a lawyer’s review, a home inspection commissioned by the buyer (but paid for by the government…), satisfactory and guaranteed mortgage financing, a catch-all for unfettered “due diligence,” and a mandated ten-day cooling-off period where the buyer can change his or her mind for any reason.

Pre-approval 96

Pre-approval Inspection Purchase and sale agreement Due diligence 96

Realty Biz

APRIL 25, 2023

Homesnap.com : A real estate app that offers accurate MLS data, customizable searches, and property value estimates 4. Homes.com : A real estate app that offers property listings, home value estimates, and mortgage calculators. Redfin Mortgage : An app that offers mortgage pre-approval and application services for buyers and agents.

Agents 92

Agents Pre-approval MLS Commercial 92

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. With a short sale, a lender agrees to a property sale for less than the remaining mortgage balance. Pre-foreclosure.

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Pre-approval Short sale Banks Finance 97

Realty Biz

JANUARY 1, 2021

Today the process for finding foreclosed homes is nearly the same as searching traditional MLS home listings online. . Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. Lesa Furman, Avon IN Realtor ®. Short Sales .

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Short sale Pre-approval Banks Loans 116

Real Trends

OCTOBER 1, 2022

Get your knowledge updated about adjustable rate mortgages, buydowns, seller financing, and other alternatives to the 30-year fixed. It’s not good enough to just be pre-approved. It’s not good enough to just be pre-approved. Knowledge = Confidence, ignorance = fear. The post Game on!

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Pre-approval Marketing Inspection MLS 83

Realtor.com

NOVEMBER 28, 2022

Yet any homebuyer out there today will also face steep mortgage interest rates, which have more than doubled over the past year to the 7% range. Most sellers who move would need to get a new mortgage, at a higher rate. Can I handle the possibility of two mortgage payments—and if so, for how long? ® Chief Economist Danielle Hale.

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Marketing Pre-approval Equity Finance 119

The Close

FEBRUARY 20, 2024

I know it’s hard to imagine, but consider putting in your buyer’s specific criteria (three bedrooms, a detached garage, and pool) and the MLS returning over a dozen listings in a neighborhood. This means you’ve got a pre-approval in hand and that you understand the importance of being flexible. The first would be your local MLS.

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Marketing Debt-to-income ratio MLS Pre-approval 91

Real Trends

JULY 14, 2022

million , more in line with the pre-pandemic numbers of 2018 and 2019. Rising mortgage rates are reducing competition and impacting buyers’ budgets. While higher mortgages tend to reduce home costs, prices are still rising, and the majority of properties were sold within a month of being listed. Most markets across the U.S.

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Agents Sales Pre-approval Brokerage 52

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. Also, understand the difference between a prequalifying and a pre-approval letter. Or it could end up in a bidding war.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Easy Agent Pro

SEPTEMBER 3, 2020

Provide urgency by reminding them that their homes are far more attractive now, in summer, than fall so their photos will stand out in the MLS, should they decide to sell in the fall real estate market. Getting pre-approved for a mortgage before shopping for a home is even more important when someone chooses autumn to shop for a home.

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Marketing Pre-approval MLS Title 112

Realty Biz

APRIL 17, 2021

The power of a good marketing plan and a strong MLS listing is at the core of getting a bidding war started. Expect it to take several weeks before your house is ready to be listed on the MLS. The house is newly listed on the MLS but you’re not going to allow it to be shown for about a week. Step 2 – Plan ahead.

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MLS Pre-approval Staging Agents 99

Realty Biz

NOVEMBER 11, 2020

The Mortgage Financing Contingency. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan. Perhaps, they have taken out a fresh loan, or their situation has changed in some other way since pre-approval. These appraisal tips will help.

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Backup offer Sales Home sale contingency Earnest money deposit 110

Realty Biz

JANUARY 12, 2021

Today, traditional investing involves finding available properties on the internet-based MLS (multiple listing system). It means proving you are pre-qualified for a loan before you know what house you might buy. Once you have an offer accepted, a whole new set of people start looking at the agreement to see if they approve.

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Purchase and sale agreement Pre-qualification Pre-approval MLS 69

HomeLight

NOVEMBER 9, 2021

A traditional home sale in which a seller lists with an agent and a buyer finances with a mortgage takes approximately 18-30 days to go under contract, plus an additional 30-45 days to closing. Keep in mind though, that a home that needs major repairs may slow or derail a sale to traditional buyers who are financing with a mortgage.

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Purchase and sale agreement Home sale contingency Title search Inspection 85

Kyle Handy

MARCH 13, 2023

MLS Campus Real Estate School A course focused on mathematics and other fundamentals. MLS Campus Real Estate School is an excellent school for agents who are struggling with the mathematics sections of the real estate exam. They have pre-license, post-license, continuing education, and broker post-license courses.

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Pre-approval Agents MLS Sales 73

Point2Homes

JUNE 23, 2021

Before a property becomes an REO, it goes through several stages: Payment default: the owner of the property fails to make a payment on their mortgage loan. You will still need to check MLS listings, research the local market, consider your financing options, obtain an appraisal and inspection, make an offer , negotiate and close the deal.

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Pre-approval Banks Title search Inspection 71

Toronto Realty Blog

JUNE 21, 2021

On the other hand, prices are rising faster than the savings from low-rate mortgages can offset. You can get a mortgage for 100% of the value. You don’t get mortgage pre-approvals – just an estimated ceiling. Previously you could get 104% to cover closing costs, but this was phased out last year.

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Pre-approval Construction MLS As-is 105

HomeLight

SEPTEMBER 30, 2021

If you’re financing your purchase with a mortgage loan, your new property most likely needs to undergo an appraisal to complete the transaction process. Lenders will almost always require an appraisal to be done by an independent third party if you’re getting a mortgage loan. Option 5: Pay more for the house. What is an appraisal?

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Pre-approval Seller concession Finance Banks 94

Redfin

JULY 27, 2020

Fortunately, your real estate agent has access to a variety of databases, such as the multiple listing service (MLS) that provides more detail about comps. Every buyer should seek a pre-approved loan before the house hunting begins. Having this information is especially important once negotiations begin. Know your budget.

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Pre-approval Agents Sales Finance 59

The Residential Specialist

JUNE 23, 2020

“For example, if we have a price reduction, there’s a price reduction checklist that reminds us of everything we have to do, from alerting people who have seen the property to changing brochures and updating the MLS.”. REALTORS® can also use automation to help improve customer service.

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Pre-approval Title search Technology Agents 98

HomeLight

JANUARY 3, 2023

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Since you won’t be able to access MLS data without a real estate license, you’ll need to look at major home search sites to collect your data. Get a pre-listing appraisal.

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Purchase and sale agreement Inspection MLS Inspection contingency 98

Ryan Serhant

FEBRUARY 21, 2022

Let’s get started with the list of basic requirements you’ll need to meet to get your real estate salesperson license in AK. Meet the pre-qualifications. Complete your state-approved pre-license course. Complete your Alaska license application. Make sure you meet the pre-qualifications.

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Pre-qualification Pre-approval Brokerage Agents 52

HomeLight

SEPTEMBER 15, 2022

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. If you’re in good standing with your mortgage, you won’t want to seek out an auctioneer who works solely with foreclosures.

Pre-qualification 87

Pre-qualification Pre-approval Investor Agents 87

HomeLight

MARCH 31, 2022

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. A pre-sale inspection also won’t necessarily stop a buyer from procuring their own independent inspection before closing. Get a pre-listing appraisal.

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Purchase and sale agreement Inspection Title MLS 90

The Residential Specialist

MARCH 22, 2021

In the Raleigh, North Carolina, area, the existing inventory went from a little over 7,000 homes in his MLS about a year ago to around 2,200 homes now, according to Smith. Smith developed an interest in recorded video pre-COVID. Smith’s market in North Carolina is especially challenging at the affordable range. Virtual tour.

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Pre-approval Design Closing costs Development 98

CT Homes

SEPTEMBER 29, 2020

If this isn’t an option you need to work with your lender or mortgage broker to get as much of the underwriting done prior to finding a home. This eliminates a large part of the process and can shave weeks off the approval time. The MLS is the largest and most popular source for new real estate listings.

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Earnest money deposit Pre-approval Inspection Finance 103

Realty Biz

JUNE 21, 2022

Secondly, operators and realtors update their MLS news regularly, giving you access to the most topical housing options. Extra features are free-home tours (some even offer 3D tours) and pre-approval assistance. In stark contrast with this, real estate agents can assist you in virtually any issue on selling or purchasing a home.

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Pre-approval Design Agents Branding 76

HomeLight

MAY 10, 2022

Zillow also connects you with mortgage lenders , providing information about rates and reviews of their services. Other revenue comes from mortgage, title, Walk Score data, advertising, and other ancillary services. Zillow transitioned from using direct MLS feeds to IDX in 2021. Mobile apps. Zillow operates nationwide.

Brokerage 96

Brokerage Agents Pre-approval Sales 96

Boom Town

APRIL 8, 2019

A MLS market can be a big place to search through. Knowing their budget makes an easy transition for asking about mortgage pre-approval (which is the second “M” in LPMAMA). Again, I don’t want you to miss out on the right house, and that would probably only add a few bucks to your mortgage payment. Agent : “Great!

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Pre-approval MLS Agents Brokerage 74

HomeLight

JUNE 30, 2021

Buyers can find open houses through their agents, the multiple listing service (MLS) , social media , or just by driving around and looking for signs. For example, you can keep details about pre-qualification between you and your real estate agent. Have a pre-approval letter ready in case you fall in love.

Pre-approval 67

Pre-approval Pre-qualification Agents Inspection 67

HomeLight

JANUARY 3, 2022

In addition, the risks of a settlement cancellation or delay are higher with a traditional sale, especially if the buyer is purchasing the home with a mortgage. They also don’t want the hassle of renting out their old home or carrying two mortgages. When agents and iBuyers work together. All of this takes time. Inspections / repairs.

Agents 94

Agents Title Inspection Title search 94

Toronto Realty Blog

JANUARY 13, 2021

Rosy views on the housing market have helped drive overall household sentiment back to pre-pandemic levels even with the country dealing with a second wave of COVID-19 cases and new lockdowns. I currently have a five-year, fixed-rate mortgage approved at 1.30%. That’s not a typo: that says 1.30%.

Sales 69

Sales Pre-approval Fixed-rate mortgage MLS 69

CT Homes

SEPTEMBER 29, 2020

If this isn’t an option you need to work with your lender or mortgage broker to get as much of the underwriting done prior to finding a home. This eliminates a large part of the process and can shave weeks off the approval time. The MLS is the largest and most popular source for new real estate listings.

Earnest money deposit 52

Earnest money deposit Pre-approval Inspection Finance 52

CT Homes

SEPTEMBER 29, 2020

If this isn’t an option you need to work with your lender or mortgage broker to get as much of the underwriting done prior to finding a home. This eliminates a large part of the process and can shave weeks off the approval time. The MLS is the largest and most popular source for new real estate listings.

Earnest money deposit 52

Earnest money deposit Pre-approval Inspection Finance 52

HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Mortgage statement with payoff amount. Pre-inspection. You’ll get the widest audience exposure by listing your home on the MLS (multiple listing service).

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Purchase and sale agreement Pre-approval Inspection MLS 101