Housing Wire
NOVEMBER 20, 2023
Enter the savvy seller. Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. But loan officers now have a new value add for listing agents.
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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The Close
FEBRUARY 6, 2024
Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter. A seller could just end up choosing one of the offers handed in.
HomeLight
SEPTEMBER 30, 2021
If they are unwilling to budge on price, you can also renegotiate seller concessions. This strategy works if the seller has paid off their home in full and sees value in receiving regular monthly payments, which are essentially a passive income stream. MLS printouts of these comps with sales data and seller concessions.
Realty Biz
JANUARY 19, 2024
This documentation will be necessary when applying for a mortgage pre-approval. It's advisable to reach out to multiple lenders and obtain pre-approval. They have access to the Multiple Listing Service (MLS) and can help you find homes that may not be readily available to the public.
HomeLight
MAY 25, 2023
Sellers should also consider things like whether or not their HOA will allow yard signs (many don’t!) or if they can put their house on the multiple listing service (MLS). Not having agent representation could also lead to paying more in seller concessions. When you list in the MLS, you must include a buyer’s commission.
HomeLight
OCTOBER 11, 2022
Not having agent representation could also lead to paying more in seller concessions. To give your home the most exposure, pay to have your home put on your local MLS ( multiple listing service ) -– a platform agents use to share properties with one another as well as major real estate sites. Not willing to pay for the MLS?
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