Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Should they consider new construction? Are they in a situation where they can compete for a home if necessary?

Proof of funds 411

Proof of funds Inspection contingency Inspection MLS 411

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. However, there are a few things to keep in mind as you navigate the mortgage application process.

Construction 68

Construction Inspection Proof of funds Renovation 68

HomeLight

MARCH 13, 2023

New construction surge contributing to competition for buyers. Instead, however, he advises sellers to validate cash buyers for proof of funds. These include: Out-of-state buyers flocking to Austin – particularly California sellers who cashed out the equity in their expensive homes and can afford to pay cash in Austin.

Sales 70

Sales Investor House Flipping Pre-approval 70

HomeLight

FEBRUARY 3, 2022

A cash buyer will offer the entire amount for the house with no mortgage or other type of financing involved. It’s also good practice to screen buyers for pre-approval or proof of funds before they view the home to cut back on useless showings. With advanced planning, new construction is another option. “If

Pre-approval 100

Pre-approval Staging Agents Proof of funds 100

HomeLight

DECEMBER 14, 2021

has been experiencing a nationwide inventory shortage as the result of new construction hurdles and low interest rates, it’s more likely that you’re in a seller’s market than buyer’s market. Ensure any buyer who books a tour is pre-approved for a mortgage or has proof of funds. Because the U.S.

Staging 79

Staging Agents Proof of funds Pre-approval 79

HomeLight

APRIL 26, 2023

“The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. Require everything in writing. Remember, you can counter-offer and negotiate. See the next step!)

MLS 68

MLS Agents Sales Proof of funds 68

HomeLight

NOVEMBER 21, 2022

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. Require everything in writing.

Purchase and sale agreement 76

Purchase and sale agreement MLS Pre-approval Agents 76