Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. How to remedy the situation. The home appraisal is lower than the sale price.

Closing 62

Closing Title search Purchase and sale agreement Title 62

Housing Wire

JANUARY 13, 2023

Just two weeks into 2023, Guaranteed Rate ‘s top LO and managing director Ben Cohen has also seen an increase in inbound calls from buyers wanting pre-approval for mortgages. Read on for more about Cohen’s business strategies for 2023, his take on the housing market and what mortgage products to pay attention to this year.

Pre-approval 376

Pre-approval Marketing Seller concession Mortgages 376

Realty Biz

JANUARY 19, 2024

Interviewing and selecting a buyer's agent and choosing a mortgage lender and real estate attorney are vital steps. From preparing your finances and exploring mortgage options to calculating your budget, these steps set you on the right path toward finding your dream home. Let's get started on your path to homeownership.

Debt-to-income ratio 101

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 101

HomeLight

JUNE 14, 2022

You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale. Seller concessions. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Seller concessions are another cost to sell a house in Chicago. Closing costs.

Seller concession 88

Seller concession Purchase and sale agreement Closing costs Title 88

HomeLight

NOVEMBER 7, 2022

However, the 7% to 8% does not include your mortgage payoff. To illustrate how this might look, if you sell your Houston bungalow home for $325,000, the seller’s costs could range from $22,750 to $26,000. Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Houston.

Seller concession 79

Seller concession Purchase and sale agreement Closing costs Inspection 79

HomeLight

OCTOBER 20, 2022

However, the 7% to 8% does not include your mortgage payoff. To illustrate how this might look, if you sell your Austin bungalow home for $325,000, the seller’s costs could range from $22,750 to $26,000. Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Austin.

Seller concession 87

Seller concession Purchase and sale agreement Closing costs Inspection 87

HomeLight

MARCH 19, 2022

Few (or zero) repair requests, contingencies , or seller concessions. The buyer’s financial health (mortgage pre-approval, down payment size, etc.). Often, sellers are so comfortable living in their homes that they’re blind to its live-in condition. An all-cash offer. Source: (Anouk Doe / Pexels).

Closing 92

Closing Due diligence Agents Staging 92

HomeLight

MAY 25, 2023

Not having agent representation could also lead to paying more in seller concessions. Sellers should also keep in mind that while buyers can often get pre-approved for a mortgage at the click of a button on a website, they may not have submitted the documentation to guarantee that approval.

MLS 83

MLS Pre-approval Agents Sales 83

HomeLight

FEBRUARY 8, 2023

Seller concessions: Depending on whether issues are found during the home inspection process, the seller may have to come up with funds at closing to cover any necessary repairs. It may be worthwhile to get a pre-listing inspection to rule out any major issues.

Purchase and sale agreement 82

Purchase and sale agreement Inspection Investor Agents 82

HomeLight

DECEMBER 6, 2022

Not having agent representation could also lead to paying more in seller concessions. Murphy says some New Jersey towns offer full-day pre-K. Murphy says there are many people who have slowed down their search or taken a break with mortgage rates skyrocketing. “We Marketing your home is time-consuming.

Purchase and sale agreement 77

Purchase and sale agreement MLS Pre-approval Agents 77

HomeLight

OCTOBER 11, 2022

Not having agent representation could also lead to paying more in seller concessions. To protect your home, yourself, and your family, have a pre-approval process that includes: Requiring the buyer’s identification. Requiring the buyer’s pre-approval letter or proof of funds. We get attacked.

MLS 97

MLS Purchase and sale agreement Pre-approval Agents 97

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Buyers may get pre-approved for a mortgage at the click of a button on a website, but might not have submitted the documentation. Have the pre-inspection done so that you can be ahead of any potential issues,” Richter suggests.

Purchase and sale agreement 76

Purchase and sale agreement MLS Pre-approval Agents 76

HomeLight

NOVEMBER 10, 2022

Not having agent representation could also lead to paying more in seller concessions. FSBO sellers tend to be easier on themselves when it comes to preparing a home for sale, Genyk believes. Lalez suggests getting a pre-listing inspection. I check the buyer’s pre-approval by calling the lender.

Purchase and sale agreement 85

Purchase and sale agreement MLS Agents Pre-approval 85

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. You’ll still have selling costs, which may include transfer taxes and settlement fees.

MLS 68

MLS Agents Sales Proof of funds 68

HomeLight

OCTOBER 1, 2022

Not having agent representation could also lead to paying more in seller concessions. But that said, he urges FSBO sellers to ensure that prospective buyers have pre-approval and proof of funds. He says asking for pre-approval letters is key. Marketing your home is time-consuming.

MLS 91

MLS Pre-approval Agents Sales 91

HomeLight

MARCH 13, 2022

Not having agent representation could also lead to paying more in seller concessions. Before signing anything, here are key considerations: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Source: (Spacejoy / Unsplash). See the next step!).

MLS 94

MLS Agents Mortgage pre-approval letter Sales 94

HomeLight

APRIL 27, 2023

Not having agent representation could also lead to paying more in seller concessions. Before signing anything, Grable recommends thoroughly reading through the offer and noting not just the offer price, but if there will be a mortgage, and when the closing date will be. Marketing your home is time-consuming. See the next step!)

MLS 80

MLS Agents Sales Mortgage pre-approval letter 80

HomeLight

SEPTEMBER 30, 2022

Not having agent representation could also lead to paying more in seller concessions. Invest in an appraisal or pre-inspection. In Wisconsin, however, Brunette says that FSBO sellers ordering their own appraisals is not currently a common practice. Marketing your home is time-consuming. Require everything in writing.

Purchase and sale agreement 79

Purchase and sale agreement MLS Agents Inspection 79

HomeLight

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Mississippi home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. See the next step!)

MLS 74

MLS Agents Sales Mortgage pre-approval letter 74

HomeLight

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Maryland home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 71

MLS Agents Mortgage pre-approval letter Sales 71

HomeLight

DECEMBER 6, 2022

Not having agent representation could also lead to paying more in seller concessions. However, a pre-listing inspection can turn up issues of which you’re unaware, saving you time and money by handling any necessary repairs before a buyer enters the mix. Marketing your home is time-consuming. Require everything in writing.

MLS 83

MLS Agents Sales Inspection 83

HomeLight

NOVEMBER 23, 2022

Not having agent representation could also lead to paying more in seller concessions. So keep in mind that your own appraisal is not a guarantee of how much a buyer will pay, nor how much a bank will approve. Marketing your home is time-consuming. It’s just an opinion backed by their facts.” Make sense of the research.

MLS 81

MLS Agents Sales Closing 81

HomeLight

APRIL 13, 2023

Not having agent representation could also lead to paying more in seller concessions. He also says sellers should beware of anyone who wants an “owner carry” where the seller actually holds the mortgage. Marketing your home is time-consuming. Require everything in writing. Look for a good real estate attorney.

MLS 85

MLS Agents Sales Mortgage pre-approval letter 85

HomeLight

APRIL 27, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Kentucky home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 65

MLS Agents Sales Mortgage pre-approval letter 65

HomeLight

OCTOBER 14, 2022

Not having agent representation could also lead to paying more in seller concessions. An attorney can help sellers put the contract together and educate you on how to handle everything correctly.”. They haven’t been pre-qualified and you don’t know if they’re legit buyers.”. Marketing your home is time-consuming.

Purchase and sale agreement 87

Purchase and sale agreement MLS Seller disclosure Agents 87

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Louisiana home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. See the next step!).

MLS 85

MLS Agents Sales Land 85

HomeLight

OCTOBER 11, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Michigan home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

Purchase and sale agreement 85

Purchase and sale agreement MLS Agents Sales 85

HomeLight

DECEMBER 8, 2022

Not having agent representation could also lead to paying more in seller concessions. I actually provide all my sellers what lenders require,” so they can check for items such as chipped paint, faulty plumbing, and so on, Wood says. Marketing your home is time-consuming. This gives them time to handle minor repairs.

MLS 85

MLS Agents Sales Closing 85

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Nebraska home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 83

MLS Agents Sales Mortgage pre-approval letter 83

HomeLight

DECEMBER 13, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Virginia home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

Purchase and sale agreement 85

Purchase and sale agreement MLS Agents Sales 85

HomeLight

MARCH 23, 2022

If they have underwriting approval, versus just a preapproval, they’re a much stronger buyer than someone with just a preapproval letter. The process of qualifying for a mortgage includes a few different tiers. When you want to decide how much you will be able to borrow for your mortgage, prequalification is often the first step.

Pre-approval 94

Pre-approval Marketing Inspection Finance 94

HomeLight

OCTOBER 14, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Illinois home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 72

MLS Agents Sales Mortgage pre-approval letter 72

HomeLight

APRIL 29, 2022

If you list on Opendoor, they generally estimate a 5% service charge, 1% closing costs, and 0%-2% seller concession costs. It enables you to avoid double moves and mortgages. Is there a cost for home sellers to use Zillow? Other services provided by Opendoor. It’s free to list your home on Zillow.

Agents 88

Agents MLS Closing Home sale contingency 88

HomeLight

OCTOBER 20, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Indiana home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Don’t discriminate.

MLS 81

MLS Agents Mortgage pre-approval letter Sales 81