Remove Pre-approval Remove Proof of funds Remove Sales
article thumbnail

9 expert tips to close real estate deals faster & easier

Housing Wire

Faster sales not only allow us to help more clients each year, they also help alleviate some of the stress and anxiety that come with a commission-only career. So be sure to price your listings at market value or even slightly below; this will drive buyer interest and result in a faster sale. Who are these motivated clients?

article thumbnail

How Fast Can You Get Pre-Approved for a Home Loan?

Redfin

Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? Why it matters: It helps you set a realistic budget.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

9 Buyer Agent Mistakes That Are Killing Deals (and Your Reputation)

BAM Media

Every day, I see buyer agents make the same nine mistakes that kill sales, terminate agreements, and ruin their reputations. Showing Up Unprepared Showing homes without knowing the comps, days on market, or list-to-sale price trends is lazy. Know the square footage, layout, and sale history. These aren’t rookie mistakes.

article thumbnail

Can a Seller Keep the Earnest Money Deposit? Yes – Here’s When

Redfin

Failing to deliver required documents (like updated proof of funds or loan pre-approval) by the contract deadlines. They switch lenders mid-process and fail to notify the seller, which delays the loan approval and causes them to miss the financing deadline.

article thumbnail

What to Know About Buying a Home For The First Time

Rochester Real Estate

A pre-approval letter must be included, and proof of funds can also help in a seller’s market. Final Loan Approval Before you close on the home, avoid making any changes to your finances that could undermine your approval. You don’t want to be denied the loan after being approved.

article thumbnail

Navigating Bidding Wars During a Hot Real Estate Market

RIS Media

If the listing agent is allowed to disclose the other offers, make sure to obtain written approval from the seller before discussing this. Your client should also come prepared with a few other things: a pre-approval letter, earnest money deposit and, if they are paying cash, a proof of funds document.

article thumbnail

How to Sell a House to a Friend So No One Feels Cheated: 11 Do’s and Don’ts

HomeLight

Find an Agent to Coordinate a Sale Among Friends. They help clients save money by representing both sides and a pre-arranged discount.”. Don’t: Be lenient on the pre-approval step. If your friend plans to pay for your home with all-cash, then you want to have your attorney verify proof of funds.