HomeLight

JANUARY 5, 2022

“They help clients save money by representing both sides and a pre-arranged discount.”. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. Don’t: Be lenient on the pre-approval step.

Pre-approval 106

Pre-approval Purchase and sale agreement Title search Title 106

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. Preliminary title report. Pre-inspection. You can ask for proof of funds and a mortgage pre-approval letter. Mandatory disclosures.

Purchase and sale agreement 103

Purchase and sale agreement Pre-approval Inspection MLS 103

HomeLight

AUGUST 31, 2021

Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Ask for proof of funds and EMD. Request Cash Offer. Lower-maintenance sale. Source: (Shopify Partners / Burst).

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

Sales 83

Sales Investor Due diligence Renovation 83

HomeLight

SEPTEMBER 16, 2021

You should also request proof of funds to confirm that the buyer actually has the available cash to complete the purchase. And Simpson recommends going even a step further to confirm that the proof of funds letter hasn’t been forged: “Make sure you call their bank to verify they have funds and that they’re liquid,” he advises.

Title 101

Title Inspection Proof of funds Investor 101

HomeLight

NOVEMBER 21, 2022

Buyers may get pre-approved for a mortgage at the click of a button on a website, but might not have submitted the documentation. With our current climate of changing interest rates, that same pre-approval from a month ago may not be valid today for the price of their home,” Richter adds. Require everything in writing.

Purchase and sale agreement 78

Purchase and sale agreement MLS Pre-approval Agents 78

HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance.

Sales 67

Sales Purchase and sale agreement Earnest money deposit Investor 67