HomeLight

SEPTEMBER 30, 2020

Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. You’ll either need a mortgage or cash (with proof of funds). HUD-approved housing counseling agencies provide advice on the process and can help you explore financing options.

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Earnest money deposit FHA loan Pre-approval Finance 81

HomeLight

OCTOBER 11, 2022

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. Kauzlarich strongly recommends vetting an unrepresented buyer before letting a complete stranger in the door.

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MLS Purchase and sale agreement Pre-approval Agents 100

HomeLight

MARCH 16, 2023

Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. 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.

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Sales Purchase and sale agreement Earnest money deposit Investor 68

The Close

DECEMBER 29, 2022

Chain of title. As clients get ready for closing, they’ll hear a lot about the title. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

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.

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Purchase and sale agreement MLS Pre-approval Agents 79

HomeLight

DECEMBER 6, 2022

Murphy says some New Jersey towns offer full-day pre-K. She cautions that buyers can get a pre-approval letter online that’s not worth the paper it’s written on. So your due diligence should include contacting the lender to ask about the type of financing and whether the buyer has the qualifications to be approved for a loan.

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Purchase and sale agreement MLS Pre-approval Agents 80

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.

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MLS Agents Sales Proof of funds 70

HomeLight

DECEMBER 8, 2022

FSBO sellers might want to hire a home inspector for a pre-listing inspection to ferret out any major issues, such as a tired roof, then fix those items before going to market, she adds. Even agents deal with delayed contracts because of inspection or title issues or other problems. This gives them time to handle minor repairs.

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MLS Agents Sales Closing 89

HomeLight

NOVEMBER 21, 2022

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. Johnson says, “You don’t need an attorney, but you may get one if you want to get the title. Somebody needs to run the title.”.

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MLS Agents Sales Land 88

HomeLight

MAY 1, 2023

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. Before signing anything, take a moment to consider whether this offer works for you. Require everything in writing. Look for a good real estate attorney.

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MLS Agents Sales Mortgage pre-approval letter 77

HomeLight

DECEMBER 6, 2022

Most people who sell by owner will need to hire an attorney to review and prepare key documents and make sure paperwork is filled out properly, such as the seller’s disclosures , standard title insurance, a conveyance deed, and any transfer taxes. We’ll address what disclosures are required when selling a house in Oregon later in this post.

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MLS Agents Sales Inspection 87

HomeLight

NOVEMBER 21, 2022

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. You don’t want to lose a buyer because you don’t know all the details in a contract.”. Require everything in writing. Look for a good real estate attorney.

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MLS Agents Sales Mortgage pre-approval letter 87

HomeLight

OCTOBER 14, 2022

Any other issues affecting the property such as deed or title restrictions, zoning or law violations, or additional material defects. Here are key things to think about when considering an offer on your Pennsylvania home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds.

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Purchase and sale agreement MLS Seller disclosure Agents 91

HomeLight

NOVEMBER 23, 2022

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. Here are key considerations when considering an offer on your West Virginia home: Vet potential buyers by requiring a mortgage pre-approval letter (if you haven’t already) or proof of funds.

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MLS Agents Sales Closing 85