HomeLight

NOVEMBER 15, 2024

Sell Your Inherited North Carolina Home Quickly For Cash Request a no-obligation cash offer from HomeLight’s Simple Sale platform and receive a purchase quote in 24 hours. Review any existing estate plans “So much with estates is about pre-planning on inherited property,” Hillman says.

Pre-approval

RIS Media

APRIL 8, 2022

Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. While financing may be pre-approved, the process is complex. The clause is referred to as a home sale contingency. .

Debt-to-income ratio

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

Backup offer

HomeLight

JANUARY 5, 2022

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. It’s always tougher to negotiate with a friend,” says Edward Kaminsky, a top real estate agent in Los Angeles County.

Pre-approval

Realtor.com

OCTOBER 29, 2020

If something is wrong, you can request that it be fixed—or you can back out of the sale. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Clear the title. Get final mortgage approval. It’s rarely advisable to waive an inspection contingency.

Closing

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

Pre-approval

Point2Homes

DECEMBER 7, 2020

If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers. As an example, below are some of the steps involved in the sale of a foreclosed home that you need to be aware of. Getting Pre-Approved.

Debt-to-income ratio

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Loans are between 3%-3.5% What is their timeline and what will make our offer stand out?”

Closing

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Loans are between 3%-3.5%

Earnest money deposit

Realty Biz

AUGUST 12, 2023

These can include title search fees, appraisal fees, attorney fees, and more. Loan-to-Value Ratio (LTV) : A ratio that compares the amount of the loan to the appraised value or sale price of the property, whichever is lower. Closing Costs : Fees and other costs that need to be paid when closing on a house.

Purchase and sale agreement

HomeLight

OCTOBER 20, 2022

For Sale By Owner (FSBO). Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Original sales contract. Many FSBO sellers will purchase a pre-listing appraisal. Preliminary title report.

Purchase and sale agreement

HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

Purchase and sale agreement

HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

Sales

HomeLight

JUNE 23, 2022

It is simply a period of time that the buyer sets to secure financing approval from a lender for the purchase of the home. If they get a better offer, they can give the buyer a period of time (72 hours, for example) to either remove the Home Sale Contingency or cancel the contract. Title search reveals a lien or ownership issue.

Earnest money deposit

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales

Marco Santarelli

DECEMBER 20, 2020

Most newbie investors are perplexed with the question of how to find investment properties for sale? What is an investment property for sale? Let’s learn how to find investment properties for sale. How To Find Investment Properties For Sale: Search For Off-Market Deals. You make the money when you buy it.

Sales

The Residential Specialist

JUNE 23, 2020

to streamline scheduling, Gmail Templates to create and send pre-written emails that quickly answer frequently asked questions, and Gmail’s Priority Inbox feature to automatically separate important emails from junk. Buck, for example, suggests using the in-email meeting scheduler Assistant.to Automation is how you do that.”.

Pre-approval

HomeLight

SEPTEMBER 13, 2022

This means the buyer and seller have a pre-existing relationship of some kind (i.e. If the IRS decides to audit the transaction, then you’ll have documentation to prove your home’s fair market value at the time of the sale. Any items in the home the buyer would like included in the sale (i.e. fixtures , appliances).

Purchase and sale agreement

Realty Biz

JULY 1, 2023

Providing documentation of pre-approval - Providing proof of pre-approval from a lender will show that they're ready and willing to lend money when needed during escrow. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.

Purchase and sale agreement

HomeLight

JANUARY 3, 2022

Top iBuyer companies include Opendoor, Offerpad, Redfin Now, and HomeLight (we offer iBuying services through our Simple Sale platform). An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. All of this takes time.

Agents

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale? Lets begin!

Short sale

Realtor.com

JANUARY 2, 2023

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

New Construction

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. The home appraisal is lower than the sale price. Clouds on the title.

Closing

HomeLight

NOVEMBER 9, 2021

How soon will I receive my home sale proceeds? What taxes will I owe on my home sale? Escrow refers to a specific period of time between the offer and the close of sale in a real estate transaction. If you change your mind, you can try to use a contingency or cancelation clause within the contract to back out of the sale.

Purchase and sale agreement

Easy Agent Pro

NOVEMBER 12, 2021

Early in our sales careers we learn that leads need to be qualified to become prospects. Is this a buyer who is dragging his/her feet getting pre-approved for a mortgage? Not even the homeowner who is redecorating to stage a home for sale? Title search process and issues that may come up . Staging topics .

Staging

Point2Homes

JUNE 23, 2021

Yet, the addendum can also specify that the sale must be closed by a set date. If the sale is not closed by then, you can find yourself paying a fee. The best way to avoid this scenario is to get pre-approved with the lender selling that property. Negotiating the price will be trickier. Are REOs Worth It?

Pre-approval

HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. You’ll still have official steps to complete and hiccups like a title defect can still arise. Why we recommend Simple Sale by HomeLight. Simple Sale is HomeLight’s version of an iBuyer service.

Proof of funds

HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. Reserve auctions are similar to minimum-bid auctions in that there is a fixed price that must be met to finalize the sale, but a reserve price is kept under wraps, while a minimum bid is clearly stated. Source: (Willy Barton / ShutterStock).

Title

Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). Get pre-approved As you’re researching how to buy a house, you will want to get a mortgage pre-approval. It’s important to use your wish list to inform your home search.

Earnest money deposit

CT Homes

OCTOBER 28, 2021

Understanding who is responsible for paying these fees is crucial for properly valuing the sale as the buyer or seller. Especially for sellers who choose to leverage the payment of closing costs to quicken or simplify a sale, it can’t be assumed that the seller is getting off free within a successful transaction.

Closing costs

Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets. As a seller, it’s important to be transparent in listing any issues with the home.

Home sale contingency

Redfin

AUGUST 3, 2022

Research mortgage options and get pre-approved for a home loan. They’ll also stay in touch with you every step of the way from pre-approval to closing day as well as for the lifetime of the loan.”. “A Once you have selected a lender you want to use and before you start looking at homes, get a mortgage pre-approval.

Purchase and sale agreement

Realty Biz

AUGUST 2, 2023

Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. Setting the Right Price for a Quick Sale When selling your home quickly, one of the most critical factors is setting the right price. Overcoming common challenges is also vital.

Purchase and sale agreement

HomeLight

AUGUST 16, 2021

As Richie Helali , mortgage sales leader at HomeLight Loans explains “You have to actually report the income. Smaller issues like court judgments can also result in not getting your mortgage approved. Some states require buyers to sign paperwork that discloses the price of the home and how much sales tax you owe. Bill of sale.

Loans

Redfin

SEPTEMBER 14, 2023

The median sale price , currently at $511,100, has seen a modest decline of 1.7% However there are areas of the state where the sales prices are growing at a faster rate. 3: Portland, OR Median home price : $530,000 Portland, OR homes for sale Moving to Portland offers a unique blend of urban charm and natural beauty.

Pre-approval

Windemere Buying

AUGUST 31, 2022

Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized. Even if you are pre-approved for your mortgage , you may not be able to obtain the right loan for the home. Home Sale Contingency. Title Contingency.

Home sale contingency

HomeLight

SEPTEMBER 16, 2021

Handle any unique requirements of the sale. Clear title. You know your home’s worth and you’re ready to search for a qualified cash buyer. Below are some of the most common and effective ways to find one: Use Simple Sale. You can also ask a knowledgeable real estate agent experienced with cash sales for a recommendation.

Title