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?”

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Earnest money deposit Closing Sales Inspection 118

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 110

Earnest money deposit Closing Sales Title 110

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.

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Purchase and sale agreement Mortgages Pre-approval Title search 97

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.

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Purchase and sale agreement Pre-approval Inspection Title 111

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.

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Purchase and sale agreement Home sale contingency Title search Title 105

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.

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Sales Investor Due diligence Renovation 98

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 111

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 111

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.

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Sales Purchase and sale agreement Earnest money deposit Bankruptcy 93

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 80

Sales MLS Renovation Investor 80

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.”.

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Pre-approval Title search Technology Agents 98

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).

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Purchase and sale agreement Title Title search Finance 111

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.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

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.

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Agents Title Inspection Title search 105

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!

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Short sale Sales Due diligence Purchase and sale agreement 52

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.

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New Construction Construction Pre-approval Inspection 105

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. Navigating the Mortgage Approval Process Securing a mortgage is a vital step in buying a house.

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Purchase and sale agreement Inspection Pre-approval Fixed-rate mortgage 52

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.

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Closing Title search Purchase and sale agreement Title 63

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.

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Purchase and sale agreement Pre-approval Closing Title 106

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 .

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Staging Pre-approval Title search Agents 116

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?

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Pre-approval Banks Title search Inspection 71

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.

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Proof of funds Investor Due diligence Title 144

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).

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Title Due diligence Finance Inspection 111

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.

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Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

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.

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Closing costs Closing Purchase and sale agreement Title 75

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.

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Home sale contingency Inspection contingency Purchase and sale agreement Pre-approval 52

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.

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Purchase and sale agreement Title Staging Inspection 93

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.

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Purchase and sale agreement Pre-approval Title Debt-to-income ratio 76

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.

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Loans Mortgages Bankruptcy Purchase and sale agreement 105

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.

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Pre-approval Debt-to-income ratio Title search Loans 66

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.

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Home sale contingency Inspection contingency Title Pre-approval 52

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.

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Title Inspection Proof of funds Investor 105

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Pre-approval Agents 102

Redfin

APRIL 21, 2023

Florida’s median sale price has been steadily rising in the last decade, with a significant spike in 2020-2021. Presently, the median sale price stands at $400,000, comparable to the previous year. 1: Miami, FL Median home price : $565,000 Miami, FL homes for sale Living in Miami is an experience like no other.

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Pre-approval Closing costs Title Loans 63

HomeLight

NOVEMBER 10, 2021

After you submit your documentation, you’ll know what kind of budget you have to work with, or your approval “ceiling.”. Many automated valuation models lag actual sales data and could be outdated. You’re getting a feel for the market, and that quick sale just told you it’s probably a good area. Step 9: Order an inspection.

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Inspection Title Agents Pre-approval 98

Windemere Buying

JUNE 22, 2022

It means the seller has accepted an offer and there’s a good chance the deal will go through, but because the sale is not yet final, the property is technically not off the table. When the sale closes, the money goes toward the down payment or closing costs. In return, the seller agrees to take the home off the market.

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Purchase and sale agreement Inspection contingency Backup offer Seller concession 52

Marco Santarelli

AUGUST 16, 2024

Laying the Foundation: Pre-Investment Essentials A successful real estate investment journey begins with a solid foundation. Get pre-approved for a mortgage: This strengthens your position as a serious buyer and streamlines the purchase process. Check Our Inventory of Turnkey Rental Properties For Sale 2.2.

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Due diligence Purchase and sale agreement Renovation Title search 52

Redfin

JUNE 14, 2023

This affordability is evident through a median sale price of $361,000, which is below the national median of $407,415. Despite a decrease in housing demand, the median sale price continues to rise steadily, with a noteworthy 2.5% One aspect that makes this market particularly enticing is its affordability in comparison to other areas.

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Pre-approval Debt-to-income ratio Closing costs Title 59