HomeLight

MARCH 31, 2021

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Pre-listing home inspections are just like standard inspections.

Inspection 86

Inspection Inspection contingency FHA loan Sales 86

The Close

FEBRUARY 6, 2024

That will make them the big fish in the little pond, giving them a lot more purchasing and negotiating power. Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. They thought I was a genius—which, of course, I am.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Realty Biz

DECEMBER 23, 2022

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer. Main Benefits for the Buyer.

Inspection 80

Inspection Inspection contingency Pre-approval Closing 80

HomeLight

OCTOBER 30, 2020

Selling a house “as is” without inspection is the definition of driving a hard bargain. In essence, you’re asking buyers to purchase your home blind and take your word that your price is accurate. As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen.

Inspection 99

Inspection As-is Inspection contingency Investor 99

HomeLight

MARCH 13, 2023

Available to sellers in the Los Angeles area. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale. Perhaps you’re in a situation where you’re looking for reputable cash home buyers in Los Angeles. A cash sale may provide the speed and efficiency you need.

Sales 96

Sales Purchase and sale agreement Due diligence Inspection 96

RIS Media

OCTOBER 29, 2020

With our first-time buyer tips, you should be able to avoid many of the problems that can prevent your purchase from going well. Lenders prefer you to have a down payment of 20 percent, but you can get away with just 3 percent of the purchase price if you have good credit. percent of the purchase price to be provided by buyers.

Pre-approval 140

Pre-approval FHA loan Inspection Closing costs 140

The Close

FEBRUARY 14, 2024

I compiled this list from years of experience with buyers and sellers and real estate stories from my mentees. However, I’ve seen it time and again: Sellers want to “hold out for a better offer.” You can help your seller by offering perspective—flip the situation and help your seller imagine themselves in the buyer’s shoes.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

Redfin

MARCH 10, 2021

However, there’s one big step many sellers overlook: a pre-listing home inspection. Typically sellers wait until a potential buyer makes an offer on their home, and then the buyer pays for an inspection. Check out these 6 benefits of a pre-listing home inspection. . Still not convinced?

Inspection 59

Inspection Inspection contingency Closing Sales 59

Redfin

OCTOBER 11, 2023

Whether you’re eyeing homes for sale in Reno’s picturesque neighborhoods or considering houses in Las Vegas’ bustling cityscape, a thorough Nevada home inspection needs to be on your homebuying to-do list. Why should you get a home inspection in Nevada?

Inspection 50

Inspection New Construction Construction As-is 50

HomeLight

JANUARY 3, 2023

Sellers who may have been wondering about how to sell a house by owner in Colorado during the hot seller’s market of 2021-2022 may now face stronger headwinds and more discerning buyers, according to top real estate agents surveyed by HomeLight. That 6% is deducted from the seller’s proceeds at closing. Quick FSBO overview.

Purchase and sale agreement 104

Purchase and sale agreement Inspection MLS Inspection contingency 104

HomeLight

JULY 30, 2021

When it comes to a standard rent-to-own agreement , it’s really up to the buyer and seller to decide the terms they want attached to the deal. Most agreements stipulate that the buyer will rent the house for anywhere between one and three years before purchasing it, and the sales price is usually set at the time of the agreement.

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

APRIL 28, 2023

What are sellers required to disclose in Texas? The seller’s knowledge of the condition of the property must be documented in the Texas Real Estate Commissions’ Seller’s Disclosure Notice Real estate transfer taxes? That 6% is deducted from the seller’s proceeds at closing. Is a real estate attorney required?

Purchase and sale agreement 82

Purchase and sale agreement Inspection Title Inspection contingency 82

HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Can FSBO sellers post a yard sign ? That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement 97

Purchase and sale agreement Inspection Title MLS 97

Toronto Realty Blog

MARCH 30, 2022

Did you enjoy the post about home inspections on Monday, or did you want to want to get political, yet again? Well, if you’ve ever bought pre-construction in the province of Ontario, you would have already experienced the government-mandated 10-day cooling-off period that affects such sales. TorontoRealtyBlog.

Purchase and sale agreement 74

Purchase and sale agreement Inspection Finance Construction 74

Realty Biz

NOVEMBER 11, 2020

When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close.

Backup offer 111

Backup offer Sales Home sale contingency Earnest money deposit 111

CT Homes

SEPTEMBER 29, 2022

There is value in arranging for a home appraisal as both the buyer and seller – understanding the home’s value can tremendously influence the selling price one way or another. the appraiser’s analysis of the home, and the appraiser’s overall judgment of the property they are inspecting. But what is a home appraisal, exactly?

Inspection 87

Inspection Equity Loans Lending 87

HomeLight

AUGUST 31, 2021

If you’re looking to buy a home in such a market, you need to understand how a cash offer on a house works and what makes such an offer appealing to sellers. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. Updated August 31, 2021.

Due diligence 82

Due diligence Inspection Pre-approval Pre-qualification 82

Realty Biz

JANUARY 13, 2024

Coverage of interviewing agents when making a purchase is less common. We will examine the key questions to ask a buyer's agent and the benefits of working with one. Do you primarily work with buyers or sellers? Many articles are written about how to interview a Realtor when selling a home. How do you handle negotiations?

Agents 111

Agents Land Pre-approval Finance 111

HomeLight

MARCH 31, 2022

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. 2022 , a 28.5% increase from the year.

Purchase and sale agreement 95

Purchase and sale agreement Inspection MLS Inspection contingency 95

CT Homes

FEBRUARY 23, 2021

The main benefit is that you won’t have to manage any major renovations on your own. Believe it or not, there’s another way you can reap all the benefits of a flipped home, without any of the cons. Consider pre-purchasing a flipped home. Why You Should Consider Pre-Purchasing A Flipped Home.

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

CT Homes

FEBRUARY 23, 2021

The main benefit is that you won’t have to manage any major renovations on your own. Believe it or not, there’s another way you can reap all the benefits of a flipped home, without any of the cons. Consider pre-purchasing a flipped home. Why You Should Consider Pre-Purchasing A Flipped Home.

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

CT Homes

FEBRUARY 23, 2021

The main benefit is that you won’t have to manage any major renovations on your own. Believe it or not, there’s another way you can reap all the benefits of a flipped home, without any of the cons. Consider pre-purchasing a flipped home. Why You Should Consider Pre-Purchasing A Flipped Home.

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

Real Trends

JANUARY 4, 2023

Many of those new agents reaped the benefits. This uptick in buyer searches may have contributed to a jump in the average number of (in-person or virtual) home tours, up from 15 in 2021 to 24 in 2022 and a 4% increase in the number of buyers who made 10 or more offers before purchasing their current home (27% to 31%). The good news?

Closing costs 81

Closing costs Inspection Title Agents 81

HomeLight

JUNE 16, 2023

That can mean adding a home sale contingency to their offer, which makes it weaker and less attractive to sellers, or finding temporary housing between transactions. Here is how the process works: Flyhomes puts buyers through a pre-underwriting process that gives them a budget they can use to make a cash offer on a home.

Home sale contingency 92

Home sale contingency Staging Loans Closing 92

Windemere Buying

FEBRUARY 24, 2021

To set yourself up for a smooth and successful home purchase , getting pre-approved is perhaps the most productive first step you can take. The Pre-Approval Process There is an important distinction to made between two important steps of your mortgage application process: pre-qualification and pre-approval.

Pre-approval 52

Pre-approval Pre-qualification Banks Loans 52

HomeLight

JUNE 28, 2021

Why do some offers have one price on the purchase agreement and another price on the escalation addendum? In competitive seller’s markets , some buyers will strengthen their offer with an escalation clause. But even in a strong seller’s market, mishandling offers with escalation clauses can backfire.

Earnest money deposit 74

Earnest money deposit Purchase and sale agreement Pre-approval Pre-qualification 74

HomeLight

JANUARY 3, 2022

Today, a seller can go to an iBuyer website and request a quick offer online. Each model works a bit differently, but iBuyers in general provide an alternative to the traditional listing process for sellers who value speed and convenience above all. Sellers then pick a move date, and can often close in as little as two weeks.

Agents 99

Agents Title Inspection Title search 99

Louisville Homes

NOVEMBER 5, 2020

Here in Louisville, buyers can still walk away after their inspections. The form we use is called a Seller’s Disclosure. Many real estate owners choose to sell their homes this way for several benefits. Adding costly repairs are taken out of a seller’s funds and treated as additional investments for the property.

As-is 98

As-is Renovation Inspection Staging 98

HomeLight

APRIL 15, 2022

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. An iBuyer is a deep-pocketed real estate technology company that uses digital tools to purchase homes directly from homeowners and close quickly. iBuyer offers got sweeter for sellers in a fiery housing market.

Title 90

Title House Flipping Title search Sales 90

HomeLight

JULY 12, 2022

Recent research by the real estate consulting firm 1000Watt showed that 55% of sellers polled thought house-buying company sales propositions are too good to be true. These buyers will provide an online quote to purchase your home—often sight-unseen. You may be curious about getting an online quote for the sale of your home.

Purchase and sale agreement 89

Purchase and sale agreement Investor Equity Closing 89

HomeLight

JUNE 29, 2021

A cash offer is an offer made by a homebuyer who wants to purchase a piece of residential real estate without borrowing money from a lender. This means that the buyer has the funds to purchase the home in full. As the seller, you reap multiple benefits by accepting a cash offer. Where do cash offers come from?

Inspection contingency 59

Inspection contingency Proof of funds Inspection Pre-approval 59

Lab Coat Agents

FEBRUARY 7, 2023

This blog post will outline some of the critical factors you need to consider when making such a necessary purchase. So, whether you’re just starting to think about buying a home or are already doing so, be sure to read on for some valuable tips. Size matters: Make sure to pick a home that is the right size for you.

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

The Close

APRIL 28, 2022

We’ll share our strategies to improve your offer by reducing the negative aspects of financing while creatively solving some of the other concerns a seller may have. Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized. We are not offering legal advice. Use a Cash Lender.

Rent back 105

Rent back Closing costs Finance Agents 105

Realtor.com

JANUARY 9, 2023

Yet Shirshikov’s real estate agent suggested an unusual workaround, which they decided to run by the seller. They were thrilled when the seller agreed. Many are exploring owner financing , also known as seller financing, an arrangement where the seller finances the purchase of their own property.

Finance 69

Finance Loans Mortgages Banks 69

Realtor.com

DECEMBER 5, 2022

To close sales, more sellers are dropping asking prices than at any point in the past few years. The portion of homes on the market with at least one markdown is now outpacing even pre-pandemic years. The portion of homes on the market with at least one markdown is now outpacing even pre-pandemic years. The Realtor.com®

Marketing 96

Marketing As-is Closing Sales 96

Redfin

MAY 26, 2021

Escrow starts with your purchase offer on a home and ends when you close on the house. This third party’s responsibility is to oversee the transfer of ownership from seller to buyer according to the terms of the contract of sale. . When you and the seller sign the contract, you put down a deposit. Why are escrow accounts used?

Purchase and sale agreement 76

Purchase and sale agreement Title Earnest money deposit Loans 76

Point2Homes

JULY 28, 2020

The first is during the purchase process and is typically referred to as escrow. Escrow During the Purchase Process. Upon arriving at a purchase agreement, the seller and buyer are generally required to select an escrow service or agent, a neutral third party who will act as a middle-man to keep both parties protected.

Purchase and sale agreement 57

Purchase and sale agreement Mortgage pre-approval letter Earnest money deposit Pre-approval 57