Realty Biz

SEPTEMBER 23, 2023

When choosing a buyer's agent, consider factors like experience and qualifications. Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure.

Purchase and sale agreement

HomeLight

DECEMBER 15, 2021

We’ve heard the stories about people who managed to make an offer on a house before it officially went up for sale, beating out all the other would-be buyers and scoring the home of their dreams. Most importantly, how can your real estate agent help you facilitate buying a house before it’s listed for sale? Investors with tenants.

MLS

HomeLight

AUGUST 31, 2021

We talked to agents, builders, and other top industry experts to develop this guide that’ll help you make the most out of working with an agent on your new-home purchase and to find out what they can do for you. They’ll be able to tell you if you’re getting ripped off on the sale price or if a builder overcharges you on granite countertops.

Agents

Realty Biz

JANUARY 12, 2021

It’s about working with a professional agent to narrow your search and help you navigate through the purchase process. It also requires qualifying for a bank loan based on passing a set of rigid qualification standards. It means proving you are pre-qualified for a loan before you know what house you might buy.

Purchase and sale agreement

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey 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).

Purchase and sale agreement

Redfin

AUGUST 29, 2024

You will also need to save money to put toward closing costs , about 2-5% of the purchase price. These loans are typically issued for more expensive homes and come with stricter qualification requirements. Get pre-approved As you’re researching how to buy a house, you will want to get a mortgage pre-approval.

Earnest money deposit

Redfin

MAY 24, 2022

Or, maybe you’re listing your home for sale in Anchorage, AK , you most likely want top dollar for your property. Before you contact the nearest agent from a Google search, know how to choose a top real estate agent before you sign an agreement. You don’t need to work with a sales dynamo.

Agents

HomeLight

AUGUST 16, 2021

Source: (LinkedIn Sales Solutions / Unsplash). Mark Moskowitz is a top-selling agent in the Agoura Hills area of Los Angeles, where he completes 17% more sales than the average agent. Preapproval — an actual conditional loan approval — beats pre-qualification, which is more of an estimate. Step 1: Make sure you qualify.

Loans

BAM Media

JULY 2, 2024

It’s an acronym that provides a framework for conversations around buyer qualification. But you’re more likely to be chosen as their listing agent when you’ve done a great job on the purchase side. I’m not a big fan of asking, “ Hey, are you pre-approved ? They’re able to purchase a home.

Pre-approval

The Close

AUGUST 15, 2023

These services are going to be different from referral agreements you might make with other agents. Comparing the Top 7 Companies Best For Referral Fee Pros Cons Qualifications Needed Clever : Experienced agents seeking seller leads > $350k: 1.5% If the home sales value is more than $350,000, the agent will pay 1.5%

Closing

Toronto Realty Blog

MARCH 25, 2022

The group also wants first-time homebuyers to have access to mortgage terms of up to 30 years for insured mortgages and recommended making mortgage qualification stress tests consistent for both insured and uninsured mortgages, setting the stress test level to two percentage points above the contract rate. “To March 24, 2022.

Purchase and sale agreement

HomeLight

DECEMBER 30, 2021

Taking on a mortgage is no casual agreement — which is why the loan qualification process is so stringent — but you’ll nearly always have options. Homeowners who sell their home while still holding a mortgage will pay it off with the proceeds of the sale — even if they end up taking on a new loan with the purchase of another property.

Mortgages

Redfin

OCTOBER 23, 2023

Roof leaks, mold, and wood rot are common issues, detectable in a pre-purchase inspection. Asbestos inspection: “When purchasing a home in Portland, OR, with plans for pre-move-in remodeling, it’s imperative to consult a licensed asbestos building inspector,” advises Asbestos Testing Portland, Oregon. “As

Inspection

HomeLight

DECEMBER 6, 2021

Financing hoops: You may face additional scrutiny from the lender if your buyer will use a mortgage for their purchase. The following resources may also be of assistance in your family sale: Real estate agent: For a reduced commission rate, an experienced agent can help minimize challenges and coordinate the sale. Get Estimate.

Purchase and sale agreement

HomeLight

JUNE 28, 2021

Why do some offers have one price on the purchase agreement and another price on the escalation addendum? An offer your friend submits to escalate the purchase price doesn’t qualify. The buyer will generally specify a maximum purchase price. Back out of the agreement. You’re thrilled but also confused.

Earnest money deposit

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

Closing

HomeLight

AUGUST 16, 2021

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. Did you know there are multiple types of home loans, and they all have different qualifications and unique features that work for certain buyers? Buyers with strong credit and qualifications. Finalize the purchase contract.

Closing costs

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). “If you want to buy a house, you need to have money saved up,” says April Mason , an agent in Corpus Christi , Texas, who has completed 24% more sales than the average agent in her market. Pre-qualification is just an estimate of what size loan you might qualify for.

Pre-approval

HomeLight

APRIL 29, 2022

To join, agents also have to meet certain qualifications, like maintaining active licenses and showing no civil judgments against them in the previous seven years. Typically, sellers are required to disclose known material defects with their properties — particularly issues that may not show up on a pre-purchase inspection.

Agents

Toronto Realty Blog

DECEMBER 14, 2022

Tomlinson exposed multiple instances of bad practices in the Vancouver real estate market, including the now-infamous “assignment” of existing agreements, in this column: “The Real Estate Technique Fuelling Vancouver’s Housing Market”. October 19th, 2022, I wrote, “Should Tenants Be Pre Approved For Candidacy?”

Development

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

Purchase and sale agreement

Toronto Realty Blog

MAY 17, 2023

On Monday, I told a story about the worst experience of my career, which saw me lose a listing in the most brutal of ways: by watching a “FOR SALE” sign for another agent, hammered into the lawn as I stood there with a buyer, on the very morning that I was supposed to sign the listing paperwork. Was he stalking my client?

Purchase and sale agreement