Lighter Side of Real Estate

MARCH 5, 2025

Contract Cancellations Are on the Rise According to recent data , more home sales are being canceled than in previous years. of all pending sales that month. Meanwhile, pending home sales have dropped. Before signing a contract, consider: The buyers financial qualifications. Thats up from 13.4% The buyers demeanor.

Purchase and sale agreement

Redfin

JULY 30, 2025

Get pre-approved for a mortgage and have cash ready One of the biggest signals to sellers that you’re serious is a mortgage pre-approval letter. This is more than just pre-qualification: It shows a lender has already vetted your finances. Why pre-approval matters: It gives sellers confidence in your ability to close.

Earnest money deposit

Redfin

JUNE 13, 2025

Coordinating the sale of your current home with the purchase of your next requires precise timing. In a seller’s market : Demand from buyers exceeds the number of homes for sale. Strategies to protect your finances Include a home sale contingency: This lets you move forward with buying a new home only if your current one sells.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

Begin by confirming your loan approval and securing a complete and documented pre-approval from your lender. Choosing the right buyer: Sellers should carefully assess the qualifications and credibility of each buyer to ensure a smooth transaction. This includes considering financial stability, loan pre-approval, and contingencies.

Earnest money deposit

The Mortgage Report

JULY 1, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? of mortgaged home sales in April, up from 14.2% of mortgaged home sales, their highest April level marked since 2020. How Much Home Can I Afford? VA home loans rose to 7.2%

Loans

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. Recent sales, market trends, and the home’s condition should all contribute to your offer. Making the deal 17.

Purchase and sale agreement

Redfin

JULY 9, 2025

Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? How long does it take to get pre-approved for a mortgage?

Pre-approval

The Close

APRIL 8, 2025

month Visit Lone Wolf IDX integrations and custom market report generation $99/month Visit Agent Image ISA team support for pre-qualification of leads $399/month Visit Offrs AI-powered virtual staging $19.99/month, Examples include mortgage calculators, home valuation tools, maps, property alerts, and contact forms. Let us know!

Staging

Rochester Real Estate

NOVEMBER 5, 2015

For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? For example, many people believe that a pre-approval and pre-qualification are the same thing.

Finance

Housing Wire

MAY 8, 2025

Recruiting tactics According to the company’s announcement, Aperture Global is launching with commitments from more than 100 top brokers who represent $1 billion in annual sales. As LPT looks to the future with Aperture Global, executives feel the luxury brand is poised for success.

Branding

Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

Pre-qualification

Housing Wire

MAY 14, 2024

The company said it will be using generative artificial intelligence (AI) and machine learning technologies to provide customers with personalized recommendations, credit management solutions, budgeting assistance and loan qualification tools. million in pre-seed funding in 2016.

Pre-qualification

Housing Wire

FEBRUARY 24, 2021

Home sales and refinancing have seen large year-over-year increases in an environment where people have not been congregating face-to-face. The loan pre-qualification step is an area that almost all parties need for a successful outcome (consumers, real estate agents, loan officers, insurance agents).

Pre-qualification

Housing Wire

JULY 30, 2021

Josh Lehr: Pre-pandemic, online home buying existed, but over the last year, shopping online for mortgages became much more popular and convenient as meeting in person with a loan officer was not an option. HousingWire: How have trends around direct-to-consumer lending changed over the past year?

Pre-qualification

Housing Wire

NOVEMBER 28, 2022

In its pre-sale report, KBRA noted that the average borrower’s FICO score was “moderately strong” at 740, with the current average loan-to-value ratio at 68.4% DSCR) have historically exhibited higher delinquency and default risk relative to loans underwritten using traditional income qualification (i.e.,

Pre-qualification

Housing Wire

OCTOBER 5, 2021

According to the National Association of Realtors’ existing home sales report in August, inventory was down 13.4% So far, the startup has raised nearly $700,000 from a variety of undisclosed “seasoned real estate and technology investors” and they are currently considering investors for their $3 million “pre-seed” fundraising round.

Agents

Housing Wire

DECEMBER 28, 2023

I’ve got several pre-approvals out there where people just can’t find what they want and the rates are throwing them off,” Don Monson, branch manager at Sente Mortgage , said of the challenges he faced in 2023. We want to make sure we know what our payments are going to be,” said Jared Sawyer, a sales manager at loanDepot.

Loans

Housing Wire

OCTOBER 22, 2023

1] 180 Classroom hours are required before you become licensed in Texas Texas real estate license: Requirements checklist According to the Texas Real Estate Commision (TREC), a sales agent is a person who is licensed by the Real Estate Commission to act as an agent on behalf of a real estate broker and their clients. How much exactly?

Pre-approval

Housing Wire

JUNE 1, 2022

recovers from the pandemic and routines normalize, the preference for digital solutions shows no signs of reverting to pre-pandemic times. A digital-first borrowing experience provides consumers with a level of convenience not available in the pre-pandemic mortgage landscape. Even as the U.S. Emphasizing speed and digitization.

Pre-qualification

Housing Wire

OCTOBER 6, 2020

Almost all of the lender’s technology investment over the past few years has been focused on the Point of Sale (POS). Rocket Mortgage may offer its prospects an easy button, but a very low percentage its borrowers actually meet the qualifications to complete the process in a fully digital manner.

Technology

Housing Wire

MAY 25, 2022

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? When it comes to business growth this year and beyond, industry experts agree that 2022 is the year of the non-qualified mortgage (non-QM) loan.

Debt-to-income ratio

Housing Wire

MARCH 26, 2025

Youll need to complete 60 hours of pre-licensing education to be eligible to sit for the real estate exam. This flexible learning format ensures that students complete their pre-licensing requirements with the confidence they need to sit for the state and national exams.

Pre-approval

Housing Wire

DECEMBER 29, 2023

RealEstateU often offers sale pricing on their packages, so you aren’t paying extra for what you need. An exam proctor is not required to complete your pre licensing final exam by the state of California. Final Exam: Online final course exam. It’s why we work to earn it by sharing exactly how we rate the schools on our list.

Pre-approval

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. Short sales are rarer in the housing market nowadays.

Short sale

HomeLight

FEBRUARY 16, 2024

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer. Get Started 1.

Pre-qualification

HomeLight

OCTOBER 22, 2021

You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. What’s the difference between pre-qualified and pre-approved ? Source: (Joshua Hoehne / Unsplash). What is a home affordability calculator?

Pre-qualification

Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. Still other buyers might also be home sellers who first need to close on the sale of their old house before they can buy their next house. Step 1: Get pre-approved for a mortgage. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

Pre-approval

Housing Wire

NOVEMBER 17, 2023

And you’ll often find yourself in luck, because Colibri Real Estate regularly offers sale pricing on their packages. To get your real estate license in Colorado, follow these straightforward steps: Complete 168 hours of pre-licensing education from a state-approved real estate school. 4] How do I get my real estate license in Colorado?

Pre-approval

Realty Biz

MARCH 17, 2021

Know what must happen in order to close, or you won’t make the sale. Explain the difference between pre-qualified and pre-approved. Too many people get a pre-qualification letter from their bank and think that this means they can close on the property. Help them get pre-approved for a mortgage.

Pre-approval

CT Homes

AUGUST 31, 2020

There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Financing Issues.

Earnest money deposit

Housing Wire

DECEMBER 29, 2023

Pricing The CE Shop’s New York course options start with the 77-hour NY Sales prelicensing Course Only Package for a discounted price of $255. The 77-hour NY Sales prelicensing Value Package and Premium Package both include the Business Building Courses, with prices ranging from $439 to $735. out of 5 stars Rating: 4.5

Pre-approval

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

RIS Media

JANUARY 19, 2021

Before you start looking for your next home, you should get pre-approved for a mortgage. You don’t necessarily have to borrow money to buy a home from the same lender that pre-approved you. What is Pre-approval and Why is It Important? Pre-approval and pre-qualification are not the same thing.

Pre-qualification

HomeLight

SEPTEMBER 15, 2022

Once you’ve made the decision to sell your house, you likely have two main goals: to complete the sale as quickly as possible and to hit that magic number when it comes to price. Greater competition among buyers, which can lead to a sale price higher than market value. Step 4: Determine the qualification process for bidders.

Pre-qualification

HomeLight

FEBRUARY 12, 2021

As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. Defective paint surfaces in homes constructed pre-1978. A low appraisal is more likely to jeopardize the sale. Foundation damage.

FHA loan

HomeLight

MAY 24, 2021

Home sales have skyrocketed, and home inventory is historically low. A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Perfect match, right?

Pre-qualification

HomeLight

MAY 2, 2022

This week on The Walkthrough , Barrett Spray introduces you to his team’s “pre-listing box” and their tag-team approach to meeting new sellers. Lots of agents have a pre-listing package, and it’s a file or a folder of some sort that says, you know, this is who we are and this is what we do. Very little.

Pre-qualification