Realtor.com

JUNE 4, 2021

from a year earlier, and the number of homes for sale fell to record lows earlier this year. That scarcity has helped lift home prices to all-time highs and has started to slow down the pace of sales. Some sellers negotiate rent-back agreements, so they can stay in their home for a month or longer after selling while they house hunt.

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Purchase and sale agreement Marketing Rent back Principal 90

HomeLight

MAY 5, 2022

Depending on the sellers’ willingness to be reasonable and how urgently you need to move in, you’ll either need to work out an agreement or engage the help of an attorney if the situation escalates. We’ve got solutions and options for the specific scenario you face, whether it’s: You need to negotiate a rent-back. What to do?

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HomeLight

APRIL 29, 2021

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey. Vinyl windows: 72%.

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HomeLight

APRIL 28, 2022

To cut down on your moving bill, sort through items you want to take with you and make a plan for the rest, for example: Rent a dumpster for discarding large items. Hold a garage sale. Rent-back agreement. Donate clothing and home goods to charities. Give stuff away to friends and family. Packing tips.

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Purchase and sale agreement Rent back As-is Agents 109

Redfin

MAY 7, 2021

In a seller’s market, you may be tempted to put an offer on a home that’s contingent on the sale of your current home. You can also consider requesting a rent-back agreement from potential homebuyers. But it’s important to talk to a lender first to make sure that renting your home is an option.

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Purchase and sale agreement Marketing Equity Loans 78

Redfin

JULY 28, 2020

The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. The appraisal contingency allows the buyer to cancel a deal or renegotiate the price if the appraisal comes back lower than a specified amount.

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Redfin

FEBRUARY 2, 2021

A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. If you pay in cash the sale can also happen quickly and, overall, lead to a smoother home sale. What is a Seller’s Market? However, even if the U.S. 5) Put More Earnest Money Down.

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 64

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 87

Redfin

JULY 30, 2020

I never would have chosen to buy a house this way, but I’d rather take a risk with my home purchase than take a risk with my family’s health,” Sanchez said. “I Fortunately, the inspection contingency enabled her to back out of the purchase. Intensifying competition is also contributing to the uptick in sight-unseen offers.

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 72

HomeLight

OCTOBER 1, 2020

If the appraiser only looked at sold listings while there are pending sales that might be more comparable to your would-be property, that’s something else that can affect a home’s appraised value. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal. Be prepared to walk away.

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Purchase and sale agreement Short sale Rent back Sales 82

First Team Real Estate

MAY 21, 2021

According to recent data from NAR , home sales are receiving an average of 4 offers, and our FirstTeam agents regularly see bidding wars that capture upwards of 20 offers! Offer to Rent Back to the Sellers. When purchasing your home with a mortgage, your first payment isn’t actually due until a month after you close escrow.

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Purchase and sale agreement Rent back Marketing Agents 98

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Need a quick sale? But no one wants to be taken advantage of, conned, or ripped off. “We

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Purchase and sale agreement Investor Agents Sales 106

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Coordinate with the closing attorney and seller’s agent to finalize the sale. … An agent is your advocate. And lots more!

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HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. If you purchased the home recently, such as a year or two ago, it’s possible you haven’t built up much equity yet. Look-back: You did not exclude the gain from the sale of another house within two years from the sale of this house.

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Purchase and sale agreement Equity Agents Staging 110

HomeLight

SEPTEMBER 11, 2020

The seller will either accept your offer (in which case it becomes your purchase agreement ), or will counter your offer (you can accept or counter again), or the seller could also flatly decline. No sales contingency? Make sure your agent stresses that your offer doesn’t contain a sales contingency.

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 78

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MAY 24, 2021

Home sales have skyrocketed, and home inventory is historically low. Ask your agent specifically about list-to-sales-price for those comps — how much the house was listed for and how much it actually sold for in the end. Remember, if you’re financing the purchase, you might not be able to eliminate some contingencies.

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Pre-qualification Pre-approval Purchase and sale agreement Loans 102

HomeLight

JANUARY 28, 2021

Purchase demand: Will you find a buyer? Purchase demand has reached an all-time high. As first timers enter the market, they don’t unlock any inventory when they make a purchase. This has only contributed to the supply and demand imbalance, and driven up purchase demand even higher. Any kind of dedicated outdoor space.

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As-is Purchase and sale agreement Agents Equity 102

Realty Biz

MAY 16, 2022

With so few homes for sale, buyers are fighting over each property that hits the market. When a buyer doesn’t want to be on the hook for a significant disparity between the purchase price and appraised value, they can offer an appraisal gap clause instead. Give The Seller Their Closing and Agree to a Rent Back if Needed.

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Earnest money deposit Purchase and sale agreement Rent back Inspection 98