Keeping Current Matters

JUNE 21, 2021

According to the Realtors Confidence Index from the National Association of Realtors (NAR), the average home is on the market for just 17 days – that means from start to finish, a house for sale in today’s climate is active for roughly 2.5 A skilled agent will do everything they can to help you stay on top of every possible opportunity.

Inspection contingency 268

Inspection contingency Pre-approval Inspection Rent back 268

Housing Wire

AUGUST 10, 2023

The number of first-look auction sales nearly doubled in the fourth quarter compared to the third quarter and has increased in every successive quarter since, representing 11.5% I rented back to the previous owner, and they are still the tenant. of all properties available for the first-look auctions during the quarter.

Renovation 370

Renovation Development Rent back Principal 370

HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

Rent back 101

Rent back Purchase and sale agreement Closing Renovation 101

Realty Biz

MAY 1, 2022

To make an informed decision, it’s important to understand the following: 1) What is the inventory of houses for sale? With bidding wars, it increases the odds the bank appraisal will come in less than the sales price. Let The Seller Rent Back The House. 2) How low is the demand for houses? Final Thoughts.

Purchase and sale agreement 145

Purchase and sale agreement Rent back Pre-approval Inspection 145

HomeLight

MAY 5, 2022

We’ve got solutions and options for the specific scenario you face, whether it’s: You need to negotiate a rent-back. Scenario 1: The seller asks for a rent-back in the contract. There are a number of reasons why a seller could request a rent-back deal. Martin has done three rent-back deals in the past year.

Rent back 107

Rent back Closing Purchase and sale agreement Agents 107

First Team Real Estate

MAY 25, 2021

Looking at sales and prices for April 2021, both rose in all counties across Southern California: Los Angeles County. Sales: Up 101%. Sales: Up 97.9%. Sales Up 80.8%. Sales: Up 66.9%. Sales: Up 74.1%. Median Price: Up 19% to $750,000. Orange County. Median Price: Up 15.6% to $872,500. Riverside County.

Rent back 98

Rent back Closing costs Sales Mortgages 98

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.

Purchase and sale agreement 90

Purchase and sale agreement Marketing Rent back Principal 90

Windemere Selling

SEPTEMBER 1, 2021

On the other hand, it creates a gap of residence, often leaving homeowners wondering where they’ll stay until they move into their new home or whether they may need to rent before they can buy again. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in.

Purchase and sale agreement 52

Purchase and sale agreement Rent back Loans Agents 52

The Close

APRIL 28, 2022

Instead of offering $440,000 and waiting through the weekend, structure the offer so the sales price is $420,000, but if the seller accepts the offer within the next four hours, the sales price will be $440,000. Bidding wars are causing sales prices to rise far beyond what we as agents or appraisers can realistically justify.

Rent back 105

Rent back Closing costs Finance Agents 105

Realtor.com

DECEMBER 10, 2020

But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In In this market, trying to negotiate a sales price probably won’t get you far.”. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale. Closing costs.

Closing costs 142

Closing costs Inspection Closing Rent back 142

Realty Biz

MARCH 5, 2021

The supply of existing homes for sale is at a record low of just 1.9 In addition, sellers may try to negotiate a rent-back agreement with the buyer to give them more time to shop for a home. months, far below the six-month supply that experts consider to be a healthy balance between buyers and sellers.

Equity 113

Equity Rent back Agents Loans 113

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. Landscaping: 100 %.

Purchase and sale agreement 96

Purchase and sale agreement Pre-approval Inspection Inspection contingency 96

RIS Media

APRIL 18, 2022

Look at recent sale prices, as well as neighborhood trends. Allowing the seller to rent back for a specified amount of time. There’s no guarantee that the property you like will be available when you’re ready to make an offer. All real estate is local, after all. Buyers are waiving a home inspection.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

RIS Media

JULY 8, 2021

For best results, host a training class or have a sales meeting discussion to review the following six buyer strategies designed to provide the highest value and achieve their buyer’s objectives for purchasing a home: Over-communicate how to compete as a buyer in today’s market. Be relentless and resourceful.

Marketing 105

Marketing MLS Agents Rent back 105

HomeLight

APRIL 27, 2022

You’ll get the estimated value of your home, the relevant parts of a comparative market analysis, a list of top local real estate agents, and an estimate on a cash offer through HomeLight’s Simple Sale platform. The best way to ensure that you’re setting the best price for your house sale is to work with a top agent.

Renovation 100

Renovation Agents Sales Rent back 100

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. If you’ve found a buyer and you need extra time to move out, consider negotiating a seller rent-back agreement.

Purchase and sale agreement 109

Purchase and sale agreement Rent back As-is Agents 109

Redfin

MAY 27, 2021

We offered over the list price, added lucky numbers in the offer amount, appraisal gap, waived the home inspection, offered free rent back to the sellers, and more,” said Denver Redfin agent Hunter Owens. Offering a rent-back agreement could sweeten the deal. “My They also offered to beat out other offers by $50,000.

Agents 64

Agents Rent back Inspection Closing 64

Real Trends

MARCH 3, 2022

If you have clients that are thinking about offering, keep in mind that the offers we have already received are well above list price, have waived inspection and appraisal, and are willing to honor the Seller’s request of a free 60-day rent-back.”

Agents 103

Agents Due diligence Inspection Rent back 103

Real Trends

JULY 15, 2022

The situation in today’s housing market is consistent with that of the previous two years: a lower inventory of houses available for sale than the demand. That said, although houses are still selling, sales have definitely cooled in some areas. Outside forces can have a huge impact on housing sales. Expect the unexpected.

Loan Officer 52

Loan Officer Agents Rent back Finance 52

The Close

FEBRUARY 6, 2024

So, my broker coached her clients, the buyers, to keep their backyard renovations to themselves so as not to spook the sellers from completing the sale. Had the sellers known that the buyers intended to remove all the foliage and install a playground, they may not have gone through with the home sale.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

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. A rent-back agreement means that the homebuyer purchases your home and you rent it from them for a specified period of time.

Purchase and sale agreement 78

Purchase and sale agreement Marketing Equity Loans 78

HomeLight

APRIL 29, 2021

An ample supply (lots of homes for sale) and limited demand (fewer buyers) leads to a buyer’s market. Conversely, lack of supply (fewer homes for sale) and abundant demand (lots of buyers) results in a seller’s market. It can affect: How you prepare your home for sale. Too few resale homes for sale. Home prices rise.

Marketing 109

Marketing Sales Agents Construction 109

Realtor.com

JANUARY 6, 2021

. “However, most prenup terms well exceed the final settlement in order to get a signoff on the divorce, and the properties are divvied up to avoid the appearance of a fire sale,” she says. Wyoming ranch: West. Kimye’s ranch sits on 9,000 acres near Cody, WY. realtor.com.

Land 105

Land Rent back Design Renovation 105

Realty Biz

JULY 7, 2021

Contingencies are specific conditions that must be met before the sale can be completed. Offer to rent back to the seller. Minimal or no contingency clauses. For example, a contingency could be that the house value must meet or exceed your offered price when appraised. It’s not always the highest price that is accepted.

Inspection contingency 88

Inspection contingency Marketing Inspection Rent back 88

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.

Home sale contingency 93

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 93

HomeLight

APRIL 17, 2024

Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. But their differences could make a difference in the success — and profits — of your home sale depending on your selling and moving objectives. When you sell, they deduct the costs from your sale proceeds.

Seller concession 99

Seller concession Inspection Rent back Closing 99

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.

Pre-approval 64

Pre-approval Purchase and sale agreement Marketing Inspection contingency 64

HomeLight

SEPTEMBER 30, 2020

As excited as you are about the prospect of a successful sale, you’re hesitant to sign a contract without knowing you’ll have somewhere to go. On the flip side, the U&O can allow the seller to remain in the home for a certain amount of time after closing (also known as a “rent-back” agreement).

Purchase and sale agreement 55

Purchase and sale agreement Closing Rent back Investor 55

Redfin

JULY 28, 2020

Active listings—the count of all homes that were for sale at any time during a given month— dropped 20.7% Record-low mortgage rates, which fell below 3% for the first time in history this month, are driving strong homebuyer demand amid a severe shortage of homes on the market. year over year in June, the 10th-straight month of declines. “

Inspection contingency 59

Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

HomeLight

AUGUST 31, 2021

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. Additionally, buyers who are backed by a cash-purchase product can present a very attractive cash offer on a home they love. Updated August 31, 2021. Source: (Mike / Pexels.com).

Due diligence 79

Due diligence Inspection Pre-approval Pre-qualification 79

HomeLight

JUNE 30, 2021

This is why many buyers make offers on their new home that include a sales contingency. With a sales contingency in your offer, you won’t have to close on your new home unless you’ve sold your old home. But a sales contingency could also make it harder to get an offer accepted. Source: (LinkedIn Sales Solutions / Unsplash).

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

Redfin

JULY 30, 2020

More than half of Redfin offers faced bidding wars last month as the number of homes for sale continued to shrink and mortgage rates dropped to a record low, making it all the more advantageous for house hunters to get their offers in ASAP—sometimes before seeing the home in person. .

Inspection contingency 72

Inspection contingency Purchase and sale agreement Pre-approval Inspection 72

HomeLight

APRIL 19, 2021

to as high as 6% of the sale price, so be sure to leave room in your budget for your attorney and real estate agent, as well as for filing fees and other required deposits. Studio apartments with an alcove for more space start at $650,000 in co-ops compared to $860,000 in condos. million in condos. Closing costs can range from 2.5%

Earnest money deposit 63

Earnest money deposit Due diligence Inspection Agents 63

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. Do they need to do a rent-back on the house, or do they want a quick close? Whether or not you get your earnest deposit money back if you decide to back out of the sale depends on the contract.

Closing 95

Closing Earnest money deposit Sales Inspection 95

HomeLight

JULY 29, 2022

Our Home Value Estimator 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. Financing is simple: You can use the cash from your sale as a sizeable down payment. Transition via rent back. Get Estimate.

Debt-to-income ratio 109

Debt-to-income ratio Loans Rent back Equity 109

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.

Purchase and sale agreement 89

Purchase and sale agreement Short sale Rent back Sales 89

HomeLight

JANUARY 7, 2022

So, instead of stressing your way through two sales, you can set yourself up for success and have your bags packed for your new home in no time. They’ll also introduce you to options, such as a bridge loan or home equity line of credit, to assist in your sale if needed. Do you have a limited amount of time to complete both sales?

Equity 104

Equity Loans Debt-to-income ratio Closing 104