The Close

FEBRUARY 6, 2024

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. Also, understand the difference between a prequalifying and a pre-approval letter.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

SEPTEMBER 30, 2021

If they are unwilling to budge on price, you can also renegotiate seller concessions. This strategy works if the seller has paid off their home in full and sees value in receiving regular monthly payments, which are essentially a passive income stream. MLS printouts of these comps with sales data and seller concessions.

Pre-approval 94

Pre-approval Seller concession Finance Banks 94

Windemere Buying

JUNE 22, 2022

Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer. Getting pre-approved early on helps to streamline this part of the closing process. The timeline for inspections during the closing process vary state to state.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

MARCH 23, 2022

If they have underwriting approval, versus just a preapproval, they’re a much stronger buyer than someone with just a preapproval letter. Once you’re preapproved, your offer on a home is more likely to be accepted because you’ve made it further in the mortgage approval process. Leslie Peterson. Real Estate Agent. Leslie Peterson.

Pre-approval 96

Pre-approval Marketing Inspection Finance 96

HomeLight

OCTOBER 20, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Austin. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Austin agents will tell you that a lower price is better than a seller concession.

Seller concession 89

Seller concession Purchase and sale agreement Closing costs Inspection 89

The Close

FEBRUARY 20, 2024

This means you’ve got a pre-approval in hand and that you understand the importance of being flexible. Guidance for Sellers in a Buyer’s Market For those sellers in a buyer’s market, you must be strategic about selling your home. We have six must-have real estate buyer’s agent checklists ready for you.

Marketing 93

Marketing Debt-to-income ratio MLS Pre-approval 93

HomeLight

NOVEMBER 7, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Houston. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Houston agents will tell you that a lower price is better than a seller concession.

Seller concession 81

Seller concession Purchase and sale agreement Closing costs Inspection 81

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Delayed approvals from Homeowners Associations. Clouds on the title.

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

MAY 25, 2023

Not having agent representation could also lead to paying more in seller concessions. Sellers should also keep in mind that while buyers can often get pre-approved for a mortgage at the click of a button on a website, they may not have submitted the documentation to guarantee that approval.

MLS 85

MLS Pre-approval Agents Sales 85

HomeLight

MARCH 19, 2022

Few (or zero) repair requests, contingencies , or seller concessions. The buyer’s financial health (mortgage pre-approval, down payment size, etc.). Often, sellers are so comfortable living in their homes that they’re blind to its live-in condition. An all-cash offer. Source: (Anouk Doe / Pexels).

Closing 93

Closing Due diligence Agents Staging 93

HomeLight

OCTOBER 11, 2022

Not having agent representation could also lead to paying more in seller concessions. To protect your home, yourself, and your family, have a pre-approval process that includes: Requiring the buyer’s identification. Requiring the buyer’s pre-approval letter or proof of funds. We get attacked.

MLS 99

MLS Purchase and sale agreement Pre-approval Agents 99

HomeLight

FEBRUARY 8, 2023

Seller concessions: Depending on whether issues are found during the home inspection process, the seller may have to come up with funds at closing to cover any necessary repairs. It may be worthwhile to get a pre-listing inspection to rule out any major issues.

Purchase and sale agreement 84

Purchase and sale agreement Inspection Investor Agents 84

HomeLight

MAY 28, 2021

While deals and seller concessions may be tough to come by, there are a few things you can do to make a competitive offer. Increasing your down payment , upping the earnest money , and obtaining pre-approval from a local lender can also improve your offer.

Inspection 65

Inspection Seller concession Pre-approval Agents 65

HomeLight

OCTOBER 1, 2022

Not having agent representation could also lead to paying more in seller concessions. But that said, he urges FSBO sellers to ensure that prospective buyers have pre-approval and proof of funds. He says asking for pre-approval letters is key. Marketing your home is time-consuming.

MLS 93

MLS Pre-approval Agents Sales 93

HomeLight

DECEMBER 6, 2022

Not having agent representation could also lead to paying more in seller concessions. Murphy says some New Jersey towns offer full-day pre-K. She cautions that buyers can get a pre-approval letter online that’s not worth the paper it’s written on. Marketing your home is time-consuming. List your home online.

Purchase and sale agreement 79

Purchase and sale agreement MLS Pre-approval Agents 79

HomeLight

NOVEMBER 10, 2022

Not having agent representation could also lead to paying more in seller concessions. FSBO sellers tend to be easier on themselves when it comes to preparing a home for sale, Genyk believes. Lalez suggests getting a pre-listing inspection. I check the buyer’s pre-approval by calling the lender.

Purchase and sale agreement 86

Purchase and sale agreement MLS Agents Pre-approval 86

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Buyers may get pre-approved for a mortgage at the click of a button on a website, but might not have submitted the documentation. Have the pre-inspection done so that you can be ahead of any potential issues,” Richter suggests.

Purchase and sale agreement 77

Purchase and sale agreement MLS Pre-approval Agents 77

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. You’ll still have selling costs, which may include transfer taxes and settlement fees. See the next step!)

MLS 69

MLS Agents Sales Proof of funds 69

HomeLight

NOVEMBER 14, 2022

Not having agent representation could also lead to paying more in seller concessions. Savvy” New York homeowners, according to Lajara, will also pre-screen buyers before showings to avoid tire-kickers or people whose needs simply won’t be met by the home. If so, how much are they pre-approved for?

Purchase and sale agreement 80

Purchase and sale agreement MLS Agents Pre-approval 80

HomeLight

SEPTEMBER 30, 2022

Not having agent representation could also lead to paying more in seller concessions. Invest in an appraisal or pre-inspection. In Wisconsin, however, Brunette says that FSBO sellers ordering their own appraisals is not currently a common practice. Marketing your home is time-consuming. Require everything in writing.

Purchase and sale agreement 80

Purchase and sale agreement MLS Agents Inspection 80

HomeLight

APRIL 29, 2022

If you list on Opendoor, they generally estimate a 5% service charge, 1% closing costs, and 0%-2% seller concession costs. Home Loans: You can use this service to get a free consultation with a home loan specialist, pre-approval for financing, and close on a home without hassle. Other services provided by Opendoor.

Agents 90

Agents MLS Closing Home sale contingency 90

HomeLight

MARCH 13, 2022

Not having agent representation could also lead to paying more in seller concessions. Before signing anything, here are key considerations: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Source: (Spacejoy / Unsplash). See the next step!).

MLS 96

MLS Agents Mortgage pre-approval letter Sales 96

HomeLight

DECEMBER 6, 2022

Not having agent representation could also lead to paying more in seller concessions. However, a pre-listing inspection can turn up issues of which you’re unaware, saving you time and money by handling any necessary repairs before a buyer enters the mix. Marketing your home is time-consuming. Require everything in writing.

MLS 85

MLS Agents Sales Inspection 85

HomeLight

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Maryland home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 73

MLS Agents Mortgage pre-approval letter Sales 73

HomeLight

OCTOBER 20, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Indiana home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Don’t discriminate. Be ethical.”.

MLS 84

MLS Agents Mortgage pre-approval letter Sales 84

HomeLight

APRIL 27, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Utah home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 82

MLS Agents Sales Mortgage pre-approval letter 82

HomeLight

DECEMBER 8, 2022

Not having agent representation could also lead to paying more in seller concessions. I actually provide all my sellers what lenders require,” so they can check for items such as chipped paint, faulty plumbing, and so on, Wood says. Marketing your home is time-consuming. This gives them time to handle minor repairs.

MLS 87

MLS Agents Sales Closing 87

HomeLight

OCTOBER 14, 2022

Not having agent representation could also lead to paying more in seller concessions. An attorney can help sellers put the contract together and educate you on how to handle everything correctly.”. They haven’t been pre-qualified and you don’t know if they’re legit buyers.”. Marketing your home is time-consuming.

Purchase and sale agreement 89

Purchase and sale agreement MLS Seller disclosure Agents 89

HomeLight

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Mississippi home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 75

MLS Agents Sales Mortgage pre-approval letter 75

HomeLight

NOVEMBER 23, 2022

Not having agent representation could also lead to paying more in seller concessions. So keep in mind that your own appraisal is not a guarantee of how much a buyer will pay, nor how much a bank will approve. Marketing your home is time-consuming. It’s just an opinion backed by their facts.” Make sense of the research.

MLS 83

MLS Agents Sales Closing 83

HomeLight

OCTOBER 11, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Michigan home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

Purchase and sale agreement 87

Purchase and sale agreement MLS Agents Sales 87

HomeLight

APRIL 13, 2023

Not having agent representation could also lead to paying more in seller concessions. He also says sellers should beware of anyone who wants an “owner carry” where the seller actually holds the mortgage. Marketing your home is time-consuming. Require everything in writing. Remember, you can counter-offer and negotiate.

MLS 86

MLS Agents Sales Mortgage pre-approval letter 86

HomeLight

APRIL 27, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Kentucky home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 67

MLS Agents Sales Mortgage pre-approval letter 67

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Louisiana home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 86

MLS Agents Sales Land 86

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Nebraska home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 85

MLS Agents Sales Mortgage pre-approval letter 85

HomeLight

DECEMBER 13, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Virginia home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

Purchase and sale agreement 86

Purchase and sale agreement MLS Agents Sales 86

HomeLight

OCTOBER 14, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Illinois home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 74

MLS Agents Sales Mortgage pre-approval letter 74