HomeLight

OCTOBER 30, 2020

All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close.

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HomeLight

JULY 31, 2022

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. You’ve decided it’s time to buy a house ! Find a lender you can trust. Find a home.

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HomeLight

DECEMBER 30, 2023

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. Sellers are often wary of this clause. Can I make an offer on an ‘under contract’ home?

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HomeLight

SEPTEMBER 9, 2020

The share of all-cash home buyers has declined since 2014 because, “money is cheap right now with low interest rates, so some people who could buy in cash opt to buy with a mortgage,” says Sherry Ludecker , a top-rated real estate agent in Johnson City, Tennessee. Choose a settlement agent. Get an inspection. Find your house.

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The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. Real estate agents can save time by listing the home immediately. Plus, buyers can score some good deals by buying a distressed or as-is property.

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The Close

SEPTEMBER 19, 2024

By mastering these techniques and learning from real estate counteroffer examples, agents can ensure that buyers and sellers achieve mutually beneficial agreements. As a real estate agent, your role in guiding clients on counteroffers is crucial. Dear [Buyer's Agent], Thank you for your offer on [Property Address].

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HomeLight

MARCH 31, 2021

A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Buyers appreciate seller credits since these essentially discount their closing costs which are typically between 2% and 5% of the home’s purchase price. Scenario 4: Lump closing costs into the buyer’s mortgage.

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Realty Biz

SEPTEMBER 2, 2021

Since selling your home can be a lengthy process that involves choosing an agent, estimating costs, preparing your home , setting the price, and finally finding the right buyer, the consequences of a mistake along the way can have wide-ranging implications. . Choosing the Wrong Agent. Most agents’ commission is negotiable.

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Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Home Sale Contingency.

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Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. You are certainly not alone. In some areas of the U.S.,

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HomeLight

MARCH 2, 2022

You’ve done the work to get your home ready to sell — repainted rooms a neutral color and taken care of minor repairs, hired a great real estate agent , staged it to perfection , kept it clean for open houses and home tours — and now you’ve accepted an offer. Up next: The home inspection. Video Credit: Corinne Rivera / HomeLight).

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HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. We tapped the expertise of top Illinois real estate agent Jen Ortman , who walked us through some of her best advice for buyers. Hiring an agent. Hiring an agent is a big deal.

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HomeLight

JULY 31, 2020

With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency.

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HomeLight

JUNE 24, 2022

Contacting a local agent in your market is the most effective way of finding a true market evaluation,” says Marissa Papa , a Connecticut real estate agent with 18 years of experience. It’s a very prudent part of the process as an experienced agent can provide a comparative market analysis.”. Agent commission.

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HomeLight

JULY 26, 2022

But this sign looks different from the real estate agent signs you usually see and it lists the homeowner’s contact information. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. You’ve found yourself a FSBO home. What is a FSBO home?

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HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

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Point2Homes

DECEMBER 23, 2021

An escrow agent will oversee this account, releasing the funds to go toward paying for the home if everything goes according to plan. Most likely, the buyer will then be expected to make an earnest money deposit fairly quickly, which will go into an escrow account until closing. Buyers Escrow.

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HomeLight

SEPTEMBER 1, 2022

With the help of top agent David Landau , who works with 68% more single-family homes than the average agent in Newtown, Connecticut , we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Constitution State. Steps to buying a home in Connecticut. Assess your readiness.

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HomeLight

AUGUST 30, 2021

“Rent to own could be an option for someone who just doesn’t have the ability to qualify to purchase right now,” says Ed Kaminsky , a top-selling Southern California-based agent with 34 years of experience. “A First, talk to a local agent who is experienced with rent-to-own transactions. Step 9: Save for closing costs.

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Realty Biz

JULY 7, 2021

There may be rare local circumstances where this will work but it should only be based on the advice of a trusted real estate agent. Before you write up your offer, have your agent contact the selling agent to learn if there are other offers on the house. Require a minimal home inspection.

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HomeLight

MARCH 6, 2023

With the help of top Bay Area agent Carl Medford , who has 22 years of experience and specializes in helping first-time homebuyers, we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Bay Area. down payment and/or closing cost assistance. Loans are between 3%-3.5%

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HomeLight

SEPTEMBER 1, 2022

We researched everything you need to know about buying a house in Florida, and spoke with top agent Maria Raymer , who works with 67% more single family homes than the average agent in Jacksonville, Florida , to get expert insight into the steps required for buying a home in Florida. Find a local Florida agent.

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The Close

MARCH 11, 2025

This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures. Weve identified six steps for how to find for sale by owner homes, along with the advantages and disadvantages of navigating the FSBO process without a real estate agent involved.

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HomeLight

SEPTEMBER 22, 2020

You’ve got an incredible opportunity to make the most of this deal, if only you can avoid tripping up before closing. As a next step, your agent suggests going with a “highest and best” strategy to see if any of these offers rise to the top of the pile. With everything from 50% down to closing cost assistance, the offers ran the gamut.

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HomeLight

JANUARY 3, 2023

Sellers who may have been wondering about how to sell a house by owner in Colorado during the hot seller’s market of 2021-2022 may now face stronger headwinds and more discerning buyers, according to top real estate agents surveyed by HomeLight. FSBO is a method of selling your home without the involvement of a listing agent.

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HomeLight

JANUARY 14, 2022

We combed through the available data to better understand the different types of home inspections, who pays for them, and why they might be beneficial to buyers. During an inspection, a certified inspector will walk through the house and assess its major structural components and features. Real Estate Agent. Warren Barnes.

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HomeLight

AUGUST 9, 2022

As we mentioned, your lender will need to see that you do actually have the money as part of your loan approval process — a current bank statement will usually suffice — but you won’t need to transfer it out until closing day. Real Estate Agent. Real Estate Agent at Berkshire Hathaway HomeServices, PenFed Realty Texas.

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HomeLight

JULY 31, 2021

If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Lisa Jackson , a seasoned real estate agent in Pittsburgh, Pennsylvania, sees cash buyers gravitate primarily to single-family, starter-type homes priced around the $200,000 range or less.

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HomeLight

MARCH 31, 2022

With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent.

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HomeLight

MARCH 31, 2022

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent.

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HomeLight

OCTOBER 12, 2020

You need to write offers that tell the seller and listing agent three things: your offer has the best terms. Sarita Dua is a top agent in Portland, Oregon who’s been winning bidding wars all year long — including seven straight in a single weekend. HomeLight’s Agent Resource Center. Links and Show Notes.

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HomeLight

APRIL 28, 2023

Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. That 6% is deducted from the seller’s proceeds at closing.

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Redfin

JANUARY 25, 2021

Though you can technically add any contingency you want to an offer, here are the 9 most common homebuying contingencies to consider. 1) Home inspection contingency. As the buyer you should always order a home inspection. 2) Appraisal contingency. 4) Home sale contingency.

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HomeLight

OCTOBER 13, 2021

Emeric Szalay , a top-selling real estate agent in Indiana who works with 78% more single-family homes than the average agent in his area, shares: “We’ve had closings that have stopped right in the middle of closing because the buyer had an expired driver’s license. Closing Disclosure. Buyer repair requests.

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HomeLight

APRIL 21, 2022

For more expertise, top real estate agent Kris Shook , who works with 77% more single family homes than the average agent in Tacoma, Washington, shares insights. A Top-Rated Agent Can Help You Field Buyer Offers. An experienced agent can guide you on whether or not the offers you receive on your home are worth considering.

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HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home. Money talks!

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Realty Biz

JUNE 7, 2021

It’s typically based on reliable and up-to-date information provided by a real estate agent knowledgeable about the local market. The agent’s suggested price comes from what is known as a “market analysis.” The appraisal contingency means the appraised price has to be for at least as much as the sales price. Closing costs.

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