Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

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Purchase and sale agreement Brokerage Loan Officer Mortgages 305

HomeLight

AUGUST 23, 2024

If you’re hoping to purchase a home in the near future, you should be aware of a major change to the home-buying process that has altered how homes are purchased and shopped across the country. You can then make a strong offer on your next home with no home sale contingency. What is a broker-buyer agreement in real estate?

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Purchase and sale agreement Home sale contingency Agents Equity 110

The Close

NOVEMBER 7, 2024

Build a network of reliable professionals like real estate agents, contractors, and property managers. Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

Toronto Realty Blog

NOVEMBER 13, 2023

Peter tells John, “I wanted to let you know that I am going to list the condo for sale.” The property is listed for sale and ends up selling after about three weeks. Bob the Buyer is a young man who is purchasing his first home, and is excited to move into the condo in the fall. And what does Bob the Buyer do?

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Purchase and sale agreement Residential Closing Pre-approval 112

HomeLight

MAY 23, 2024

If you lack upfront deposit money, have poor credit, or are just nervous about a home-purchase commitment, a condo rent-to-own program can help you get a foot in the door to homeownership. This ease-in process can also help you build equity while renting, improve your financial standing, and give you time to decide if condo life suits you.

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Purchase and sale agreement Finance Equity Agents 119

HomeLight

JULY 12, 2024

You’ll hear your lender and real estate agent use the phrase “house in escrow.” Unlock Your Equity and Buy Before You Sell Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Get Started What does ‘in escrow’ mean in real estate?

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Purchase and sale agreement Earnest money deposit Home sale contingency Title search 111

HomeLight

OCTOBER 4, 2021

We talked to expert agents experienced in the rent-to-own process to show you exactly where to look and what pitfalls to watch out for. Talk to an experienced agent. A rent-to-own home is an agreement that allows the renter to buy the home from the landlord after a specific lease period. Lease purchase. Table of Contents.

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Purchase and sale agreement Pre-approval Agents Brokerage 141

GeekEstate

OCTOBER 29, 2021

This market map real estate technology companies operating across every phase of the home purchase value chain. For instance, while Blend’s original product focused specifically on the mortgage point-of-sale, the company has since expanded to offer title services, home insurance and closings.

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Technology Marketing Purchase and sale agreement Equity 136

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. We’ve done the research, read contract language, and talked to a veteran real estate agent to learn what buyers need to know about 72-hour kick-out clauses. Real Estate Agent. Transactions.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 111

Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. Building relationships with real estate agents, lenders, contractors, and other investors can provide you with valuable insights and opportunities. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property.

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Hard money loan Purchase and sale agreement Due diligence Renovation 52

HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Get Started What does ‘under contract’ mean?

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 115

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

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Short sale Closing costs Closing Sales 98

HomeLight

JULY 29, 2022

If you’re in this demographic and looking for a house in retirement, chances are your priorities have changed from when you purchased your first home. Building equity. Building equity , or increasing your home’s value minus the amount you owe on it, is something every homeowner strives for. Find a Buyer's Agent.

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Purchase and sale agreement Renovation Equity Mortgages 104

Redfin

MARCH 4, 2025

Of course, you may need specific paperwork depending on your situation or local laws in your area, so be sure to consult with your real estate agent or attorney during the home selling process. Particularly youll need the original purchase agreement and deed. Deed Youll need the deed to your house.

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Purchase and sale agreement Title Inspection Pre-approval 31

HomeLight

FEBRUARY 26, 2024

We’ll look at the financial mechanics behind affording a luxury home and explore alternatives that can make your dream purchase a reality. They’re going to do a conventional loan, and then do an equity loan so that they can afford it.” Let’s take a look at these common ways people can afford to purchase a million-dollar home.

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Purchase and sale agreement Debt-to-income ratio Equity Loans 115

HomeLight

JANUARY 31, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. If significant defects are found, the buyer can renegotiate or withdraw from the sale without penalty.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 115

HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. Real Estate Agent. Real Estate Agent at @properties. With a rent-to-own or a lease-purchase agreement, however, the tenant has already agreed to buy the home after a specified period.

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Purchase and sale agreement Due diligence Finance Equity 109

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. Enter the use and occupancy agreement. Marc Lagrois , a top Michigan real estate agent, says occupancy after closing is a very common occurrence. “It Terms of a U&O.

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Purchase and sale agreement Closing Rent back Principal 75

HomeLight

DECEMBER 28, 2023

Whether it’s to buy a house with a lower interest rate or to purchase a property from a family member, more home shoppers today are asking: Can I take over mortgage payments?” An assumable mortgage is a type of home loan that allows a new buyer to take over the seller’s existing loan terms as part of the property purchase.

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Loans Purchase and sale agreement VA loan Mortgages 119

HomeLight

NOVEMBER 13, 2024

Could a rent-to-own agreement be just right? Just 1% of homebuyers purchase the home they previously rented, according to a 2024 report from the National Association of Realtors. Find Agent What is a rent-to-own home? The big difference is, you pay an option fee to purchase the home at a later date.

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Purchase and sale agreement Debt-to-income ratio Agents Mortgages 98

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Sales Purchase and sale agreement Inspection Due diligence 105

Easy Agent Pro

JUNE 8, 2021

Especially in the real estate industry it seems that all the SEO in the world won’t get the average agent to the front page of the Google search results. A coveted spot, for sure, but one that most agents will never reach by using the most popular real estate terms. Getting sick of hearing that one? You won’t make that mistake.

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Agents Purchase and sale agreement Backup offer Title 116

HomeLight

OCTOBER 25, 2021

“In the right scenario, yes,” it may make sense to sell to your renter, says AJ Petterson with The Advisory Realty Group , a high performance real estate team in Minneapolis that also specializes in Townhome sales. Evaluate the offer strength with the help of a top agent. Weigh home sale earnings vs. long-term rental income.

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Purchase and sale agreement Title Closing Sales 111

HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” In this post, we’ll explain terms like “under contract,” “sale pending,” and “active under contract” and how they might impact your home-buying journey.

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 119

HomeLight

SEPTEMBER 13, 2022

With some guidance from a top real estate agent and a veteran real estate attorney, we’ll cover seven important steps to consider when selling a house to a family member, as well as some questions you might have about the process. Sign a purchase agreement. Any items in the home the buyer would like included in the sale (i.e.

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Purchase and sale agreement Title Title search Finance 111

HomeLight

DECEMBER 6, 2021

You will just need to prepare for some additional complexities, such as: Taxes: It’s not a guarantee that you’ll owe taxes, but you may have to report a “gift of equity” that exceeds a certain amount to the IRS. Financing hoops: You may face additional scrutiny from the lender if your buyer will use a mortgage for their purchase.

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Purchase and sale agreement Marketing Equity Inspection 111

HomeLight

FEBRUARY 18, 2022

Maybe you remodeled the kitchen and want to get that money back in the sale, or, you’re planning on funding part of your retirement with your sale proceeds. Most home sellers want to make a profit when they sell, and to maximize that profit you might have considered working with a low commission agent. Get Estimate.

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Agents Purchase and sale agreement Sales Due diligence 111

HomeLight

AUGUST 23, 2024

If you’re hoping to purchase a home in the near future, you should be aware of a major change to the home-buying process that has altered how homes are purchased and shopped across the country. You can then make a strong offer on your next home with no home sale contingency. What is a broker-buyer agreement in real estate?

Purchase and sale agreement 52

Purchase and sale agreement Home sale contingency Agents Equity 52

HomeLight

AUGUST 23, 2024

If you’re hoping to purchase a home in the near future, you should be aware of a major change to the home-buying process that has altered how homes are purchased and shopped across the country. You can then make a strong offer on your next home with no home sale contingency. What is a broker-buyer agreement in real estate?

Purchase and sale agreement 52

Purchase and sale agreement Home sale contingency Agents Equity 52

HomeLight

MARCH 31, 2022

Selling a house often goes something like this: You’re halfway through sorting a random box of clutter when your real estate agent calls and reminds you that she needs a copy of your property survey. Contact a real estate agent about one to three months in advance of when you want. Real Estate Agent. Real Estate Agent.

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Purchase and sale agreement Title Inspection Agents 122

HomeLight

APRIL 29, 2022

For married couples, buying a home together is an act of optimism and agreement. For this story, we are assuming the home was purchased by the couple and is joint property. If the divorce lands in court, the sale of the house and the division of the proceeds may be ordered in the consent decree. Unsure What to Do With the House?

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Purchase and sale agreement Equity Sales Agents 105

HomeLight

MARCH 31, 2021

With rent-to-own homes , you get to try the home on for size while holding the door open to purchasing the home later. This method of buying a home can be more complicated than a straightforward home purchase, and it’s not a widely used technique. Source: (LinkedIn Sales Solutions / Unsplash). Work with an agent.

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Purchase and sale agreement Closing costs Loans Equity 98

Real Trends

MAY 23, 2022

Cash flow, increase, money, refinance, purchase, for sale. ” It affects “countless businesses,” the Chamber of Commerce declared in the brief that supports NAR’s appeal of class certification, namely co-defendant brokerages and the independent contractor agents who act as their own entrepreneurs. .”

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Agents Purchase and sale agreement Equity Brokerage 86

HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

NOVEMBER 9, 2021

To provide you with the best definition of a home appraisal, who performs a home appraisal, and how it must be done, we spoke with top Florida real estate agent Joe LoCicero , who sells more than 22% faster than average agents in his area, and Diana Benson, owner and operator of Benson Appraisals in Gilbert, Arizona.

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Purchase and sale agreement Equity Bankruptcy Finance 110

Realty Biz

JANUARY 15, 2024

One popular option is a bridge loan, a short-term loan that allows you to finance the purchase of a new home while you wait for your existing home to sell. It's important to note that eligibility for a bridge loan will depend on factors such as your creditworthiness and the equity in your current home.

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Pre-approval Purchase and sale agreement Finance Equity 105