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.

Earnest money deposit 111

Earnest money deposit VA loan Purchase and sale agreement FHA loan 111

HomeLight

SEPTEMBER 1, 2020

If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. According to top Florida Real Estate agent Troy Walseth , who has 27 years experience under his belt, “You really can’t buy a ‘foreclosure.’ Not all agents do!

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Banks Inspection contingency Inspection FHA loan 98

HomeLight

JULY 31, 2022

To explore your options with potential appraisal required repairs, we gathered expert advice from appraisers, lenders and top agents. How does a buyer’s loan type affect minimum property standards? By comparison, to be eligible for an FHA loan, the property must meet U.S. FHA loans must meet very specific standards.

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Closing FHA loan Purchase and sale agreement Inspection 98

HomeLight

MARCH 31, 2021

For added insight on using credits wisely, we consulted top real estate agent Topher Kauffman , who has closed 82% more single-family home sales than the average agent in Summerville, South Carolina. The home inspection identifies deep cracks in the driveway as a safety hazard. Source: (Annie Spratt / Unsplash).

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Closing Seller concession Sales Closing costs 105

HomeLight

MAY 28, 2021

But, while some as-is homes are in disarray, not all of them are broken beyond repair, says Ed Verdel , a New Jersey real estate agent with over 11 years of experience. A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home. Hire a top buyer agent.

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As-is Inspection Title search Inspection contingency 100

HomeLight

MARCH 31, 2021

A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Jennifer Smeltzer , a top-performing real estate agent in Jackson County, MO, advises sellers to complete the pre-listing inspection no sooner than two months before listing their property.

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Inspection Inspection contingency FHA loan Sales 104

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. And the best part?

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Closing costs Inspection Loans Earnest money deposit 119

HomeLight

SEPTEMBER 29, 2020

“The biggest reason why buyers have to worry about rent-to-own home condition is because that home will be theirs, officially, once they own it,” says top-selling Florida-based agent Kathy Aparo-Griffin. “So So they’re going to have to deal with these issues.”. Let’s further consider that roof example.

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Inspection contingency FHA loan As-is Finance 98

HomeLight

OCTOBER 29, 2021

We’ve talked to an experienced real estate agent who’s been through hundreds of closings, reviewed closing documents , and broken the house closing process into 17 steps. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close.

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Closing Inspection Title Due diligence 111

HomeLight

DECEMBER 29, 2021

In fact, Tamara Bourne , a top-selling agent in Atlanta ’s South Metro who sells 84% more properties than her peers in Peachtree City, says she looks at a home like an appraiser does when she goes to a listing property. To see a comprehensive overview of the FHA loan requirements, HUD provides a 21-page handbook on appraisal guidelines.

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Purchase and sale agreement VA loan Loans Agents 111

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.” That means the bank will loan 80% of the value of the house and the buyer needs to pay cash for the other 20%.

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Inspection Closing costs Inspection contingency Loans 92

Realty Biz

MARCH 13, 2024

Get a comparative market analysis from your real estate agent to determine fair value pricing for the neighborhood. If waiving inspection contingencies, have the home pre-inspected so you enter informed on its condition. These include low interest mortgages and grants or loans repaid upon home sale.

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Pre-approval Marketing Inspection Closing costs 91

HomeLight

DECEMBER 29, 2023

Louis, Missouri agent who sells homes 56% faster than the average agent in her area. “It’s This preference or requirement is communicated either in the marketing remarks or hidden agent remarks that are not published to the public on sites. They’re not published, only the agent can see it in the listing on the end.

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As-is Inspection Finance Loans 110

HomeLight

DECEMBER 23, 2021

They happen all the time,” says Jared Davis , a top real estate agent who works with 80% more single-family homes than the average agent in Richmond, Virginia. He speaks from experience as both an agent and a house flipper. For guidance on how to deal with your specific code violations, consult a qualified real estate agent.

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Inspection Title Renovation Inspection contingency 111

HomeLight

AUGUST 24, 2022

According to Todd Auslander , who completes 27% more sales than the average Stamford, Connecticut agent, selling a house ‘as is’ in Connecticut is mostly done when the owner inherits the house, lives out of state, or the house is in really bad condition. No but agent write ‘as is’ in the remarks section according to Auslander.

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As-is Inspection Closing costs Investor 111

Windemere Buying

OCTOBER 18, 2021

By working closely with your agent , you can identify these pitfalls ahead of time and adjust accordingly. VA Loans can be a lifesaver for active service and veteran personnel, offering zero down payment and lower-than-average mortgage rates. Be sure to thoroughly review the qualifications of these loans before applying.

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Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

Redfin

AUGUST 29, 2024

Jumbo loan: Also known as non-conforming loans, jumbo loans exceed the limits set by conforming loans. These loans are typically issued for more expensive homes and come with stricter qualification requirements. Before touring homes with an agent, you’ll most likely need to sign an agreement with your agent.

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Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

HomeLight

OCTOBER 29, 2021

We’ve rounded up advice from top real estate agents, plus talked to a few first time buyers who shared how they turned that impossible dream into a reality. Find a reputable and experienced agent. It also comes with lots of paperwork, hoops to jump through, financial considerations, and occasional problems or contingencies to navigate.

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Inspection Loans VA loan Title 98

Redfin

FEBRUARY 10, 2021

Buyers should ask their real estate agent about their local market and advice on making offers competitive. Find a Knowledgeable Real Estate Agent. There are several ways to find a knowledgeable real estate agent. A good agent isn’t trying to get you into a house as quickly as possible so they can earn a commission.

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Debt-to-income ratio Pre-approval Inspection Loans 76

HomeLight

AUGUST 29, 2022

Another plus is that Texas doesn’t have state income tax, according to Rach Potter, who sells homes 44% quicker than the average agent in Dallas, Texas. Some conventional loans allow for first-time buyers to put as little as 3% down , subject to qualification requirements. Find a local Texas agent. Find a Buyer's Agent in Texas.

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Earnest money deposit Title Inspection Title search 115

HomeLight

AUGUST 12, 2022

Fear of the unknown is the main reason clients want to sell their property ‘as is,’” says top-performing real estate agent Rich Hernandez of Oxnard, California. Agents may comment about as-is conditions in the public or private remarks. Real Estate Agent. Real Estate Agent at The Omni Group- Coldwell Banker.

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As-is Purchase and sale agreement Natural hazards disclosure Closing costs 111