Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realty Biz

MAY 1, 2022

When trying to compete with cash offers, getting a bank letter at your maximum loan amount is helpful. Lean on your buyer’s agent for what they have seen with other properties. Let The Seller Rent Back The House. Another tactic to sweeten your offer is to allow the seller to rent back their house from you.

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Purchase and sale agreement Rent back Inspection Pre-approval 145

HomeLight

JUNE 30, 2021

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. If the contingency isn’t met, it usually means that you can drop out of the purchase and get your earnest money back.

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Rent back Inspection contingency Earnest money deposit Finance 105

HomeLight

FEBRUARY 28, 2022

That’s why we’ve spoken to top real estate agents and other professionals to create a guide that covers common challenges you could face and some alternate routes that might work better for you if you decide to sell and buy a house at the same time. Find Agent. Real Estate Agent. Real Estate Agent at GK Properties.

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Equity Debt-to-income ratio Loans Closing 126

The Close

APRIL 28, 2022

Luckily, beating a cash offer on a house is not as hard as many agents think. Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized. The fee is about 2%, but it is reduced if the buyer uses Homeward Mortgage for their final loan. There is a charge for this service.

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Rent back Closing costs Finance Agents 105

RIS Media

APRIL 18, 2022

Allowing the seller to rent back for a specified amount of time. Speak to your real estate agent about what to expect. You can expect the seller’s listing agent to require it as well. Your agent can help you get pre-approved for a mortgage in the current market. The terms of the loan. Final thoughts.

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Pre-approval Backup offer Due diligence Rent back 119

Realty Biz

MARCH 5, 2021

Real estate agents are urging their clients to go and sell their homes now, or risk missing out on the golden opportunity that the current seller’s market presents. “A But real estate agents say people in that situation still have options. At the same time, homeowner’s equity has grown too.

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Rent back Equity Agents Loans 110

HomeLight

JULY 29, 2022

We’ll explain the market’s impact on this decision to sell or buy first, and provide advice from real estate experts such as Joel Barber , a top agent who works with 83% more single-family homes than the average Myrtle Beach, South Carolina, agent, to help you make the right choice. Transition via rent back.

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Debt-to-income ratio Loans Rent back Agents 111

HomeLight

APRIL 17, 2024

In normal home sales, many real estate agents are negotiating rent-back periods for home sellers. Opendoor charges a daily rate which is calculated based on: home value, utility costs, and days of rent-back. You can both apply for a mortgage loan for a new purchase and refinance an existing mortgage.

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Seller concession Inspection Rent back Closing 115

HomeLight

JANUARY 7, 2022

We’ve talked to veteran real estate agents to build an end-to-end guide on how to buy a house while selling your own. Real Estate Agent. Real Estate Agent at RE/MAX Results. Before you make any decisions, a real estate agent can give you a sense of what your house could list for right now and how fast it’s likely to sell.

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Equity Loans Debt-to-income ratio Closing 105

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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Closing Earnest money deposit Sales Inspection 118

HomeLight

MAY 24, 2021

In a hot market, a seller is unlikely to really consider your offer if you aren’t already preapproved for a loan. Therefore we’re giving them a leg up where they could compete against all-cash offers or the average agent that’s just getting the basic pre-qualification,” he says. “It Talk to your agent about the market.

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Pre-qualification Pre-approval Purchase and sale agreement Loans 111

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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Agents Inspection Inspection contingency Pre-approval 98

HomeLight

MARCH 31, 2022

To succeed in getting a seller to consider your offer, you need to work in advance with your real estate agent to assess the best bargaining tools to entice the seller to move your offer to the top of the list. The most important thing you can do is to sit down with an experienced real estate agent and discuss your options.

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 104

HomeLight

OCTOBER 1, 2020

After a low appraisal on your dream home , you may assume that this is the end of the road because it may mean the termination of your mortgage loan if you can’t work out a deal. Are you able to offer the seller more time to stay in the home, or suggest a rent-back agreement? Can you offer a rent-back agreement to the seller?

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Purchase and sale agreement Short sale Rent back Sales 98

HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 106

HomeLight

APRIL 29, 2021

For expert insight, we spoke with Kurt Thompson , a top real estate agent and former president of the Massachusetts Association of Realtors®. ” Start by clearing off flat spaces like your kitchen counter — an essential task, according to nearly 97% of real estate agents surveyed by HomeLight. Hand over the keys to the new owner.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

HomeLight

AUGUST 17, 2022

With the help of Richie Helali from HomeLight Home Loans and Leanne Hester , a top real estate agent based in Newport News, Virginia , we’re taking a deep-dive into why mortgage rates are rising and what it all means for homebuyers and sellers. Real Estate Agent. Real Estate Agent at Liz Moore and Associates LLC.

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Mortgages Rent back Fixed-rate mortgage Banks 108

HomeLight

MARCH 20, 2023

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. Find a Buyer's Agent What is a home sale contingency? Offer to accept a rent-back agreement.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

Redfin

MAY 7, 2021

I always advise potential sellers to look at the homes on the market, and if they don’t see anything they like, I recommend that they wait to list until they do,” said Portland, OR Redfin real estate agent Rebecca Walter. Another option to consider is gap financing such as a Home Equity Line of Credit (HELOC) or a Bridge Loan.

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Purchase and sale agreement Marketing Equity Rent back 80

HomeLight

AUGUST 16, 2022

To help with our predictions of when mortgage rates will go down, we’ve researched the state of the housing market and spoken with two experts: Richie Helali of HomeLight Home Loans and Newport News, Virginia -based top real estate agent Leanne Hester. Real Estate Agent. Real Estate Agent at Liz Moore and Associates LLC.

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Mortgages Fixed-rate mortgage Agents Rent back 135

HomeLight

NOVEMBER 10, 2021

Agent John Leinaar works in Kalamazoo , Michigan, an area where many pharmaceutical companies operate. He’s helped several families relocating from other states purchase homes remotely, and he works with 66% more single-family homes than other agents in his area. It will help your agent bring you the right houses, too.

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Inspection Title Agents Pre-approval 98

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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Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

MARCH 22, 2021

You need to write offers that tell the listing agent your offer has the best terms, lowest risk, and is most likely to cross the proverbial finish line. You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center. The best price doesn’t always win a bidding war.

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Agents Inspection Inspection contingency Pre-approval 75

HomeLight

MARCH 28, 2022

No staging, no repeated showings, no agent commissions. Home equity is a homeowner’s financial stake in their property that they own free of their mortgage loan obligation.). We always recommend following up an online price estimate with the opinion of a top local real estate agent. Close in as little as 10 days.

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Purchase and sale agreement Agents Equity Staging 119

Windemere Selling

SEPTEMBER 1, 2021

Above all, the balancing act required to pull off both deals highlights the importance of working closely with a trusted and experienced real estate agent. 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. Do I buy or sell first?

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Purchase and sale agreement Rent back Loans Agents 52

HomeLight

MAY 24, 2022

“When I talk to my clients, it’s really about looking at the big picture and then what’s right for them,” says Deidre Quinn , an award-winning agent in the Philadelphia area. We’ve done the research and interviewed top real estate agents to help you answer this all-important question — should I sell my house in 2022?

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

APRIL 19, 2021

Condos cost 30% more on average than co-ops,” says Dylan Hoffman , a local agent with over 19 years of experience, who’s sold 37% more properties than the average New York agent. Sellers appreciate cash offers because of their faster timelines, as there’s no need to wait for a mortgage loan. million in condos.

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Earnest money deposit Inspection Due diligence Agents 89

The Close

FEBRUARY 6, 2024

I contacted the listing agent only to learn that all offers were due by 5:00 p.m. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. Now, that will stand out to the listing agent and their client. But have no fear!

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Pre-approval Earnest money deposit Inspection Inspection contingency 76

Hank Miller Team

FEBRUARY 27, 2022

Princes are conventional loans with as much down as possible Offer 3-4 in earnest money and deposit it within a day of contract Waive contingencies like inspection, appraisal, and financing Learn what is key to seller and try to accommodate them Keep things simple, no nonsense stipulations or asks This is the market right now (late 2/22).

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Due diligence Rent back Inspection Loans 52

HomeLight

JANUARY 4, 2022

Fifty-eight percent of surveyed agents expect the recent rise in cash offers to persist beyond the temporary housing craze, as sellers now have greater expectations for convenience, speed, and certainty. HomeLight’s 2020 agent survey found that buyers who would traditionally use a mortgage are finding ways to pay cash however they can.

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Investor Finance Inspection Sales 98

HomeLight

OCTOBER 5, 2020

In this episode of The Walkthrough, you’ll meet a top agent in the red-hot Portland, Oregon, market who’s been winning bidding wars all year long — including seven straight in a single weekend! You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center.

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Agents Backup offer Inspection Rent back 97

Real Trends

JULY 15, 2022

Also, lending guidelines are much tighter today than in previous years so banks aren’t approving risky loans to potential buyers. Because of today’s tight market agents have a great opportunity to assure sellers get the best price for their home. A good agent should help a seller make his home as appealing as possible.

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Loan Officer Agents Rent back Loans 52

Redfin

JULY 28, 2020

of successful offers submitted by Redfin agents in select major U.S. The decision to do so should be made carefully with the guidance of a trusted real estate agent, who can also advise on the possibility of doing a pre-inspection before submitting an offer. In June, 19.9% during the same month in 2019. up from 17.4%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

HomeLight

APRIL 29, 2021

To help us understand both buyer’s and seller’s markets, we spoke with top real estate agent Kim Rock. The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Only 36% of surveyed agents shared this sentiment. How much you’ll net for your home.

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Marketing Sales Agents Construction 111

HomeLight

MARCH 15, 2021

In this episode of The Walkthrough, Portland agent Sarita Dua shares how she won seven straight bidding wars in a single weekend. You can find the group here: HomeLight Agent Community – The Walkthrough. HomeLight’s Agent Resource Center. This is great when you’re the listing agent. Links and Show Notes.

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Agents Backup offer Inspection As-is 81

Redfin

FEBRUARY 2, 2021

1) Get Pre-Approved for a Home Loan. 2) Get a Great Real Estate Agent. Having a great real estate agent by your side throughout this process can help make everything go more smoothly and aid you in making an offer quickly when the time comes. Be Ready to Act Instantly in a Seller’s Market. How to Make Your Best Offer .

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