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

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. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realty Biz

MAY 16, 2021

With existing home inventories super tight and competition among buyers for the few homes that are listed for sale, many have struggled to buy a new home before they leave the one they’re selling. I’d say a third of the current contracts being written have a rent-back of some length, and it’s usually free to the seller,” Marks said. “I’d

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Purchase and sale agreement Rent back Sales As-is 74

First Team Real Estate

MAY 21, 2021

In order to get your home offer accepted in today’s tight seller’s market, you’ve got to be quick, smart, and totally in sync with your real estate agent. According to recent data from NAR , home sales are receiving an average of 4 offers, and our FirstTeam agents regularly see bidding wars that capture upwards of 20 offers!

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Purchase and sale agreement Rent back Marketing Agents 98

HomeLight

OCTOBER 1, 2020

It’s good to understand the market of the moment,” says Madison-based real estate agent Lynn Holley , who works with 72% more single-family homes than the average agent in Madison. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal. And can you use it to your advantage?

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Purchase and sale agreement Short sale Rent back Sales 98

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Need a quick sale? But no one wants to be taken advantage of, conned, or ripped off. “We

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Purchase and sale agreement Investor Agents Sales 111

HomeLight

APRIL 29, 2021

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

HomeLight

SEPTEMBER 11, 2020

Basic overview: You’ll work with your agent to deliver the offer to the seller’s agent on the forms used in your state. The seller will either accept your offer (in which case it becomes your purchase agreement ), or will counter your offer (you can accept or counter again), or the seller could also flatly decline.

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 98

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. No staging, no repeated showings, no agent commissions. If you purchased the home recently, such as a year or two ago, it’s possible you haven’t built up much equity yet. Stressed About a Quick Job Move? Get Estimate.

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Purchase and sale agreement Agents Equity Staging 119

HomeLight

JANUARY 28, 2021

In HomeLight’s Q4 2020 survey of over 1,000 top real estate agents, 74% of respondents said that home prices were on the rise in their area, in spite of the winter season. What’s more, 48% of agents believe home values in their market will continue to climb over the next six months, and 46% noted bidding wars were increasing in their market.

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As-is Purchase and sale agreement Agents Equity 105

Realtor.com

JUNE 4, 2021

from a year earlier, and the number of homes for sale fell to record lows earlier this year. That scarcity has helped lift home prices to all-time highs and has started to slow down the pace of sales. But sellers today often receive multiple bids, and those with contingency clauses are unlikely to be accepted, agents say.

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Purchase and sale agreement Marketing Rent back Principal 90

HomeLight

MAY 24, 2021

Home sales have skyrocketed, and home inventory is historically low. 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. Talk to your agent about the market.

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

HomeLight

APRIL 28, 2022

Bonnie Fleishman , a top agent in Glen Burnie, Maryland, recommends selling furniture and decor items as part of the house. To cut down on your moving bill, sort through items you want to take with you and make a plan for the rest, for example: Rent a dumpster for discarding large items. Hold a garage sale. Rent-back agreement.

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Purchase and sale agreement Rent back As-is Agents 111

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.

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Purchase and sale agreement Rent back Loans Agents 52

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. In a seller’s market, you may be tempted to put an offer on a home that’s contingent on the sale of your current home.

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Purchase and sale agreement Marketing Equity Loans 80

Redfin

JULY 28, 2020

of successful offers submitted by Redfin agents in select major U.S. The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. Active listings—the count of all homes that were for sale at any time during a given month— dropped 20.7% In June, 19.9%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Redfin

FEBRUARY 2, 2021

A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. 2) Get a Great Real Estate Agent. Your buyer’s agent can provide you with keen insights into specific neighborhoods, such as walkability, schools, and other local amenities.

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 66

Redfin

JULY 30, 2020

Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as reasons more buyers are bidding on homes before visiting them. I never would have chosen to buy a house this way, but I’d rather take a risk with my home purchase than take a risk with my family’s health,” Sanchez said. “I

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 74

Realty Biz

MAY 16, 2022

With so few homes for sale, buyers are fighting over each property that hits the market. The call is made to your real estate agent within 30 minutes of seeing the home pop up online and you schedule a showing immediately. Earnest money can be five percent of the purchase price and in some circumstances even more.

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Earnest money deposit Purchase and sale agreement Rent back Inspection 96