HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

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Sales Purchase and sale agreement VA loan MLS 110

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

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VA loan Purchase and sale agreement Short sale Pre-approval 95

Lab Coat Agents

NOVEMBER 20, 2024

An assumable mortgage is a financial agreement where the buyer takes over the seller’s existing mortgage. If you are the buyer, this means you inherit the loan’s principal balance, interest rate, and repayment terms. Types Of Loans That Can Be Assumed Not all mortgages are assumable. What Is An Assumable Mortgage ?

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Purchase and sale agreement Mortgages Pre-approval VA loan 98

HomeLight

SEPTEMBER 21, 2020

In 2019, most sellers (89%) sold their home with the help of a real estate agent. So, take a step back to evaluate your next move, which might be: Hire an agent with a military-friendly skill set. When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM).

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VA loan Purchase and sale agreement Loans Agents 111

HomeLight

AUGUST 9, 2022

It’s the first financial move you’ll make in securing your new home purchase. Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. Real Estate Agent. Let’s jump in!

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

Realty Biz

SEPTEMBER 23, 2023

Are you wondering what to ask a buyer's agent before hiring them? Buyer agents play a crucial role in real estate transactions. Understanding the difference between buyer and seller's agents and how buyer's agents are compensated is essential. You may likely be asked to sign a buyer's agency agreement.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 70

HomeLight

NOVEMBER 16, 2021

We examined a range of programs for you to explore and consulted an experienced agent to help you understand what’s available and whether it’d be a good fit for you. Then the home seeker works with licensed real estate agents of their choice to find the right home for them. Source: (Jonathan Francisca / Unsplash). Home Partners.

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Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104

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. The buyer ultimately assumes all risks and responsibilities for any issues that may arise post-purchase. In other words, “what you see is what you get.”

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As-is Agents Purchase and sale agreement Inspection 98

HomeLight

MAY 23, 2022

Top-rated North Carolina real estate agent Ashley Schaus had a listing recently that was in really rough shape. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. Sell 'As Is' With a Cash Offer. Request Cash Offer. 359,600 (April 2022).

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As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

JANUARY 12, 2022

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March.

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Closing Purchase and sale agreement Pre-approval Inspection 116

HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. A seller [that] just doesn’t want to make repairs and wants to sell the house as-is, says Connor Dowd , a top-performing Rhode Island agent with 26 years of experience. Its much more common than you might think!

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As-is Purchase and sale agreement Inspection Finance 52

HomeLight

NOVEMBER 1, 2021

If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. Percentage of sale or flat price. 150,000 sale). Closing cost.

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Closing costs Closing Purchase and sale agreement VA loan 98

HomeLight

OCTOBER 27, 2021

“If you can get to a home as a preforeclosure before it goes into foreclosure, that’s the best route,” explains Donny Piwowarski , a top-selling agent who works with 84% more single-family homes than the average agent in his region of Tracy , California. “A In preparation for making your offer, talk to your agent about what seems fair.

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Purchase and sale agreement Inspection Homeowner’s association Title 110

HomeLight

NOVEMBER 29, 2021

If you’re considering a rent-to-own house, you need to have a clear understanding of how these contracts work — they’re a little bit different from both a typical rental contract and a typical home purchase contract. When the future purchase price is set. Lease option vs. lease purchase. Term lengths. Option fee.

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Purchase and sale agreement FHA loan Loans VA loan 105

HomeLight

NOVEMBER 29, 2021

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. Agents say the ongoing demand for houses is being heavily driven by people fleeing more expensive areas of the country. Home loan benefits and housing programs offered through the U.S.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 110

HomeLight

MAY 23, 2022

According to Indiana real estate agent Jesse Allen , the biggest reason he sees people try to sell their homes “as is” in Indiana is because they don’t have the funds to make any repairs and their property is in a state of disrepair. “We HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

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As-is Purchase and sale agreement Inspection Closing costs 118

HomeLight

DECEMBER 29, 2021

Savvy sellers know that if their home is priced right, they stand a very good chance of having it appraise accordingly, and keep the sale on track. FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. Source: (Andrey_Popov / Shutterstock). Request Estimate.

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Purchase and sale agreement VA loan Loans Agents 111

Redfin

JANUARY 28, 2025

Instead of applying for a new home loan with todays mortgage rates and terms, the buyer steps into the seller’s position as the borrower and continues making payments under the original loan agreement. This is typically reflected in the sale price of the property.

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Loans Mortgages VA loan Purchase and sale agreement 31

HomeLight

OCTOBER 1, 2020

This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We The seller accepts your offer to purchase. Once the offer has been accepted, your real estate agent will draw up a purchase agreement.

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Closing Purchase and sale agreement Inspection Loans 97

Easy Agent Pro

JANUARY 13, 2023

As a real estate agent, you know the importance of sustaining a steady and consistent flow of new leads. Often real estate agents tend to focus on either buyer leads or seller leads as their specialty in the market. Often out of comfort, real estate agents will stick with the clientele they know. Let’s dive in! .

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Marketing Purchase and sale agreement Agents VA loan 115

HomeLight

APRIL 12, 2023

Your closing costs may differ depending on your circumstances and the terms of your home purchase. of the purchase price, and 1% for sellers, not including real estate agent commissions. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

NOVEMBER 30, 2021

After talking with agent expert Armand Lencheck , who works with 74% more single-family homes than the average agent in his area of Chapel Hill , North Carolina, we’ve compiled a list of 13 reasons why rent-to-own can be a bad situation for buyers, and also provided some alternatives to get your foot in the door of your first home.

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Purchase and sale agreement Finance Loans Mortgages 105

Realty Biz

MAY 19, 2022

Most people buy their homes with the assistance of mortgages or VA loans. Down payments can vary depending on the terms of your mortgage or loan, ranging anywhere from 5% to 20%. With most people needing the help of a mortgage to purchase a home, make sure you qualify for a loan you can afford before you start looking at houses.

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Purchase and sale agreement VA loan Loans Principal 91

HomeLight

JULY 31, 2022

Even before you decided to put your home up for sale, you probably knew making minor repairs and sprucing up your home would increase the chances of attracting the right buyers and getting a great offer. So how can you know what kind of repair issues could potentially derail a sale — before you even have an offer?

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Closing FHA loan Purchase and sale agreement Inspection 98

HomeLight

AUGUST 16, 2021

With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. Source: (LinkedIn Sales Solutions / Unsplash). Your real estate agent is another great resource for help!). You can qualify for loans with as little as 3.5% Step 1: Make sure you qualify.

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Loans VA loan FHA loan Purchase and sale agreement 105

HomeLight

MAY 17, 2021

Sellers have done research on the market before they set a home price, and because it’s their house, reading the appraisal results won’t take as much hand-holding from the agent. Discuss the sales price with your real estate agent. We want to purchase it at the appraised value.”. But what about the buyers?

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Purchase and sale agreement Loans VA loan Agents 99

HomeLight

JULY 25, 2022

“Even if sellers think their house isn’t ready, there are ways to get it right for selling if they want to sell,” says Kelley Martin , a top real estate agent in San Antonio who sells homes 48% quicker than the average area agent. Median sales price in Texas. Sell 'As Is' With a Cash Offer. Request Cash Offer.

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As-is Purchase and sale agreement Inspection Investor 111

The Close

SEPTEMBER 2, 2020

After coaching agents for the past 11 years, I’ve noticed two common beliefs that agents have that cause ineffective marketing: The first is they want to provide value to their entire database, and second is they don’t want to come across too “salesy.”. 6 Do I have to use a real estate agent to sell a home?

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Purchase and sale agreement Renovation Pre-approval VA loan 124

HomeLight

NOVEMBER 10, 2021

We did the research and spoke with Jeff Riber , a Jacksonville , Florida, agent who works with 72% more single-family homes than the average agent in his area. “It In fact, the median sales price for single-family homes in the Miami area in August 2021 was over $500,500 , according to Florida Realtors®.

Closing costs 116

Closing costs Loans Purchase and sale agreement Earnest money deposit 116

HomeLight

NOVEMBER 29, 2021

The amount varies, but it is usually based on a percentage of the home’s purchase price. William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market.

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Land Closing costs Purchase and sale agreement Loans 110

Redfin

AUGUST 29, 2024

You will also need to save money to put toward closing costs , about 2-5% of the purchase price. FHA loan: These loans are backed by the Federal Housing Authority (FHA) and primarily help low-to-moderate-income borrowers who are less likely to qualify for conventional loans. VA loan: Backed by the U.S.

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

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 95

Realty Biz

FEBRUARY 1, 2024

A credit in home sales can be given for several reasons. Essentially, seller credits are a form of financial incentive the seller provides to the buyer to help cover certain costs associated with purchasing a property. When a seller offers credits to a buyer, it can make the purchase more attractive.

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Purchase and sale agreement Closing costs VA loan FHA loan 78

HomeLight

SEPTEMBER 1, 2022

If this all sounds perfect and you’re thinking of purchasing a home in Connecticut, read on! With tips on everything from how to save for your down payment, specific loan programs for buyers, and what you should look for in an agent, we’ve got you covered. Steps to buying a home in Connecticut. Assess your readiness.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 111

HomeLight

AUGUST 12, 2022

“The first thing that’s important to distinguish is whether ‘as is’ comes from the seller or the buyer,” explains Monica Bullington , a top agent in Bloomington-Normal, Illinois, who works with over 85% more single-family homes than the average area agent. Median sales price in Illinois. Sell 'As Is' With a Cash Offer.

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As-is Purchase and sale agreement Inspection Investor 111

HomeLight

JULY 25, 2022

In Florida, the concept of selling a property without negotiating repairs is so alluring, that “the percentage of as-is sellers is probably 99%,” reports top real estate agent JoAnn Jacobs. Sellers are interested in listing their home ‘as is’ because they want a sale with an easy transaction and a lot less hassle,” says Tom.

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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. Ready to make Florida your home?

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Earnest money deposit FHA loan Title Purchase and sale agreement 106