Keeping Current Matters

MARCH 15, 2021

The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Here are five tips for success in this critical stage of the homebuying process.

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Housing Wire

FEBRUARY 21, 2023

How origination modernization benefits lenders The mortgage application and pre-approval processes have been digitized for some time, to the benefit of borrowers and lenders alike. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork. Today is a different day.

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Keeping Current Matters

JUNE 21, 2021

That’s why you should connect with a lender to get pre-approved for a loan early in the homebuying process. Freddie Mac explains: “ Resist the temptation to waive the inspection contingency , especially in a hot market or if the home is being sold ‘as-is’, which means the seller won’t pay for repairs. Brace for a Fast Pace.

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Housing Wire

DECEMBER 6, 2024

Its up to us as agents to stay engaged and stay in contact with our clients. Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Lets dive in! Summary What is a real estate newsletter? Why send a regular real estate newsletter?

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Housing Wire

FEBRUARY 19, 2025

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

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Housing Wire

DECEMBER 8, 2023

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. When you buy through our links, we may earn a commission. Are you looking to get licensed as a real estate agent in Arizona?

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Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. Step 1: Complete the prelicensing education requirements Applying for an Ohio real estate agent license starts with fulfilling the 120-hour sales associate pre-licensing education requirement.

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Housing Wire

APRIL 22, 2024

Emails are easily forgotten, end up in the spam folder, or are never opened at all — but a letter in the mail ensures you occupy your audience’s mindshare for much longer. Direct mail is a memorable way to stand out among cold callers and social media influencers. It’s an effective strategy to add to (and amplify) your other prospecting activities.

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HomeLight

MAY 19, 2022

Looking to sell a house “as is” in Maryland? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. There are some misconceptions about what “as is” means, says top-rated Maryland real estate agent Juan Umanzor. “I They want to sell as-is.”. Request Cash Offer.

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Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer. Step 1: Get pre-approved for a mortgage. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

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Realtor.com

DECEMBER 30, 2021

Still, a potential buyer sends a roofer to check things out without your approval. Sending a professional to somehow inspect the condition of your home unannounced may seem a bit bold on the buyer’s part. “And all parties should have committed to and agreed to the inspections and their resolutions.”

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Housing Wire

DECEMBER 7, 2023

After completing an approved course of study, you’ll be able to sit the state real estate exam. Colibri Real Estate is a state-approved real estate education provider with over 132 instructors experienced in Massachusetts real estate sales and teaching best practices. out of 5 stars Rating: 4.5

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HomeLight

MAY 27, 2021

And while you understand that a home inspection and appraisal are integral to selling your house, it’s easy to forget how these processes work. Costa is also the author of “ What Every Realtor Should Know About Home Inspections: A Guide to Avoiding Traps and Common Mistakes ”. What is a home inspection?

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Housing Wire

FEBRUARY 8, 2022

Bill Bymel, managing director at Spurs Capital , an investment manager specializing in distressed mortgages, said that about 15% of the overall portfolio during the pandemic contained non-communicative borrowers, up 50% compared to the same pool of borrowers pre-COVID. Larry Goldstone is tired of being ghosted. We know who the borrowers are.

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HomeLight

AUGUST 12, 2022

Looking to sell a house “as is” in Illinois? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. If a seller or an agent lists the property “as is” then the label can carry implications. They anticipate getting a great offer or multiple offers on their homes.

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HomeLight

DECEMBER 7, 2021

Whether you’re buying, selling, or refinancing a home, you’re probably going to have to endure a home inspection. It can necessitate a lot of preparation and cause a certain amount of anxiety, but a home inspection is an important part of the process when you’re selling a home. But what’s inspected? Prepare for an inspection.

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HomeLight

OCTOBER 30, 2020

This response may irk you, but when it comes to the inspection, what you know can hurt you as a seller. Whoever paid for the inspection gets the report. But the inspection, including the report, are part of a legal business relationship between the buyer and the home inspector alone. Source: (Mika Baumeister / Unsplash).

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HomeLight

MAY 23, 2022

Looking to sell a house “as is” in Massachusetts? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. This includes houses that may require a bit of TLC. “If Sell 'As Is' With a Cash Offer. Skip repairs and close in as few as 10 days. Request Cash Offer.

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Realtor.com

NOVEMBER 11, 2022

monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Step 2: Qualify for a home loan or loan pre-approval. Step 1: Why financing is the key to buying a new home.

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Point2Homes

DECEMBER 7, 2020

Getting Pre-Approved. It’s always advisable to get pre-approved for a mortgage in any home purchase so you can make sure that you can actually get the loan that you believe your income justifies. Image: Andy Dean Photography / Shutterstock.com. Getting the Right Help.

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Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Clear the title.

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HomeLight

SEPTEMBER 30, 2020

“You have to wait for the current owner’s bank to approve the short sale,” says Jessica Sanchez, Director of Underwriting and Loan Management at HomeLight. On average, you can expect a short sale to take between 60 to 90 days before you get the bank’s approval on your offer. What’s a short sale ?

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Realtor.com

NOVEMBER 23, 2020

Getting pre-approved for a mortgage and securing financing are an essential first step when buying a home. Getting pre-approved for a loan is obviously important, but is there anything else they can do to put themselves in a good position?” Lots of it, in fact. ® chief economist Danielle Hale. .

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Realty Biz

JANUARY 29, 2022

But draining every bit of cash from your savings is a big mistake, especially when there are additional home-buying costs, including: A home inspection Closing costs Home insurance. Not Getting Pre-Approved. Get pre-approved for a mortgage. Choosing the First Bank That Approves You. What To Do Instead.

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Realty Biz

DECEMBER 23, 2022

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer. What Does a Home Inspection Include?

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HomeLight

DECEMBER 10, 2021

Also, an as-is sale doesn’t preclude the buyer from inspecting the property. Whether you sell as is or not, the buyer has the right to inspect the home (within the terms of the purchase agreement ) for potential defects. That’s why Batterman recommends a seller pre-inspection. Selling a home “as is” has its perks.

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RIS Media

OCTOBER 29, 2020

When taking on any new project, the more you know and understand, the better things are likely to go. The same is true when buying a home for the first time. With our first-time buyer tips, you should be able to avoid many of the problems that can prevent your purchase from going well. Renting an apartment is a lot different than owning a home.

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HomeLight

JUNE 21, 2022

But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal. While 18% of settlements are delayed, problems encountered during inspections hold up one in ten contracts. What is a home inspection?

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Lighter Side of Real Estate

AUGUST 5, 2020

Ask an agent to go see houses before getting pre-approved. There’s no greater let down than finding a house you love, and finding out you can’t be approved for a mortgage in the price range of that house. Besides, many sellers and their agents won’t even consider your offer if you don’t include a pre-approval letter.

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HomeLight

JULY 30, 2024

Have you been considering a reverse mortgage but would like to relocate to a new city or downsize your home? Most people think of a reverse mortgage as an option to retire in place, but buying a home with a reverse mortgage is also possible. It can be a helpful starting point as you plan your next move. What is a reverse mortgage?

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Toronto Realty Blog

JUNE 2, 2021

They would be conditional on a lawyer’s review, a home inspection commissioned by the buyer (but paid for by the government…), satisfactory and guaranteed mortgage financing, a catch-all for unfettered “due diligence,” and a mandated ten-day cooling-off period where the buyer can change his or her mind for any reason.

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HomeLight

JANUARY 5, 2022

They help clients save money by representing both sides and a pre-arranged discount.”. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. This place is gorgeous! Single Family Homes.

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HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. Complete home inspection: 5-15 days. The buyer typically has 5-15 business days to complete the inspection after they sign the contract.

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Marco Santarelli

AUGUST 2, 2024

As we approach Autumn 2024, many prospective homebuyers are asking the pressing question: will Autumn 2024 be a good time to buy a house? The answer isn't straightforward, as the real estate market is influenced by various factors, including mortgage rates, housing inventory, and seasonal trends. Is Autumn 2024 a Good Time to Buy a House?

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HomeLight

JULY 25, 2022

While they typically report to people on the other side of the transaction, the appraisal and inspection report generated by these professionals can impact your bottom line. In the December 2021 survey, 19% of buyers waived the inspection contract contingency, down from its height of 27% in July 2021. Let the buyer beware.

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RIS Media

APRIL 8, 2022

While financing may be pre-approved, the process is complex. Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. Here’s all you should know about contingent sales as a potential home buyer.

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HomeLight

JUNE 9, 2023

These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. ” So, what does contingent mean in real estate?

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