Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan. For example, if a home sale is contingent or pending, can you still make an offer? What does Contingent Mean?

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HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Preliminary title report. Pre-inspection. DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes, not legal advice.

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Realty Biz

JULY 1, 2023

Navigating the escrow process is a critical aspect of home buying, ensuring a secure and smooth transaction for both buyers and sellers. Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Selling your home can be a bumpy journey.

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HomeLight

JUNE 23, 2022

It is usually held in the broker’s or title company’s trust or escrow account until closing. DISCLAIMER: This blog post is meant to be used for informational purposes only, not legal advice. What is earnest money? Earnest money is often referred to as a “good faith” deposit. The typical amount is around 1% of the purchase price (ex. $5k

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HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? You simply request a cash offer from fully vetted cash buyers.

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Redfin

JULY 31, 2024

Prepare thoroughly : Improve your credit score, set a budget, and get pre-approved to streamline the home-buying process and secure a favorable mortgage. While lenders will pre-qualify you for a certain amount, it’s essential to ensure this fits within your overall financial picture.

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Realtor.com

JANUARY 2, 2023

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

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The Residential Specialist

JUNE 23, 2020

to streamline scheduling, Gmail Templates to create and send pre-written emails that quickly answer frequently asked questions, and Gmail’s Priority Inbox feature to automatically separate important emails from junk. REALTOR ® Mike DelRose Jr. Automation essentials. Automation is a means to an end—and that end is speed. Masterful marketing.

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HomeLight

SEPTEMBER 13, 2022

This means the buyer and seller have a pre-existing relationship of some kind (i.e. DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal or tax advice. Selling a house to a family member can be very rewarding. Selling a house to a family member can be very rewarding.

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Realty Biz

APRIL 8, 2024

This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. What Is a Mortgage Pre-Approval? Buying your first home is a big deal. What Can I Afford?

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Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. With that said, it’s recommended to work with a knowledgeable, local mortgage broker. “A

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Realtor.com

MARCH 10, 2021

When you are buying a home, you likely will start hearing some new real-estate and mortgage-related lingo, such as loan pre-approval, down payment, earnest money, escrow, closing costs, and more. There’s dreaming of buying a home—and there’s turning that dream into a reality. Fear not: There’s no need to get overwhelmed by the details.

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Easy Agent Pro

NOVEMBER 12, 2021

Is this a buyer who is dragging his/her feet getting pre-approved for a mortgage? Actually, the posts are evenly split between homeowner topics and buying and selling topics. . That said, the agent said he’d prefer that his clients learn about down payment assistance and other such topics. Therein lies the problem, or problems.

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HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. While it’s long been considered a hub for big tech, the Bay Area, which includes San Francisco, Oakland, San José, and Sonoma, is also family friendly, diverse, and rich in arts, culture, and history.

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HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. Looking to Buy Your Dream Home in San Diego?

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Point2Homes

JUNE 23, 2021

The best way to avoid this scenario is to get pre-approved with the lender selling that property. Even if your offer is taken into consideration, it can go through a lengthy approval process. Ideally, you should hire a company to run a full title search before closing to avoid unpleasant surprises.

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HomeLight

JANUARY 3, 2022

Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. But the right method comes down to personal preference more so than one method always being better than the other. Sellers then pick a move date, and can often close in as little as two weeks.

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HomeLight

NOVEMBER 9, 2021

For most transactions, the sale is contingent on factors specified in the contract, such as inspection , appraisal , and title search. But now you’ve made it: you have a buyer, an accepted offer , and you’re starting to exhale with much of the hard work behind you at last. How soon will I receive my home sale proceeds? California.

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Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). As interest rates are dropping , now may be the time to buy a house. Long-term goals Do you plan to live in an area for at least five years? 3,000/$7,000 = 0.42

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HomeLight

AUGUST 31, 2021

Clear title: The cash buyer will require a title search to make sure that you can convey the property free and clear of any clouds or judgments against the property, such as mechanic’s liens, unpaid taxes, or boundary encroachments. Plus, you’ll save money on things like commissions, repairs, and closing costs.”.

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Redfin

DECEMBER 15, 2023

Get pre-approved and secure your dream home Work with a lender to find the right loan for the home you love. Get pre-approved When is the right time to refinance your mortgage? In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic.

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Redfin

AUGUST 3, 2022

Determining how much house you can afford is the first step in the home buying checklist – setting a realistic budget will relieve stress in the long run and help narrow your home search. Owning a beautiful home you can call your own is a dream come true. But it doesn’t have to be this way. Let’s get started. Know how much you can afford.

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CT Homes

OCTOBER 28, 2021

When buying or selling a home, the topic of who pays closing costs is bound to come up eventually. Any real estate transaction will host numerous costs and fees that will be factored into the purchasing process on top of the property’s value. We’ll also settle once and for all who usually pays closing costs: the buyer or the seller?

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HomeLight

AUGUST 16, 2021

There’s a nervous energy as the unmistakable sound of an auctioneer’s chant fills the air, punctuated by a firm, “Going once, going twice, SOLD!” If you know anything about how to buy a house at auction, then you know that someone just became a homeowner. Where do home auctions take place, and how do I find one?

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The Close

FEBRUARY 19, 2025

Their short sale mortgage is said to be underwater, if they secure a buyer, they must get bank approval to proceed with the sale. A real estate short sale occurs when a homeowner sells their property for less than the outstanding mortgage balance with the lender’s approval. What Happens in a Real Estate Short Sale?

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HomeLight

AUGUST 16, 2021

The mortgage loan process is pretty messy! It’s easy to forget an important document when you’re busy looking at houses and figuring out which one best suits your needs and budget. If you’re a list person, then you appreciate the value of keeping track of your items. Identification. Source: (NATNN / ShutterStock). 1099 forms.

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Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets. As a seller, it’s important to be transparent in listing any issues with the home.

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HomeLight

MARCH 13, 2023

Looking for cash home buyers in Orlando? Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Need to Sell Your House Fast in Orlando? Receive your offer within a week and close in as little as 10 days. million people by 2030.

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Redfin

AUGUST 10, 2023

Getting a Loan Estimate doesn’t mean you’ve been approved or that you must proceed with a particular loan, it’s simply a form to help you understand all the information before you move forward in the process. A mortgage loan is often the largest and most expensive loan you’ll apply for in your lifetime. Is the interest rate locked?:

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Redfin

APRIL 21, 2023

From beachfront condos to suburban single-family homes, the state’s diverse real estate market can make deciding where to start your search challenging. Buying a home in Florida can be an exciting, yet daunting process. What’s it like to live in Florida?

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HomeLight

NOVEMBER 10, 2021

Her higher budget expanded her search radius. What’s still novel? How about trying to buy a house online? While the COVID-19 pandemic accelerated adoption of digital home shopping tools, they’ve been around for some time. It is possible for homebuyers to shop for and buy a house online in which they’ve never actually set foot.

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Redfin

SEPTEMBER 14, 2023

4: Hillsboro, OR Median home price : $542,900 Hillsboro, OR homes for sale For those searching for a suburban atmosphere with a strong sense of community, check out Hillsboro. Prepare to embark on an exciting journey to homeownership in the Beaver State. What’s it like to live in Oregon?

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Windemere Buying

JUNE 22, 2022

Getting pre-approved early on helps to streamline this part of the closing process. A title search will generate a report for you and your lender detailing the history of the home you’re buying to ensure there are no legal barriers against purchasing it. Once the purchase agreement is signed, it becomes legally binding.

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Windemere Buying

AUGUST 31, 2022

Even if you are pre-approved for your mortgage , you may not be able to obtain the right loan for the home. It’s possible, but a more likely home buying experience is marked by negotiation, counteroffers, and a back-and-forth dialogue between both parties to reach a deal. And in some cases, the deal can fall through.

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HomeLight

MARCH 16, 2023

Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? Receive your offer within a week and close in as little as 10 days. No showings, no repairs, no open houses.

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HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits.

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HomeLight

SEPTEMBER 16, 2021

You know your home’s worth and you’re ready to search for a qualified cash buyer. “A lot of sellers think selling a house ‘for cash’ means the buyer is going to show up with a briefcase full of money for them, but that’s not the case,” says Lucas Machado, a real estate investor and owner of House Heroes, LLC. “A How soon do you need to sell?

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