HomeLight

OCTOBER 11, 2021

Instead, they have to get the bank to agree to forgive the difference between what they owe on the house and the agreed-upon sales price. With a short sale, the bank is the one accepting the offer,” he says. The bank is the one who will ultimately be losing money on the deal, so they have to approve it.” .

Short sale 101

Short sale Sales Banks Backup offer 101

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. Check out public auctions and foreclosures Another effective way to learn how to find cheap houses is by exploring public auctions and bank-owned foreclosures.

Debt-to-income ratio 38

Debt-to-income ratio Backup offer Finance Pre-approval 38

HomeLight

DECEMBER 31, 2020

It’s also important to avoid crossing dividing lines, like highways or vastly different neighborhoods, as those would not be included in a bank appraisal,” he says. You want to have a “backup offer” in case the regular listing process doesn’t work out. Understand your agent’s pricing strategy. Check the FHFA HPI calculator.

Backup offer 119

Backup offer Sales Agents Closing 119

First Team Real Estate

DECEMBER 14, 2020

We combine our best-in-class, bank-grade pricing software with our human experience to get closer to your home’s true value than any other online tool. Pricing Your Home. Our Strategy. What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market.

Brokerage 105

Brokerage Backup offer Staging MLS 105

HomeLight

DECEMBER 30, 2021

The appraiser is simply a third-party professional who comes to the property to make sure the bank is lending on a property that is actually there, has the size and features (bedrooms, baths, etc.) This protects the lender in case the buyer later defaults on their mortgage and the lender has to foreclose on the property.

Loans 119

Loans Agents Inspection Closing 119

Toronto Realty Blog

NOVEMBER 3, 2021

This was their opportunity to buy their next house in cash and bank savings that would set them up for the rest of their lives. I told the buyer agent with the backup offer what had happened and she laughed. “I’ve seen it all,” she said. “Good luck!” A bank statement?

Purchase and sale agreement 119

Purchase and sale agreement Closing Backup offer Agents 119

First Team Real Estate

DECEMBER 13, 2020

We combine our best-in-class, bank-grade pricing software with our human experience to get closer to your home’s true value than any other online tool. Pricing Your Home. Our Strategy. What sets First Team apart is our local, boots-on-the-ground knowledge of the Southern California real estate market.

Brokerage 40

Brokerage Backup offer Staging MLS 40

Lab Coat Agents

AUGUST 10, 2021

‍ Owner Financing – If your seller is ready to retire and wants to reduce capital gains taxes on their property, they may want to offer owner financing. They may also choose to offer financing if the property doesn’t qualify for bank financing. Under Contract ?

Branding 52

Branding Finance Backup offer Agents 52

Housing Wire

MARCH 21, 2025

If you have a backup offer, know the facts before switching to that deal. If you don’t have a backup offer, get a 2-week extension, so you have time to resolve the issues and still get to the closing table, then get to work. Could they borrow from a 401k to do this, or borrow from the bank of Mom and Dad to do this?)

Finance 369

Finance Debt-to-income ratio Backup offer Agents 369