Housing Wire

FEBRUARY 19, 2025

This typically includes: Recent pay stubs Last two years tax returns Recent bank statements Proof of any additional income or assets Discuss the budget Once you have the mortgage pre-approval, have an open conversation about your client’s financial situation. Negotiations: Prepare your clients for the possibility of counteroffers.

Closing 372

Closing Earnest money deposit Due diligence Pre-approval 372

Realty Biz

MAY 24, 2021

You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession. Today I no longer pick individual stocks or invest without deep due diligence in real estate deals.

Earnest money deposit 124

Earnest money deposit Hard money loan Seller concession Investor 124

Realty Biz

SEPTEMBER 4, 2023

You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession. Today I no longer pick individual stocks or invest without deep due diligence in real estate deals.

Earnest money deposit 85

Earnest money deposit Hard money loan Seller concession Investor 85

HomeLight

NOVEMBER 30, 2022

Different agents specialize in different types of properties, so Barnes says, a piece of due diligence for a buyer or seller would be to “ensure that the agent you’re looking to work with has performed transactions similar to the type of property that you’re looking to buy or sell.”. No special treatment! Gauge connections.

Agents 111

Agents Purchase and sale agreement Technology Seller concession 111

Redfin

MARCH 3, 2022

Make sure you know in advance how you will be getting a bank check or wire transfer, so you’re able to close on time. To avoid a delayed closing, you can ask the seller to complete the repairs before purchasing the home (if they can be done quickly) or request some form of seller concession to offset the cost of repairs.

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. You’ll still have selling costs, which may include transfer taxes and settlement fees. Overpricing or underpricing.

MLS 97

MLS Agents Sales Closing 97

HomeLight

NOVEMBER 23, 2022

Not having agent representation could also lead to paying more in seller concessions. However, cautions Raymond, “It’s a good start, but you also have to remember that the bank (financing a buyer’s loan) is going to do their own appraisal. Working with a buyer whose bank is short on appraisers, which can really slow down a deal.

MLS 104

MLS Agents Sales Closing 104