Realty Biz

MAY 1, 2022

When trying to compete with cash offers, getting a bank letter at your maximum loan amount is helpful. Getting a bank letter from a reputable lender is also a significant plus. Waive The Home Inspection. One of the bigger stumbling blocks in any home purchase is the home inspection. Let The Seller Rent Back The House.

Purchase and sale agreement 145

Purchase and sale agreement Rent back Inspection Pre-approval 145

Realtor.com

DECEMBER 10, 2020

In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale.

Closing costs 142

Closing costs Inspection Closing Rent back 142

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. If something is wrong, you can request that it be fixed—or you can back out of the sale. Your home inspection reports.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Marco Santarelli

AUGUST 12, 2024

The allure of lower home prices, coupled with a family-friendly environment, has drawn many buyers looking to settle down without breaking the bank. “Oshkosh is a very nice town with a much lower cost of living than Milwaukee or the Upper Valley,” says Kate Schlagel-Grier, a local real estate agent with Berkshire Hathaway HomeServices.

Marketing 98

Marketing Rent back Inspection Branding 98

HomeLight

AUGUST 31, 2021

From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan.

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

Realty Biz

JULY 7, 2021

The preapproval letter is based on the lender reviewing and confirming your W-2s, bank statements, credit score, and other relevant documentation. One contingency that is almost always wise to include is a home inspection to be sure you aren’t buying a major problem that you aren’t aware of. Require a minimal home inspection.

Inspection contingency 87

Inspection contingency Marketing Inspection Rent back 87

HomeLight

NOVEMBER 10, 2021

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

Inspection 98

Inspection Title Agents Pre-approval 98