Remove Brokerage Remove Closing costs Remove Pre-approval
article thumbnail

Opinion: Reframing the American Dream of homeownership

Housing Wire

The role of real estate and mortgage professionals In times like these, the role of real estate agents , brokerage owners and lenders becomes even more critical. The question is whether it is becoming less attainable or merely obscured by market noise and confusion. Change is constant, and as professionals, we must adapt.

article thumbnail

13 Short Sale Tips So You Get a Dream Deal, Not a Nightmare Scenario

HomeLight

Many brokerages provide lists of short sales for interested buyers, so ask your agent to provide it. If not, some language in the listing might provide clues that they are in fact short sales, such as “subject to bank approval,” “notice of default,” or “headed for auction.”. Be ready to pay more in closing costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Find Short Sale Homes: A Guide for Buyers

HomeLight

Real Estate Agent at Coldwell Banker Residential Brokerage. And lenders may not want to pay all the fees that are normally part of the seller’s closing costs to save themselves some money because they’re already taking a loss. So you’re going to be waiting a long time — and you might never get approval.”. Transactions.

article thumbnail

How to Make an Offer on a House

Redfin

During your search, you may also find houses for sale by the owner (FSBO) or many more listed with a real estate brokerage. First, you’ll need a lender’s pre-approval for a mortgage to know the price range you can afford on a house. a copy of your pre-approval letter from your lender .

article thumbnail

What Is the Cost to Sell a House in Chicago?

HomeLight

The total cost to sell a house in Chicago depends on your specific situation. Closing costs. Many factors influence the cost of prepping your home for sale. Pre-listing inspection: $279-$400 , if desired or needed. We estimate that the average cost for you to prepare your home for sale in Chicago is $7,300.

article thumbnail

How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

Sometimes you’ll even find grants to help you with closing costs and down payments. Our America’s Home Grant program offers credits for closing costs, and Our Down Payment Grant covers down payments. Preapproval — an actual conditional loan approval — beats pre-qualification, which is more of an estimate.

Loans 105
article thumbnail

8 Surprising Lessons a Real Estate Editor Learned Buying Her First House

Realtor.com

I found an online brokerage, with no physical locations, that was offering lower rates with no points required, so I applied. When the offer the brokerage came back with was higher than what it had advertised online, I took a screenshot of the ad and asked the brokerage to match it. No big deal, right?