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From consultation to closing: The definitive homebuying checklist

Housing Wire

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours.

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Sun West unveils NFT loan powered by AI technology

Housing Wire

has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs). Loan originator and servicer Sun West Mortgage Co.

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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. Get final mortgage approval. Review your closing disclosure.

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10 Ways Agents Can Help Buyers Win More Offers in a Competitive Spring Market

BAM Media

Match the Sellers Ideal Settlement Date Many buyers overlook this, but flexibility on the closing timeline can be a game-changer. If the seller needs a quick close, line up financing to accommodate. A Strong Earnest Money Deposit A standard deposit is 5%, but serious buyers should consider going higher10%, 15%, or even more.

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How the Financing Contingency Works: Why Buyers Should Think Twice Before Waiving It

Redfin

It protects the buyers earnest money and limits their financial risk if their financing falls through. Even if youve been pre-approved , things like a low appraisal, a job loss, or changes in your credit can derail the loan process. This contingency gives you a legal out if something unexpected prevents you from closing.

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The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

Even when you have a signed contract you still need the inspection, appraisal, insurance and closing to go off without a hitch. There is a huge difference between a pre-qualification and a pre-approval. In most cases, the seller will opt to fix any minor updates either before the transaction or issue a credit at closing.

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Creative Ways To Win A Bidding War In A Competitive Market

Easy Agent Pro

Setting a Realistic Budget and Obtaining Pre-Approval Before engaging in bidding wars, creating a realistic budget is essential. Once you’ve established a budget, seek pre-approval from a reputable lender. Determine how much you can afford by considering income, expenses, and desired lifestyle.