HomeLight

FEBRUARY 28, 2022

But having a lot of equity in your home doesn’t mean you have immediate access to it – you’ll typically have to sell your house and close on it before you can use that money as a down payment on a new home. The challenge used to be getting a buyer to agree to allowing the seller to stay in the home past the closing date. Transactions.

Equity 126

Equity Debt-to-income ratio Loans Closing 126

HomeLight

AUGUST 31, 2021

From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. If sellers get paid at closing either way, why is cash better?

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

HomeLight

APRIL 29, 2021

You’ll simply show the house to a few buyers, pick the best offer, wait for closing, and pocket some cash. Closing can take more than a month. Your buyer’s loan approval is often the closing step that takes the longest. Ellie Mae estimates that it takes 46 days on average to close a loan. Landscaping: 100 %.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

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

HomeLight

MARCH 31, 2022

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. The financing approval and the inspection contingency are first-level contingencies,” Ballenger explained. “The The financing approval and the inspection contingency are first-level contingencies,” Ballenger explained.

Home sale contingency 104

Home sale contingency Sales Purchase and sale agreement Inspection contingency 104

Realty Biz

JULY 7, 2021

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. 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

RIS Media

APRIL 18, 2022

Buyers are waiving a home inspection. Allowing the seller to rent back for a specified amount of time. The requested closing date. Here are a few examples of what you might encounter: Bids are coming in significantly over the home’s asking price. Getting rid of the mortgage financing clause in their offer.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

HomeLight

FEBRUARY 4, 2022

Guide you through the steps of due diligence and inspections. Coordinate with the closing attorney and seller’s agent to finalize the sale. … and being able to close within a period of time that works for both you and the seller. What if you could sweeten the deal for a seller by offering them a rent-back clause ?

Agents 115

Agents Purchase and sale agreement Due diligence Inspection 115

Real Trends

MARCH 3, 2022

If you have clients that are thinking about offering, keep in mind that the offers we have already received are well above list price, have waived inspection and appraisal, and are willing to honor the Seller’s request of a free 60-day rent-back.”

Agents 104

Agents Due diligence Inspection Rent back 104

The Close

APRIL 28, 2022

Born from the needs of mortgage buyers to compete with cash buyers, cash lenders will buy a home with cash then allow the buyer to refinance or purchase the property after closing. Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized. Pay the Seller’s Closing Costs.

Rent back 105

Rent back Closing costs Finance Agents 105

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. If the buyer’s current home sells, the sale of the new home can proceed.

Home sale contingency 105

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

RIS Media

JULY 8, 2021

Agents can help buyers write the very best initial offer by contacting the listing agent to find out their preferred terms for closing dates and occupancy, rent backs if necessary, financing or cash options, so that they can put the best terms in their initial offer. Be relentless and resourceful.

Marketing 105

Marketing MLS Rent back Agents 105

Redfin

MAY 27, 2021

We offered over the list price, added lucky numbers in the offer amount, appraisal gap, waived the home inspection, offered free rent back to the sellers, and more,” said Denver Redfin agent Hunter Owens. With such a competitive housing market, waiving inspection and appraisal contingencies are becoming a standard practice.

Agents 66

Agents Rent back Inspection Closing 66

HomeLight

JANUARY 7, 2022

Your timeline: Do you have any flexibility around moving and closing dates? If your offer is accepted, your agent may also recommend a longer closing time, so you’re able to sell your home and use your equity for the down payment if possible. Enclave Team. Real Estate Agent. Enclave Team. Real Estate Agent at RE/MAX Results.

Equity 105

Equity Loans Debt-to-income ratio Closing 105

HomeLight

APRIL 21, 2022

According to a 2021 National Association of Realtors® survey, financing difficulties were responsible for 29% of closing delays and 10% of terminated contracts. If you accept it, your sale can close in as few as 10 days, often concluding with a moving date of your choosing. We’ll provide a no-obligation, all-cash offer within 48 hours.

Inspection contingency 111

Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

MARCH 28, 2022

Close in as little as 10 days. Otherwise, it’s possible that you would need to pay money at closing to settle up. Also known as a seller rent-back agreement or a holdover , this allows you to stay in your home for a designated period ?of Sellers have the ability to close in as little as 10 days. Request Offer.

Purchase and sale agreement 119

Purchase and sale agreement Agents Equity Staging 119

HomeLight

FEBRUARY 28, 2021

What if you could live in a Norman Rockwell painting, a slice of Americana closely tied to our nation’s capital? To help you close the deal on a home that fits your budget and lifestyle, we’ve put together this comprehensive guide with expert advice and insights from area real estate professionals. Others are leaving Washington, D.C.,

Earnest money deposit 105

Earnest money deposit Land Residential Inspection contingency 105

HomeLight

OCTOBER 1, 2020

Are you able to offer the seller more time to stay in the home, or suggest a rent-back agreement? With a rent-back agreement , the seller stays in the home post-closing, giving them more time and giving you leverage.). Can you offer to take care of more repairs from the inspection?

Purchase and sale agreement 98

Purchase and sale agreement Short sale Rent back Sales 98

HomeLight

JANUARY 4, 2022

iBuyers then allow the seller to close in as little as 10 days but can also provide longer move-out timelines for those who need the flexibility. These people may offer close to full list price, since they aren’t trying to make a profit on the property,” he says. You want certainty of the deal closing. Why sell to an iBuyer?

Investor 98

Investor Finance Inspection Sales 98

Redfin

JULY 30, 2020

Yaaran’s clients, who were at the time living in Virginia but planning to move back to the Seattle area for a job at Amazon, found their dream home after doing a video tour on FaceTime. They sent a Seattle-based relative to attend an in-person showing and the pre-inspection, submitted an offer at 6:20 p.m. Yaaran said. Methodology.

Inspection contingency 74

Inspection contingency Purchase and sale agreement Pre-approval Inspection 74

HomeLight

OCTOBER 12, 2020

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back. BEGIN CONVERSATION).

Agents 98

Agents Inspection Inspection contingency Pre-approval 98

The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. For example, many agents ask sellers to cover closing costs for their buyer clients. That could be a pretty sizable chunk of money from the seller’s profit.

Pre-approval 76

Pre-approval Earnest money deposit Inspection Inspection contingency 76

HomeLight

APRIL 19, 2021

Closing costs can range from 2.5% Inspections & attorneys. Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. One-bedroom apartments in co-ops can start at $700,000 in co-ops compared to $1.2

Earnest money deposit 89

Earnest money deposit Inspection Due diligence Agents 89

Hank Miller Team

FEBRUARY 27, 2022

Princes are conventional loans with as much down as possible Offer 3-4 in earnest money and deposit it within a day of contract Waive contingencies like inspection, appraisal, and financing Learn what is key to seller and try to accommodate them Keep things simple, no nonsense stipulations or asks This is the market right now (late 2/22).

Due diligence 52

Due diligence Rent back Inspection Loans 52

HomeLight

JANUARY 28, 2022

Not only do they guarantee a cash sale, but they also extend a no-obligation offer and will close on the sale within 30 days. A cash offer from a fix-and-flip investor typically is more guaranteed to close. With a traditional home sale it can take months to list, sell, and close. The home offer is guaranteed. Thomas Taranto.

Purchase and sale agreement 111

Purchase and sale agreement Investor Agents Sales 111

HomeLight

OCTOBER 5, 2020

And winning often comes down to something other than price or closing date. Matt: I think in a normal market… Tell me if I’m wrong, but my impression is that in a normal market, of those elements of the offer, price and maybe close date might be the most important pieces.

Agents 97

Agents Backup offer Inspection Rent back 97

Redfin

MAY 7, 2021

You can typically close within 10 to 60 days after accepting the iBuyer’s offer. Buyers are often willing to offer incentives to close the deal, and they might be more flexible on the timing. You can also consider requesting a rent-back agreement from potential homebuyers. 5) Turn your home into an investment property.

Purchase and sale agreement 80

Purchase and sale agreement Marketing Equity Loans 80

HomeLight

MAY 24, 2021

If this is the case, you can offer a rent-back arrangement , allowing the seller to stay in the home as a renter for a specified timeframe after closing. These days, “the winning offers that we’re seeing in this market are doing an inspection for informational purposes only,” Strum says. Can you even pay in cash ?

Pre-qualification 111

Pre-qualification Pre-approval Purchase and sale agreement Loans 111

HomeLight

SEPTEMBER 11, 2020

That means buyers who want to close a deal need to come prepared with their A-game when it comes to making an offer. Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? Decide where you can be flexible. No sales contingency?

Earnest money deposit 98

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 98

HomeLight

DECEMBER 14, 2021

How many sales did they close in the last few months? If you email that agent to set up any sort of time or call them and they don’t answer or email you back promptly, it tells you how your sale is going to go. It could be the close date, repairs, or a rent back period. Do they have sales or listings pending?

Pre-qualification 111

Pre-qualification Earnest money deposit Agents Days on market 111

Redfin

FEBRUARY 2, 2021

Earnest money protects the home seller in case a buyer backs out of a home sale after the offer was accepted. Unless a homebuyer backs out due to something coming up in a home inspection or appraisal, the seller will get to keep the earnest money. 9) Be willing to make concessions during negotiations.

Pre-approval 66

Pre-approval Purchase and sale agreement Marketing Inspection contingency 66

HomeLight

DECEMBER 14, 2021

How many sales did they close in the last few months? If you email that agent to set up any sort of time or call them and they don’t answer or email you back promptly, it tells you how your sale is going to go. It could be the close date, repairs, or a rent back period. Do they have sales or listings pending?

Earnest money deposit 105

Earnest money deposit Agents Days on market Sales 105

HomeLight

MARCH 22, 2021

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back. BEGIN CONVERSATION).

Agents 75

Agents Inspection Inspection contingency Pre-approval 75

HomeLight

MARCH 15, 2021

And winning often comes down to something other than price or closing date. Matt: I think in a normal market… Tell me if I’m wrong, but my impression is that in a normal market, of those elements of the offer, price and maybe close date might be the most important pieces.

Agents 81

Agents Backup offer Inspection As-is 81

HomeLight

MAY 24, 2022

Among survey participants, 23% agreed to a closing timeline preferred by the seller which would be more convenient if you’re waiting to move into your new house. Ask buyers to rent back if you need more time to find the right property or rent another home until you do. Buyer concessions offer convenience and savings.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

APRIL 29, 2021

The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. For example, in 2017, a competitive housing market in Western Washington prompted “serious buyers” to waive home inspections and financing contingencies. Source: (yi sk / Unsplash).

Marketing 111

Marketing Sales Agents Construction 111

Marco Santarelli

MAY 4, 2023

By offering a flexible closing timeline and allowing the sellers to rent back the home or vacate the property at their pace, you may have a better chance of winning the bid. Strategy 5: Offer Compelling Terms Bidding wars aren't only won on price; terms also matter.

Sales 52

Sales Pre-approval Investor Renovation 52