HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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

Realty Biz

MAY 1, 2022

To make an informed decision, it’s important to understand the following: 1) What is the inventory of houses for sale? With bidding wars, it increases the odds the bank appraisal will come in less than the sales price. Give The Seller Their Desired Closing Date. Let The Seller Rent Back The House.

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Purchase and sale agreement Rent back Inspection Pre-approval 145

HomeLight

MARCH 31, 2022

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. Why would you want a home sale contingency?

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 104

Realtor.com

DECEMBER 10, 2020

But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In In this market, trying to negotiate a sales price probably won’t get you far.”. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale. Time to close.

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Closing costs Inspection Closing Rent back 142

HomeLight

JUNE 30, 2021

When you closed on your first home, you probably weren’t thinking that one day you’d want to sell. Getting the timing right — selling your old house, closing on a new house, and then moving into your new house — can be a challenge. This is why many buyers make offers on their new home that include a sales contingency.

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Rent back Inspection contingency Earnest money deposit Finance 105

HomeLight

APRIL 22, 2024

This means you might receive less money than you could through a traditional home sale. We’ll also highlight some reputable local companies and discuss alternative methods for a fast home sale. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses.

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Rent back Closing Sales As-is 111

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. Juggling the sale of one home and the purchase of another can be stressful even under the best of circumstances. Find Agent.

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Equity Debt-to-income ratio Closing Loans 126

HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. What is Offerpad?

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Seller concession Inspection Rent back Closing 115

Realty Biz

MAY 16, 2021

With existing home inventories super tight and competition among buyers for the few homes that are listed for sale, many have struggled to buy a new home before they leave the one they’re selling. I’d say a third of the current contracts being written have a rent-back of some length, and it’s usually free to the seller,” Marks said. “If

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Purchase and sale agreement Rent back Sales As-is 74

First Team Real Estate

MAY 21, 2021

According to recent data from NAR , home sales are receiving an average of 4 offers, and our FirstTeam agents regularly see bidding wars that capture upwards of 20 offers! Offer to Rent Back to the Sellers. When purchasing your home with a mortgage, your first payment isn’t actually due until a month after you close escrow.

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Purchase and sale agreement Rent back Marketing Agents 98

First Team Real Estate

MAY 25, 2021

Looking at sales and prices for April 2021, both rose in all counties across Southern California: Los Angeles County. Sales: Up 101%. Sales: Up 97.9%. Sales Up 80.8%. Sales: Up 66.9%. Sales: Up 74.1%. You are likely to pay little to no closing costs, no repairs, and cash out big. Orange County.

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Rent back Closing costs Sales Mortgages 98

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. The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. Landscaping: 100 %.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

HomeLight

APRIL 21, 2022

After listing your home for sale, you eagerly, nervously … anxiously await the news that someone wants to buy it. Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Eventually, the call comes.

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Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

JULY 29, 2022

Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Financing is simple: You can use the cash from your sale as a sizeable down payment. Transition via rent back. Get Estimate.

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Debt-to-income ratio Loans Rent back Agents 111

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. Here’s how it works.

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Rent back Closing costs Finance Agents 105

HomeLight

JANUARY 7, 2022

So, instead of stressing your way through two sales, you can set yourself up for success and have your bags packed for your new home in no time. They’ll also introduce you to options, such as a bridge loan or home equity line of credit, to assist in your sale if needed. Do you have a limited amount of time to complete both sales?

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Equity Loans Debt-to-income ratio Closing 105

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. Close in as little as 10 days. Otherwise, it’s possible that you would need to pay money at closing to settle up. You might consider a sale-leaseback agreement for a few weeks, she suggests. Get Estimate.

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Purchase and sale agreement Agents Equity Staging 119

HomeLight

OCTOBER 1, 2020

If the appraiser only looked at sold listings while there are pending sales that might be more comparable to your would-be property, that’s something else that can affect a home’s appraised value. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal.

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Purchase and sale agreement Short sale Rent back Sales 98

HomeLight

AUGUST 16, 2022

The National Association of Realtors® (NAR) reported in late July 2022 that “the housing market continues to show signs of cooling,” citing a consistent drop in home sales over the past five months. They have also shared that “home buying is now about 80% more expensive” as of June 2022 versus June 2019, pre-pandemic. Leanne Hester.

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Mortgages Fixed-rate mortgage Agents Rent back 135

RIS Media

APRIL 18, 2022

Look at recent sale prices, as well as neighborhood trends. Allowing the seller to rent back for a specified amount of time. The requested closing date. There’s no guarantee that the property you like will be available when you’re ready to make an offer. All real estate is local, after all. Final thoughts.

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Pre-approval Backup offer Due diligence Rent back 119

HomeLight

AUGUST 17, 2022

Asking the other agent how many offers they have, if there’s anything that might help with the offer — such as a particular closing date or a rent-back situation — I think you have to be a very creative agent right now. Leanne Hester. Real Estate Agent. Leanne Hester. Real Estate Agent at Liz Moore and Associates LLC.

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Mortgages Rent back Fixed-rate mortgage Banks 108

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 quick sale is a big plus to working with these buyers, but that sale could cost you in the long run. Need a quick sale? Sell Your Home Without Repairs, Staging, or Showings.

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Purchase and sale agreement Investor Agents Sales 111

RIS Media

JULY 8, 2021

For best results, host a training class or have a sales meeting discussion to review the following six buyer strategies designed to provide the highest value and achieve their buyer’s objectives for purchasing a home: Over-communicate how to compete as a buyer in today’s market. Be relentless and resourceful.

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Marketing MLS Agents Rent back 105

HomeLight

FEBRUARY 4, 2022

Source: (LinkedIn Sales Solutions / Unsplash). Coordinate with the closing attorney and seller’s agent to finalize the sale. … Unless you’re a real estate investor who deals with dozens of home sales every year, it’s going to be very difficult to learn as much about real estate as your agent already knows. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 115

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

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Investor Finance Inspection Sales 98

HomeLight

FEBRUARY 25, 2022

Ideal Agent is a website that researches national real estate sales data to find what they describe as the top 1% of agents in your local area. For small markets: closed at least 50 transactions in the last 12 months. For large markets: closed at least 100 transactions in the last 12 months. Save money on your home sale.

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Agents Pre-approval Loans Sales 105

HomeLight

SEPTEMBER 23, 2021

The time of year and market conditions you list your home in can significantly impact your sale speed and price. Nationally, data points to November as the best month to sell if you’re looking to maximize your sales price, and July is the best month if you’re looking to sell fast. Source: (Icons8 Team / Unsplash).

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Rent back Home sale contingency Sales Agents 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. Many automated valuation models lag actual sales data and could be outdated. You’re getting a feel for the market, and that quick sale just told you it’s probably a good area.

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Inspection Title Agents Pre-approval 98

Marco Santarelli

MAY 4, 2023

In this article, we'll examine a report published by Realtor.com on why turnkey homes for sale are still in demand and explore the reasons why some homes sell quickly while others sit unsold. Why Turnkey Homes for Sale are Selling Fast in 2023? Strategy 5: Offer Compelling Terms Bidding wars aren't only won on price; terms also matter.

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Sales Pre-approval Investor Renovation 52

HomeLight

AUGUST 31, 2021

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. If sellers get paid at closing either way, why is cash better? A cash buyer can close faster since there’s no waiting on funding. Updated August 31, 2021. The appraisal.

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Due diligence Inspection Pre-approval Pre-qualification 106

HomeLight

AUGUST 26, 2021

make a counter-offer (asking for a higher price, different dates on the closing timeline, or different terms or conditions, perhaps), or reject your offer — you will have to start over and make an entirely new offer if you still want this house. You might not hear back at all, that said! It’s a foreclosure or short sale.

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Short sale Banks Agents Rent back 105

HomeLight

DECEMBER 14, 2021

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Do they have sales or listings pending?

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Pre-qualification Earnest money deposit Agents Days on market 111

HomeLight

APRIL 27, 2022

You’ll get the estimated value of your home, the relevant parts of a comparative market analysis, a list of top local real estate agents, and an estimate on a cash offer through HomeLight’s Simple Sale platform. The best way to ensure that you’re setting the best price for your house sale is to work with a top agent.

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Renovation Agents Sales Rent back 105

HomeLight

JANUARY 28, 2021

While low inventory translates to a fast and lucrative sale for you as a homeowner, it also puts you in a tough position if you’re trying to buy a new home. Another option may be to negotiate a rent-back agreement with a buyer to stay in the home an additional 30-60 days past closing, giving you the time to line up your next place.

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As-is Purchase and sale agreement Agents Equity 105

Realtor.com

JANUARY 6, 2021

. “However, most prenup terms well exceed the final settlement in order to get a signoff on the divorce, and the properties are divvied up to avoid the appearance of a fire sale,” she says. Since this one is also close to some Kardashian family members, we bet it’ll slide her way. Wyoming ranch: West. realtor.com.

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Land Rent back Design Renovation 105

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

HomeLight

DECEMBER 14, 2021

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Do they have sales or listings pending?

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Earnest money deposit Agents Days on market Sales 105