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Buyers: Here’s Your Negotiation Strategy for When the Appraisal on a House Comes in Low

HomeLight

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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You Made an Offer on a House! Now: When Will You Hear Back?

HomeLight

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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Do I Accept the First Offer on My House, or Wait and See?

HomeLight

According to a 2021 National Association of Realtors® survey, financing difficulties were responsible for 29% of closing delays and 10% of terminated contracts. Depending on your selling circumstances, a cash offer from HomeLight’s Simple Sale platform may be the solution you need for a quick, confident sale. Real Estate Agent.

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Buying a House Online? How to Get it Done in 15 Steps

HomeLight

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. A good agent will reach out to the seller’s agent and ask about non-financial perks, such as a flexible closing timeline or rent-back period, that could seal the deal.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

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?

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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Buyers may also throw in deal sweeteners such as a seller rent back , which allows you to stay in the home (renting from the buyer for a period of time) after closing.

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Thinking About Writing a Love Letter to the Seller of Your Dream Home? It’s Not Always a Good Idea

HomeLight

Explaining why you want the house — you love the neighborhood, or it’s close to the grandparents — helps sellers visualize someone else living in their old home. Pre-foreclosure or short sale transactions. Someone facing a foreclosure or who has negotiated a short sale with their lender could have a very negative reaction.