HomeLight

OCTOBER 28, 2024

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. The 5-year rule is a general guideline many homeowners follow when deciding whether to sell their home. If the offer works for your situation, you can close in as little as 10 days.

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

HomeLight

NOVEMBER 29, 2021

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. Homeowners taxes. May need to show income and debt-to-income ratio.

Land 110

Land Closing costs Purchase and sale agreement Loans 110

HomeLight

JANUARY 27, 2021

For the majority of homeowners, this amounts to no more than a couple hundred dollars a month. Your lender is mostly thinking in terms of your DTI (debt-to-income ratio, or how much you pay toward debt each month versus how much you actually make). Understand how days on market affects your offer.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

The Close

DECEMBER 29, 2022

A homeowner can refinance their property for more than its value and take the added amount as cash. It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Days on market (DOM). Debt-to-income ratio (DTI).

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98