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Selling Your Home? Here’s Why More Deals Are Falling Apart (And How to Keep Yours on Track)

Lighter Side of Real Estate

Contract Cancellations Are on the Rise According to recent data , more home sales are being canceled than in previous years. In January alone, over 41,000 home-purchase agreements fell through, representing 14.3% of all pending sales that month. Meanwhile, pending home sales have dropped. Thats up from 13.4%

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Trying to Find That Perfect Home? They Aren’t Always on the MLS

HomeLight

We’ve heard the stories about people who managed to make an offer on a house before it officially went up for sale, beating out all the other would-be buyers and scoring the home of their dreams. Most importantly, how can your real estate agent help you facilitate buying a house before it’s listed for sale? Investors with tenants.

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Why You Still Need an Agent to Buy a New House

HomeLight

We talked to agents, builders, and other top industry experts to develop this guide that’ll help you make the most out of working with an agent on your new-home purchase and to find out what they can do for you. Purchase contracts aren’t standard legal boilerplate. Decoding the fine print of new-construction paperwork.

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Friday Headlines!

Toronto Realty Blog

The group also wants first-time homebuyers to have access to mortgage terms of up to 30 years for insured mortgages and recommended making mortgage qualification stress tests consistent for both insured and uninsured mortgages, setting the stress test level to two percentage points above the contract rate. “To March 24, 2022.

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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

Source: (LinkedIn Sales Solutions / Unsplash). Qualify for this program sponsored by the Department of Housing and Urban Development (HUD) if you are an emergency medical technician, firefighter, K-12 teacher, or law enforcement officer. But if you don’t know how to get one, then you might feel daunted — even discouraged.

Loans 105
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Can I Sell My House to a Family Member at Below Market Value?

HomeLight

Financing hoops: You may face additional scrutiny from the lender if your buyer will use a mortgage for their purchase. The following resources may also be of assistance in your family sale: Real estate agent: For a reduced commission rate, an experienced agent can help minimize challenges and coordinate the sale. Get Estimate.

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This Checklist and Timeline Is Your GPS for Buying a House

HomeLight

The planning stage (1 to 3 years before purchase). “If you want to buy a house, you need to have money saved up,” says April Mason , an agent in Corpus Christi , Texas, who has completed 24% more sales than the average agent in her market. Pre-qualification is just an estimate of what size loan you might qualify for.