Realty Biz

MARCH 14, 2021

residential real estate market has proved to be a real test for iBuying companies. The iBuying business model sees companies such as Opendoor and Zillow give people a way to sell their homes quickly. Should the client fail to win approval for a mortgage later, Opendoor will go ahead and buy the home for cash anyway.

Pre-approval 101

Pre-approval Home sale contingency Title Renovation 101

Realty Biz

AUGUST 22, 2022

In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency. Your question is very timely as the residential market is transitioning away from being a seller’s market to being a more balanced market.

Purchase and sale agreement 95

Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 95

Realty Biz

MARCH 8, 2021

Once pre-approval has been secured, Opendoor will then pair buyers with one of its affiliated real estate professionals who will review their offer before submitting it on their behalf. Opendoor will then back that offer with cash, meaning buyers can submit their offer free of financing, appraisal or home sale contingencies.

Home sale contingency 73

Home sale contingency Pre-approval Finance Loans 73

HomeLight

JUNE 30, 2021

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.

Purchase and sale agreement 98

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. These include: Seller’s property disclosure (residential).

Purchase and sale agreement 115

Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

MARCH 31, 2022

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. A pre-sale inspection also won’t necessarily stop a buyer from procuring their own independent inspection before closing. Get a pre-listing appraisal.

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

NOVEMBER 21, 2022

Before signing anything, Richter says, “It’s important to open a dialogue with the buyer’s lender to verify they do in fact have the ability to purchase that home.”. Buyers may get pre-approved for a mortgage at the click of a button on a website, but might not have submitted the documentation. Require everything in writing.

Purchase and sale agreement 102

Purchase and sale agreement MLS Pre-approval Agents 102