Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). Get pre-approved As you’re researching how to buy a house, you will want to get a mortgage pre-approval. What is a home inspection contingency?

Earnest money deposit 60

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 60

HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Pre-inspection. Getting a pre-listing inspection can facilitate a quicker sale because it eliminates surprises – and gives the seller time to fix major flaws.

Purchase and sale agreement 111

Purchase and sale agreement Pre-approval Inspection Title 111

Housing Wire

OCTOBER 2, 2024

Make sure your buyers understand the difference between being pre-qualified, pre-approved and loan-committed. In today’s market, having a pre-approval (at the minimum) is a must. Then, connect them with a trusted mortgage professional who can help them find the best mortgage solution for their specific needs.

Pre-approval 404

Pre-approval Inspection contingency Proof of funds Inspection 404

HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

Point2Homes

SEPTEMBER 30, 2021

The Buyer Is Not Pre-approved for a Loan. Although buyers are not required to be pre-approved for a loan in order to buy a house, expecting them to be is perfectly reasonable. As a seller, you will save valuable time when dealing with pre-approved buyers. If not, the deal falls through.

Pre-approval 98

Pre-approval Inspection contingency Proof of funds Due diligence 98

HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. Home inspection contingency. Home inspection contingencies may lead to further price negotiations , depending on what issues turn up. Still, there’s risk in any real estate transaction.”.

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Inspection contingency Proof of funds Inspection Pre-approval 83