Windemere Buying

JUNE 22, 2022

However, celebrating at this stage in the buying process could leave you heartbroken if your offer isn’t accepted. Revealing what goes on behind the curtain in this critical stage of the buying process will help you understand what to expect next. Getting pre-approved early on helps to streamline this part of the closing process.

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Purchase and sale agreement Inspection contingency Backup offer Seller concession 52

Windemere Buying

OCTOBER 18, 2021

Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted. Getting a home inspection is a small investment and alerts you of any potential home disasters that may be on the horizon.

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Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

HomeLight

JUNE 21, 2022

After going through the stressful process of staging and showing your house, you’ve accepted an offer that exceeds your expectations. But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal.

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Inspection Purchase and sale agreement Pre-approval Inspection contingency 122

HomeLight

APRIL 29, 2021

Your buyer’s loan approval is often the closing step that takes the longest. In most cases, the buyer includes a home inspection contingency in their offer that allows them to walk away from the deal with their earnest money intact if you don’t agree to complete or pay for repairs. Renegotiate offer terms, if needed.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

HomeLight

MARCH 31, 2022

Addressing any issues upfront helps buyers have peace of mind when making an offer and helps to prevent inspection-related closing delays. 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. Get a pre-listing appraisal.

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Purchase and sale agreement Inspection Title Inspection contingency 111

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. Step 3: Declutter, clean, and stage your home. Closing date.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

Realty Biz

AUGUST 2, 2023

By enhancing the curb appeal, making necessary repairs and improvements, and staging your home for maximum impact , you can attract potential buyers and increase the chances of a swift sale. Staging Your Home for Maximum Impression Effective staging can help buyers envision themselves living in your home.

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Purchase and sale agreement Title Staging Inspection 93

HomeLight

NOVEMBER 9, 2021

The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. A buyer using a mortgage will most likely include the following contingencies (all of which have deadlines): Inspection contingency (note: this one is optional and buyers can choose to waive it).

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Purchase and sale agreement Home sale contingency Title search Inspection 105

HomeLight

MARCH 30, 2021

There’s a difference between the two stages. Pre-approval letters are usually good for 60 to 90 days, so don’t enter this stage until you’re serious about your home search. It’s in your best interest to shop around for good mortgage rates and terms prior to getting pre-approved. Line up your financing.

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Due diligence Inspection Title Pre-approval 105

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. Below are just some of the typical pre-listing preparations that Shapiro calls out as essential: Reduce clutter. Get a pre-listing inspection. Get the price right.

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Closing Pre-approval Inspection Days on market 122

HomeLight

SEPTEMBER 15, 2021

Pre-listing inspection report. Contingency removal form (CA-specific). Home inspection report. If a buyer’s mortgage lender requires a copy of the homeowners insurance, you’ll need to provide it for the loan to be approved. Give buyers time to conduct a lead inspection. Pre-listing inspection report.

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Purchase and sale agreement Inspection Title Pre-approval 116

HomeLight

JUNE 17, 2022

However, you can do other things, short of renovations, such as declutter , clean , and stage your home to showcase its best features and potentially get a higher price. We staged the house for him and he tells me, Elmer, I absolutely want to get $420,000 for this house and I’m not going to take anything under $420,000.”.

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Inspection Pre-approval Inspection contingency Renovation 111

HomeLight

OCTOBER 8, 2020

We know that a house that has fresh carpet and paint and is staged is also generally gonna sell for more money than a house that’s occupied with boxes and boxes of kids’ belongings. ” And fortunately, I had just been approved to be a Trade-In agent with HomeLight. So, they also had a large family and dogs.

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Agents Pre-approval Inspection Staging 98

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. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

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.

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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. Selling to a house flipper is an attractive option if you want to skip repairs and staging, but beware — home flippers turn large profits on houses by buying them for well below their market value.

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Inspection contingency Proof of funds Inspection Pre-approval 83

HomeLight

MARCH 23, 2022

If they have underwriting approval, versus just a preapproval, they’re a much stronger buyer than someone with just a preapproval letter. Once you’re preapproved, your offer on a home is more likely to be accepted because you’ve made it further in the mortgage approval process. Only include essential contingencies.

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Pre-approval Marketing Inspection Finance 105

Realtor.com

DECEMBER 7, 2019

But keep in mind: Even with a pre-approval letter , things can still go awry in the final lending stages (including the appraisal—see the next item). Contingency: Appraisal. Like a general inspection contingency, which gives you the right to void the contract, but not to ask for repairs.

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Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. About 1 percent of Redfin customers waived either a financing or inspection contingency last month. Under potential listings, there are about 12 Foreclosed and 2816 Pre-Foreclosure homes. Additionally, there are 673 homes for rent.

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