Keeping Current Matters

MARCH 15, 2021

The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Bottom Line.

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Inspection contingency Pre-approval Inspection Staging 333

Housing Wire

JUNE 24, 2021

” The process requires a pre-approval that once passed allow buyers to submit an all-cash offer with Accept.inc’s proof-of-funds. The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent.

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Equity Proof of funds Pre-approval Investor 418

Windemere Selling

MARCH 3, 2025

10 Important People in the Home Buying Process #2 Get Pre-Approved for a Mortgage Before getting serious about your hunt for a new house, youll want to choose a lender and get pre-approved for a mortgage (not just pre-qualifiedwhich is a cursory review of your financesbut pre-approved for a loan of a specific amount).

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Keeping Current Matters

JUNE 21, 2021

That’s why you should connect with a lender to get pre-approved for a loan early in the homebuying process. Freddie Mac explains: “ Resist the temptation to waive the inspection contingency , especially in a hot market or if the home is being sold ‘as-is’, which means the seller won’t pay for repairs. Know Your Numbers.

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Inspection contingency Pre-approval Inspection Rent back 327

Housing Wire

FEBRUARY 21, 2023

How origination modernization benefits lenders The mortgage application and pre-approval processes have been digitized for some time, to the benefit of borrowers and lenders alike. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

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Pre-approval Technology Title Loans 370

Lighter Side of Real Estate

MARCH 11, 2025

Heres what you should do before you even start looking at homes: Get Pre-Approved for a Mortgage: Knowing how much you can afford is critical. A mortgage pre-approval gives you a clear budget and shows sellers youre a serious buyer. Check Your Credit: Your credit impacts your loan approval and interest rates.

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Pre-approval Agents Debt-to-income ratio Inspection 91

Housing Wire

DECEMBER 8, 2023

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Course Options See Details Pricing AceableAgent’s prelicensing classes are ADRE-approved 90-hour real estate courses.

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HR Purchase and sale agreement Pre-approval Staging 434

Realtor.com

DECEMBER 30, 2021

Still, a potential buyer sends a roofer to check things out without your approval. Sending a professional to somehow inspect the condition of your home unannounced may seem a bit bold on the buyer’s part. “And all parties should have committed to and agreed to the inspections and their resolutions.”

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Inspection Pre-approval Agents Residential 93

Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer. Step 1: Get pre-approved for a mortgage. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

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Pre-approval Pre-qualification Due diligence Loans 143

HomeLight

MAY 27, 2021

And while you understand that a home inspection and appraisal are integral to selling your house, it’s easy to forget how these processes work. Costa is also the author of “ What Every Realtor Should Know About Home Inspections: A Guide to Avoiding Traps and Common Mistakes ”. What is a home inspection? What is an appraisal?

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Inspection Purchase and sale agreement Pre-approval Loans 105

HomeLight

OCTOBER 30, 2020

This response may irk you, but when it comes to the inspection, what you know can hurt you as a seller. Whoever paid for the inspection gets the report. But the inspection, including the report, are part of a legal business relationship between the buyer and the home inspector alone. Source: (Mika Baumeister / Unsplash).

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Inspection Pre-approval Branding Agents 101

Redfin

APRIL 4, 2025

Whether you’re selling a home in Denver, CO or a condo in Phoenix, AZ , a pre-listing appraisal can provide an accurate estimate of your homes value before it hits the market. What is a pre-listing appraisal? A pre-listing appraisal is a professional estimate of your homes value, completed before you put it on the market.

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Pre-approval Sales Agents MLS 69

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. Step 1: Complete the prelicensing education requirements Applying for an Ohio real estate agent license starts with fulfilling the 120-hour sales associate pre-licensing education requirement.

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Brokerage Pre-approval Agents As-is 459

BAM Media

MARCH 5, 2025

Waive Inspections (With Caution) Waiving inspections is high risk, high reward. Set a Threshold for Inspection Repairs If waiving inspections isnt an option, a threshold-based inspection can be a great middle ground. Ive had clients put the entire purchase price in escrow.

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Earnest money deposit Agents Inspection Marketing 66

Lighter Side of Real Estate

NOVEMBER 11, 2021

Homes are selling quickly—and if you don’t have your mortgage pre-approved before you start looking at homes, chances are, the home you want will be sold by the time you get your mortgage paperwork in order. If there are issues with the home inspection, the seller will take care of them. It’s a seller’s market.

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Pre-approval Inspection Marketing Mortgages 145

Realtor.com

NOVEMBER 11, 2022

monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Step 2: Qualify for a home loan or loan pre-approval. Step 1: Why financing is the key to buying a new home.

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Pre-approval Pre-qualification Debt-to-income ratio Loan Officer 131

Lighter Side of Real Estate

MARCH 5, 2025

With more options available, buyers feel less urgency and are more likely to walk away during the inspection period or contingency phase, especially if a more appealing home hits the market. A pre-approval is great, but a buyer with strong financial reserves and a history of stable income may be less likely to back out.

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Purchase and sale agreement Pre-qualification Pre-approval Inspection 77

Point2Homes

DECEMBER 7, 2020

Getting Pre-Approved. It’s always advisable to get pre-approved for a mortgage in any home purchase so you can make sure that you can actually get the loan that you believe your income justifies. Moreover, applying for pre-approval will ensure that you’re not wasting your time looking at homes that are over your budget.

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Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

Marco Santarelli

JANUARY 22, 2025

Here are some tips that I feel are crucial: For Buyers: Get Pre-Approved: Know your budget and get pre-approved for a mortgage before you start looking. Do your homework: Get property inspections done and understand all the costs involved in homeownership in Florida.

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New Construction Construction Pre-approval Design 98

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Your home inspection reports.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realty Biz

DECEMBER 23, 2022

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer. What Does a Home Inspection Include?

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Inspection Inspection contingency Pre-approval Closing 81

Realty Biz

JANUARY 29, 2022

But draining every bit of cash from your savings is a big mistake, especially when there are additional home-buying costs, including: A home inspection Closing costs Home insurance. Not Getting Pre-Approved. Get pre-approved for a mortgage. Choosing the First Bank That Approves You. What To Do Instead.

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Pre-approval Mortgages Closing costs Principal 124

Housing Wire

FEBRUARY 8, 2022

Bill Bymel, managing director at Spurs Capital , an investment manager specializing in distressed mortgages, said that about 15% of the overall portfolio during the pandemic contained non-communicative borrowers, up 50% compared to the same pool of borrowers pre-COVID. Still, monthly foreclosures were half the pre-pandemic levels. “We

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Loans Pre-approval Mortgages Principal 370

HomeLight

APRIL 23, 2025

HomeLights Simple Sale platform connects Lake Jackson sellers directly with pre-approved cash buyers, making the process quicker and less stressful. The process of a cash offer in Lake Jackson When you go the cash sale route, the buyer already has the money lined up no waiting on mortgage approvals or lengthy inspections.

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Pre-approval Inspection Land Sales 52

HomeLight

SEPTEMBER 30, 2020

“You have to wait for the current owner’s bank to approve the short sale,” says Jessica Sanchez, Director of Underwriting and Loan Management at HomeLight. On average, you can expect a short sale to take between 60 to 90 days before you get the bank’s approval on your offer.

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Short sale Loans Sales Pre-approval 138

Realtor.com

NOVEMBER 23, 2020

Getting pre-approved for a mortgage and securing financing are an essential first step when buying a home. Getting pre-approved for a loan is obviously important, but is there anything else they can do to put themselves in a good position?” Secure your financing as soon as possible.

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Pre-approval Finance Inspection Loans 145

Housing Wire

DECEMBER 7, 2023

After completing an approved course of study, you’ll be able to sit the state real estate exam. Colibri Real Estate is a state-approved real estate education provider with over 132 instructors experienced in Massachusetts real estate sales and teaching best practices.

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HR Pre-approval Brokerage Commercial 435

RIS Media

OCTOBER 29, 2020

When you are happy with what a lender is offering, you need to get pre-approval. A pre-approval letter will show real estate agents that you are a serious buyer who can get the loan needed, which could give you an advantage over other buyers. Home Inspections. You can attend the inspection if you want.

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Pre-approval FHA loan Inspection Closing costs 140

HomeLight

JUNE 21, 2022

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. While 18% of settlements are delayed, problems encountered during inspections hold up one in ten contracts. What is a home inspection?

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Inspection Purchase and sale agreement Pre-approval Inspection contingency 122

Redfin

MARCH 4, 2025

Step 1: Get pre-approved If you’re buying with a loan, include a pre-approval letter with your offer. A mortgage pre-approval can also reassure the letter that your financing is likely to be approved during closing. Combine inspections. Do some homework up front.

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Pre-approval Inspection contingency Agents Inspection 31

HomeLight

MARCH 4, 2025

This route eliminates many of the delays associated with listing a home, attracting buyers, and waiting for financing approvals. If you accept, you can close fast, avoiding the typical wait for mortgage approvals and inspections. You have several options if you need to sell a house fast in Richland Hills.

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Pre-approval Inspection Sales Closing 52

HomeLight

APRIL 9, 2025

HomeLights Simple Sale platform connects you with pre-approved cash buyers, helping you skip the usual headaches of listing, showings, and open houses. In Richardson, cash buyers come with the funds ready, allowing you to bypass common delays tied to mortgages and inspections.

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Pre-approval Inspection Sales Closing 52

Housing Wire

APRIL 22, 2024

I’d be happy to email you a copy of their pre-approval letter. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. I would love to find them a home that is not yet on the market! Are you considering selling your property? If so, please call or text me at (phone number).

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Brokerage Investor Agents Sales 467

Marco Santarelli

MARCH 20, 2025

As per reports, the East Coast markets have not yet recovered to pre-pandemic levels, which keeps the market pace snappy. If you're thinking about buying or selling in one of these hot markets, here's what you need to know: For Buyers: Get Pre-Approved: Having a pre-approval letter in hand shows sellers that you're a serious buyer.

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Pre-approval New Construction Marketing Inspection 52

Lighter Side of Real Estate

SEPTEMBER 18, 2023

So let’s take a look at 7 times a real estate agent may come across as pushy to a buyer, when they’re really just trying to help you: 1) Pushing You to Get Pre-approved Dick Movie 1999movie GIF from Dick Movie GIFs The pushiness seemingly starts the minute you start even looking for a house!

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Pre-approval Agents Inspection Mortgages 121

Lighter Side of Real Estate

SEPTEMBER 11, 2020

I hope they fail the inspection. First, make sure that you’re pre-approved well in advance, so when that dream house comes on the market, you’ll be ready to go. Go see it ASAP and put in an offer as soon as you can, and make sure to include your pre approval. I should call and schedule the movers just in case.”.

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Staging Pre-approval Inspection Design 135

Marco Santarelli

MARCH 22, 2025

Remember the days of rocketing prices, houses selling within hours of being listed, and having to waive inspections just to stand a chance? Heres my advice: Get your finances in order: Understand your budget, get pre-approved for a mortgage, and know what you can realistically afford. It was wild! But things are changing.

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Marketing Due diligence Pre-approval Inspection 92