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5 Things Homebuyers Need To Know When Making an Offer

Keeping Current Matters

That’s why you should connect with a lender to get pre-approved for a loan early in the homebuying process. An agent can help you consider what levers you can pull that might be enticing to a seller, like: Offering flexible rent-back options to give the seller more time to move out. Know Your Numbers. Bottom Line.

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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

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. If something is wrong, you can request that it be fixed—or you can back out of the sale. Get final mortgage approval. Clear the title.

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5 Killer Tips For Beating a Cash Buyer

Realty Biz

You don’t want to hang your hat on a seller looking at a pre-approval letter from some no-name lender. Waive The Home Inspection. One of the bigger stumbling blocks in any home purchase is the home inspection. You’ll take a big worry off the seller’s plate by waiving the inspection. Is it risky?

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What to Do Before Offering on a Home

RIS Media

Buyers are waiving a home inspection. Allowing the seller to rent back for a specified amount of time. Many buyers will put in offers on homes that are contingent just in case the home of their dreams comes back on the market. . Get pre-approved for a mortgage. This one is a biggie.

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Reality Check: 9 Things to Expect When Selling Your Home

HomeLight

Your buyer’s loan approval is often the closing step that takes the longest. Do you need interim housing, a specific closing date, or a seller rent back ? Your buyer will use the home inspection report to leverage a deal. Renegotiate offer terms, if needed. Pay off any debts on the property. You accepted an offer !

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender. The inspection.

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I Want to Buy a House in 2021. How Much Should I Offer Over the Asking Price?

HomeLight

A step up from pre-qualification, preapproval often means the lender gives conditional approval, stating the size of the mortgage you’ve been preapproved for (though what constitutes a “preapproval” can vary from lender to lender). Get preapproved for a mortgage. Beyond that, think about how much you can put down.