The Close

FEBRUARY 6, 2024

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter. In fact, I suggest quite the opposite.

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Pre-approval Earnest money deposit Inspection Inspection contingency 76

HomeLight

MARCH 19, 2022

Few (or zero) repair requests, contingencies , or seller concessions. The buyer’s financial health (mortgage pre-approval, down payment size, etc.). Often, sellers are so comfortable living in their homes that they’re blind to its live-in condition. Communicate through the inspection and appraisal.

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Closing Due diligence Staging Agents 105

Redfin

MARCH 3, 2022

From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. For example, a termite inspection could show that there is damage that’ll require major repairs or the appraisal value of the home comes in lower than the price you offered on the home. Clouds on the title.

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Closing Title search Purchase and sale agreement Title 63

Windemere Buying

JUNE 22, 2022

The timeline for inspections during the closing process vary state to state. Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer. 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

HomeLight

DECEMBER 6, 2022

Not having agent representation could also lead to paying more in seller concessions. Murphy says some New Jersey towns offer full-day pre-K. Yet after the home inspection, they’ll ask the seller to fix the items even though the price reduction took them into account. Marketing your home is time-consuming.

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Purchase and sale agreement MLS Pre-approval Agents 103

HomeLight

MAY 25, 2023

Not having agent representation could also lead to paying more in seller concessions. Sellers should also keep in mind that while buyers can often get pre-approved for a mortgage at the click of a button on a website, they may not have submitted the documentation to guarantee that approval.

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MLS Pre-approval Agents Sales 105

The Close

FEBRUARY 20, 2024

This means you’ve got a pre-approval in hand and that you understand the importance of being flexible. Guidance for Sellers in a Buyer’s Market For those sellers in a buyer’s market, you must be strategic about selling your home. There may be disadvantages, like limited inspection objections and cash offer competition.

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Marketing Debt-to-income ratio MLS Pre-approval 98

HomeLight

SEPTEMBER 30, 2022

Not having agent representation could also lead to paying more in seller concessions. At least get the home inspection so that you can therefore transfer the liability to the home inspector and not yourself when you’re filling out a condition report. Invest in an appraisal or pre-inspection. Aaron Brunette.

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Purchase and sale agreement MLS Agents Inspection 104

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Buyers may get pre-approved for a mortgage at the click of a button on a website, but might not have submitted the documentation. Have the pre-inspection done so that you can be ahead of any potential issues,” Richter suggests.

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Purchase and sale agreement MLS Pre-approval Agents 102

HomeLight

DECEMBER 6, 2022

Not having agent representation could also lead to paying more in seller concessions. Oregon sellers (or their agents) need to know how to handle property disclosures, earnest money, inspections, and more. When you’re a seller selling by yourself, you don’t know what you don’t know,” Knipe says.

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MLS Agents Sales Inspection 105

HomeLight

DECEMBER 8, 2022

Not having agent representation could also lead to paying more in seller concessions. FSBO sellers might want to hire a home inspector for a pre-listing inspection to ferret out any major issues, such as a tired roof, then fix those items before going to market, she adds. Marketing your home is time-consuming.

MLS 105

MLS Agents Sales Inspection 105

HomeLight

NOVEMBER 10, 2022

Not having agent representation could also lead to paying more in seller concessions. FSBO sellers tend to be easier on themselves when it comes to preparing a home for sale, Genyk believes. Lalez suggests getting a pre-listing inspection. I check the buyer’s pre-approval by calling the lender.

Purchase and sale agreement 105

Purchase and sale agreement MLS Agents Pre-approval 105

HomeLight

NOVEMBER 14, 2022

Not having agent representation could also lead to paying more in seller concessions. Savvy” New York homeowners, according to Lajara, will also pre-screen buyers before showings to avoid tire-kickers or people whose needs simply won’t be met by the home. If so, how much are they pre-approved for?

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Purchase and sale agreement MLS Agents Pre-approval 103

HomeLight

APRIL 27, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Utah home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

MLS 104

MLS Agents Sales Mortgage pre-approval letter 104

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Louisiana home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Another thing is an inspection. Require everything in writing.

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MLS Agents Sales Land 105

HomeLight

OCTOBER 11, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Michigan home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. That buyer backed out during inspections over minor things.

Purchase and sale agreement 110

Purchase and sale agreement MLS Agents Sales 110

HomeLight

APRIL 13, 2023

Not having agent representation could also lead to paying more in seller concessions. He also says sellers should beware of anyone who wants an “owner carry” where the seller actually holds the mortgage. And then you have the contract, the paperwork, knowing how to talk to an appraiser, inspections, repair requests.

MLS 105

MLS Agents Sales Mortgage pre-approval letter 105

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Nebraska home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. It’s more than an accepted offer, inspections, and close on the house.

MLS 105

MLS Agents Sales Mortgage pre-approval letter 105

HomeLight

APRIL 27, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Kentucky home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Require everything in writing.

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MLS Agents Sales Mortgage pre-approval letter 95

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. Leslie Peterson. Real Estate Agent. Leslie Peterson.

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Pre-approval Marketing Inspection Finance 105

HomeLight

APRIL 29, 2022

If you list on Opendoor, they generally estimate a 5% service charge, 1% closing costs, and 0%-2% seller concession costs. Home Loans: You can use this service to get a free consultation with a home loan specialist, pre-approval for financing, and close on a home without hassle. Other services provided by Opendoor.

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Agents MLS Home sale contingency Closing 105