Remove Marketing Remove Pre-approval Remove Title search
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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

Mortgage pre-approval is an essential step when buying a house. It gives you a clear understanding of your budget and helps you make informed decisions when searching for properties. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Homes that are listed as pending or sold are officially off the market. . Other factors can also put a home back on the market. While financing may be pre-approved, the process is complex. Appraisals that are lower than expected may put a home back on the market. The title search reveals issues.

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How to Sell a House to a Friend So No One Feels Cheated: 11 Do’s and Don’ts

HomeLight

Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. An agent won’t need to offer their full level of service to include yard signs, digital marketing, and professional photography, but they can act as a neutral go-between to prevent strain or awkwardness during negotiations.

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

Realtor.com

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Clear the title. Get final mortgage approval.

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Understanding Mortgage Terms for Home Buyers

Realty Biz

Equity : The difference between the current market value of your home and the amount you owe on your mortgage. These can include title search fees, appraisal fees, attorney fees, and more. Pre-Approval : A written commitment from a lender stating the amount they are willing to lend to a borrower.

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What’s Required to Sell a House Without a Realtor?

HomeLight

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Many FSBO sellers will purchase a pre-listing appraisal. A professional appraisal will help determine the listing price based on fair market value.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

How your real estate agent markets your property when an offer has been accepted can have vital implications. They will also get their earnest money deposit back , and the home will go back on the market. Will they be marketing the home properly? Sometimes real estate markets heavily favor sellers.