Remove MLS Remove Pre-approval Remove Proof of funds
article thumbnail

Disincentive Program

BubbleInfo

A new $3,000,000+ listing hit the MLS this week that was offering a 1/2% commission to the buyer’s agent. They also noted that to show the property, buyer-agents needed to submit proof of funds (bank statement) and pre-approval letter plus a 24-hour notice was required.

article thumbnail

Navigating Bidding Wars During a Hot Real Estate Market

RIS Media

– Coming Soon: Homes that are listed as coming soon in your MLS are technically not allowed to be shown but can accept offers prior to showing. If the listing agent is allowed to disclose the other offers, make sure to obtain written approval from the seller before discussing this. This is not the case.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

11 Homeselling Myths, Debunked

The Close

After all, a new listing on the MLS gets the most attention in the first week. Selling a home is the same—it’s not just a sign in the yard and a posting on the MLS. Navigating the Selling Process Myth #8: Getting Pre-approved Should Happen After Finding Your Perfect Home House hunting can be exhausting.

article thumbnail

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

HomeLight

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Pre-inspection. Getting a pre-listing inspection can facilitate a quicker sale because it eliminates surprises – and gives the seller time to fix major flaws.

article thumbnail

How to Sell a House By Owner in Iowa: A Hawkeye State FSBO Guide

HomeLight

To give your home the most exposure, pay to have your home put on your local MLS ( multiple listing service ) -– a platform agents use to share properties with one another as well as major real estate sites. Only licensed real estate agents and brokers who are MLS members can post to the MLS. Not willing to pay for the MLS?

MLS 111
article thumbnail

Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. The HUD Home Store site is updated more frequently, while you may still see HUD properties on the MLS that are no longer available. You’ll either need a mortgage or cash (with proof of funds).

article thumbnail

How to Sell a House By Owner in Ohio: A Buckeye State FSBO Guide

HomeLight

If you choose to invest in a pre-listing appraisal, consider the differences and similarities of comps with the appraised value of your home to choose a price that will encourage activity (too high and it may seem out of reach to many buyers) but will also maximize your profit. Pay an agent to list your home on the MLS. Assist-2-Sell.

MLS 111