HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. Loan approval. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. Requesting a reasonable decrease in the sale price based on the cost of repairs. Easy, right?

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HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

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HomeLight

JANUARY 12, 2022

24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition across the country.

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Closing Purchase and sale agreement Pre-approval Inspection 116

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Loans are between 3%-3.5% What is their timeline and what will make our offer stand out?”

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HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Loans are between 3%-3.5%

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Realty Biz

AUGUST 12, 2023

These can include title search fees, appraisal fees, attorney fees, and more. Loan-to-Value Ratio (LTV) : A ratio that compares the amount of the loan to the appraised value or sale price of the property, whichever is lower. Closing Costs : Fees and other costs that need to be paid when closing on a house.

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Purchase and sale agreement Mortgages Pre-approval Title search 97

HomeLight

OCTOBER 20, 2022

For Sale By Owner (FSBO). 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. Original sales contract. Many FSBO sellers will purchase a pre-listing appraisal. Preliminary title report.

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Purchase and sale agreement Pre-approval Inspection Title 111

HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

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Purchase and sale agreement Home sale contingency Title search Inspection 105

HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale? Lets begin!

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HomeLight

JUNE 23, 2022

It is simply a period of time that the buyer sets to secure financing approval from a lender for the purchase of the home. If they get a better offer, they can give the buyer a period of time (72 hours, for example) to either remove the Home Sale Contingency or cancel the contract. Title search reveals a lien or ownership issue.

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Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

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HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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Marco Santarelli

DECEMBER 20, 2020

Most newbie investors are perplexed with the question of how to find investment properties for sale? What is an investment property for sale? Let’s learn how to find investment properties for sale. How To Find Investment Properties For Sale: Search For Off-Market Deals. You make the money when you buy it.

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The Residential Specialist

JUNE 23, 2020

to streamline scheduling, Gmail Templates to create and send pre-written emails that quickly answer frequently asked questions, and Gmail’s Priority Inbox feature to automatically separate important emails from junk. Buck, for example, suggests using the in-email meeting scheduler Assistant.to Automation is how you do that.”.

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HomeLight

SEPTEMBER 13, 2022

This means the buyer and seller have a pre-existing relationship of some kind (i.e. If the IRS decides to audit the transaction, then you’ll have documentation to prove your home’s fair market value at the time of the sale. Any items in the home the buyer would like included in the sale (i.e. fixtures , appliances).

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Realty Biz

JULY 1, 2023

Providing documentation of pre-approval - Providing proof of pre-approval from a lender will show that they're ready and willing to lend money when needed during escrow. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.

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HomeLight

OCTOBER 29, 2020

Unless you’re paying cash for a house, your best course of action is to include a pre-approval letter from a mortgage lender with your offer. That being said, pre-approvals aren’t yet a guarantee of funds and they usually carry an expiration date. Sales contingency. Title and lien contingencies.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

JANUARY 29, 2021

Run a title search to surface liens or judgments attached to the property, such as unpaid taxes, a home equity line of credit, or a reverse mortgage. Meyer , an attorney whose decade-long practice includes probate, real estate, and title. See what a cash buyer would offer for your home with HomeLight’s Simple Sale.

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HomeLight

JANUARY 3, 2022

Top iBuyer companies include Opendoor, Offerpad, Redfin Now, and HomeLight (we offer iBuying services through our Simple Sale platform). An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. All of this takes time.

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Realtor.com

JANUARY 2, 2023

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

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Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. The home appraisal is lower than the sale price. Clouds on the title.

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HomeLight

JUNE 30, 2021

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

HomeLight

NOVEMBER 9, 2021

How soon will I receive my home sale proceeds? What taxes will I owe on my home sale? Escrow refers to a specific period of time between the offer and the close of sale in a real estate transaction. If you change your mind, you can try to use a contingency or cancelation clause within the contract to back out of the sale.

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Purchase and sale agreement Pre-approval Closing Title 106

Easy Agent Pro

NOVEMBER 12, 2021

Early in our sales careers we learn that leads need to be qualified to become prospects. Is this a buyer who is dragging his/her feet getting pre-approved for a mortgage? Not even the homeowner who is redecorating to stage a home for sale? Title search process and issues that may come up . Staging topics .

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Staging Pre-approval Title search Agents 115

Point2Homes

JUNE 23, 2021

Yet, the addendum can also specify that the sale must be closed by a set date. If the sale is not closed by then, you can find yourself paying a fee. The best way to avoid this scenario is to get pre-approved with the lender selling that property. Negotiating the price will be trickier. Are REOs Worth It?

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HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. You’ll still have official steps to complete and hiccups like a title defect can still arise. Why we recommend Simple Sale by HomeLight. Simple Sale is HomeLight’s version of an iBuyer service.

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HomeLight

MARCH 17, 2021

“If you want to buy a house, you need to have money saved up,” says April Mason , an agent in Corpus Christi , Texas, who has completed 24% more sales than the average agent in her market. Pre-qualification is just an estimate of what size loan you might qualify for. Complete the title review (about a week before closing).

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HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. Reserve auctions are similar to minimum-bid auctions in that there is a fixed price that must be met to finalize the sale, but a reserve price is kept under wraps, while a minimum bid is clearly stated. Source: (Willy Barton / ShutterStock).

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HomeLight

DECEMBER 7, 2021

Source: (LinkedIn Sales Solutions / Unsplash). Usually, it’s the buyer, but the seller may schedule a pre-inspection before listing the home. The buyer may have added contingencies in the offer whereby if the inspection revealed flaws, the buyer can back out of the sale. Sale moves forward to appraisal and closing.

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Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). Get pre-approved As you’re researching how to buy a house, you will want to get a mortgage pre-approval. It’s important to use your wish list to inform your home search.

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CT Homes

OCTOBER 28, 2021

Understanding who is responsible for paying these fees is crucial for properly valuing the sale as the buyer or seller. Especially for sellers who choose to leverage the payment of closing costs to quicken or simplify a sale, it can’t be assumed that the seller is getting off free within a successful transaction.

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Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets. As a seller, it’s important to be transparent in listing any issues with the home.

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Home sale contingency Inspection contingency Purchase and sale agreement Pre-approval 52

Realty Biz

AUGUST 2, 2023

Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. Setting the Right Price for a Quick Sale When selling your home quickly, one of the most critical factors is setting the right price. Overcoming common challenges is also vital.

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Purchase and sale agreement Title Staging Inspection 93

Redfin

AUGUST 3, 2022

Research mortgage options and get pre-approved for a home loan. They’ll also stay in touch with you every step of the way from pre-approval to closing day as well as for the lifetime of the loan.”. “A Once you have selected a lender you want to use and before you start looking at homes, get a mortgage pre-approval.

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HomeLight

AUGUST 16, 2021

As Richie Helali , mortgage sales leader at HomeLight Loans explains “You have to actually report the income. Smaller issues like court judgments can also result in not getting your mortgage approved. Some states require buyers to sign paperwork that discloses the price of the home and how much sales tax you owe. Bill of sale.

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Redfin

SEPTEMBER 14, 2023

The median sale price , currently at $511,100, has seen a modest decline of 1.7% However there are areas of the state where the sales prices are growing at a faster rate. 3: Portland, OR Median home price : $530,000 Portland, OR homes for sale Moving to Portland offers a unique blend of urban charm and natural beauty.

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