Realty Biz

JANUARY 19, 2024

This documentation will be necessary when applying for a mortgage pre-approval. It's advisable to reach out to multiple lenders and obtain pre-approval. Again, local market conditions determine whether you can get any seller concessions. Next, examine your credit score and history.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

SEPTEMBER 30, 2021

If they are unwilling to budge on price, you can also renegotiate seller concessions. This strategy works if the seller has paid off their home in full and sees value in receiving regular monthly payments, which are essentially a passive income stream. MLS printouts of these comps with sales data and seller concessions.

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Pre-approval Seller concession Finance Banks 98

HomeLight

OCTOBER 20, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Austin. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Austin agents will tell you that a lower price is better than a seller concession.

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Seller concession Purchase and sale agreement Closing costs Inspection 110

HomeLight

NOVEMBER 7, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Houston. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Houston agents will tell you that a lower price is better than a seller concession.

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Seller concession Purchase and sale agreement Closing costs Inspection 104

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.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

BAM Media

JULY 31, 2024

Compensation, Commission: Separate the listing agent’s commission from any buyer concessions and state it as a dollar amount or hourly rate. Seller Concessions: Indicate a willingness to negotiate concessions without specifying dollar amounts for buyer agent compensation.

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Purchase and sale agreement Pre-approval Seller concession Title 52

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. We have six must-have real estate buyer’s agent checklists ready for you.

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Marketing Debt-to-income ratio MLS Pre-approval 96

Windemere Buying

JUNE 22, 2022

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. The timeline for inspections during the closing process vary state to state.

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Purchase and sale agreement Inspection contingency Backup offer Seller concession 52

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. Delayed approvals from Homeowners Associations. Clouds on the title.

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Closing Title search Purchase and sale agreement Title 63

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. An all-cash offer. Source: (Anouk Doe / Pexels).

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Closing Due diligence Staging Agents 105

HomeLight

MAY 28, 2021

While deals and seller concessions may be tough to come by, there are a few things you can do to make a competitive offer. Increasing your down payment , upping the earnest money , and obtaining pre-approval from a local lender can also improve your offer.

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Inspection Seller concession Pre-approval Agents 93

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

HomeLight

OCTOBER 11, 2022

Not having agent representation could also lead to paying more in seller concessions. To protect your home, yourself, and your family, have a pre-approval process that includes: Requiring the buyer’s identification. Requiring the buyer’s pre-approval letter or proof of funds. We get attacked.

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MLS Purchase and sale agreement Pre-approval Agents 111

HomeLight

OCTOBER 1, 2022

Not having agent representation could also lead to paying more in seller concessions. But that said, he urges FSBO sellers to ensure that prospective buyers have pre-approval and proof of funds. He says asking for pre-approval letters is key. Marketing your home is time-consuming.

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MLS Pre-approval Agents Sales 111

HomeLight

FEBRUARY 8, 2023

Seller concessions: Depending on whether issues are found during the home inspection process, the seller may have to come up with funds at closing to cover any necessary repairs. It may be worthwhile to get a pre-listing inspection to rule out any major issues.

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Purchase and sale agreement Inspection Investor Agents 105

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. She cautions that buyers can get a pre-approval letter online that’s not worth the paper it’s written on. Marketing your home is time-consuming. List your home online.

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Purchase and sale agreement MLS Pre-approval Agents 103

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 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

SEPTEMBER 30, 2022

Not having agent representation could also lead to paying more in seller concessions. Invest in an appraisal or pre-inspection. In Wisconsin, however, Brunette says that FSBO sellers ordering their own appraisals is not currently a common practice. Marketing your home is time-consuming. Require everything in writing.

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

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

MARCH 13, 2022

Not having agent representation could also lead to paying more in seller concessions. Before signing anything, here are key considerations: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming. Source: (Spacejoy / Unsplash). See the next step!).

MLS 105

MLS Agents Mortgage pre-approval letter Sales 105

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. You’ll still have selling costs, which may include transfer taxes and settlement fees. See the next step!)

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MLS Agents Sales Proof of funds 97

HomeLight

DECEMBER 6, 2022

Not having agent representation could also lead to paying more in seller concessions. However, a pre-listing inspection can turn up issues of which you’re unaware, saving you time and money by handling any necessary repairs before a buyer enters the mix. Marketing your home is time-consuming. Require everything in writing.

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MLS Agents Sales Inspection 105

HomeLight

OCTOBER 14, 2022

Not having agent representation could also lead to paying more in seller concessions. An attorney can help sellers put the contract together and educate you on how to handle everything correctly.”. They haven’t been pre-qualified and you don’t know if they’re legit buyers.”. Marketing your home is time-consuming.

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Purchase and sale agreement MLS Seller disclosure Agents 110

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. Marketing your home is time-consuming. Require everything in writing.

Purchase and sale agreement 110

Purchase and sale agreement MLS Agents Sales 110

HomeLight

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Maryland 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 100

MLS Agents Mortgage pre-approval letter Sales 100

HomeLight

DECEMBER 8, 2022

Not having agent representation could also lead to paying more in seller concessions. I actually provide all my sellers what lenders require,” so they can check for items such as chipped paint, faulty plumbing, and so on, Wood says. Marketing your home is time-consuming. This gives them time to handle minor repairs.

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MLS Agents Sales Closing 105

HomeLight

NOVEMBER 23, 2022

Not having agent representation could also lead to paying more in seller concessions. So keep in mind that your own appraisal is not a guarantee of how much a buyer will pay, nor how much a bank will approve. Marketing your home is time-consuming. It’s just an opinion backed by their facts.” Make sense of the research.

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MLS Agents Sales Closing 104

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

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Mississippi 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 102

MLS Agents Sales Mortgage pre-approval letter 102

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. Marketing your home is time-consuming. Require everything in writing. Remember, you can counter-offer and negotiate.

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 Louisiana 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 Land 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. Marketing your home is time-consuming. Require everything in writing.

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.

MLS 95

MLS Agents Sales Mortgage pre-approval letter 95

HomeLight

DECEMBER 13, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Virginia 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.

Purchase and sale agreement 105

Purchase and sale agreement MLS Agents Sales 105

HomeLight

OCTOBER 14, 2022

Not having agent representation could also lead to paying more in seller concessions. Here are key considerations when considering an offer on your Illinois 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 102

MLS Agents Sales Mortgage pre-approval letter 102

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