Remove Pre-qualification Remove Purchase and sale agreement Remove Residential
article thumbnail

Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

When choosing a buyer's agent, consider factors like experience and qualifications. Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure.

article thumbnail

Key Differences Between Creative and Traditional Real Estate Investing

Realty Biz

It’s about working with a professional agent to narrow your search and help you navigate through the purchase process. It also requires qualifying for a bank loan based on passing a set of rigid qualification standards. It means proving you are pre-qualified for a loan before you know what house you might buy.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Sell a House by Owner in New Jersey

HomeLight

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

article thumbnail

Friday Headlines!

Toronto Realty Blog

The group also wants first-time homebuyers to have access to mortgage terms of up to 30 years for insured mortgages and recommended making mortgage qualification stress tests consistent for both insured and uninsured mortgages, setting the stress test level to two percentage points above the contract rate. “To March 24, 2022.

article thumbnail

Portland Home Inspections: What You Need to Know About Home Inspections in Oregon’s Largest City

Redfin

Roof leaks, mold, and wood rot are common issues, detectable in a pre-purchase inspection. Asbestos inspection: “When purchasing a home in Portland, OR, with plans for pre-move-in remodeling, it’s imperative to consult a licensed asbestos building inspector,” advises Asbestos Testing Portland, Oregon. “As

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.