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Real Estate Information |
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Talk to a Lender Before You Sell Your Home
If you're looking to sell your home quickly, and for top dollar, the best thing you can do is to be able to offer your buyers some sound financing options. That's why developing a relationship with a lender can be the key to a quick sale, and to more money at closing. Some of your potential buyers will have already gotten themselves preapproved with a lender, but many won't, and being able to offer financing options will open up a number of possibilities for selling your home. The easier you can make finding a loan for your potential buyers, the better your chances of selling your home. Find out what type of loans are available at your local lending institutions, and what kinds of programs they can offer buyers. Ask about income qualifications, credit scores, down payment requirements, both for buyers with good credit and for those whose credit is less than perfect. Ask if the lender will allow you to contribute to the buyer's closing costs. Get an Accurate Appraisal If a banks or mortgage company uses in-house appraisers, it can sometimes cost you a considerable amount of money at closing. For instance, my husband and I once allowed buyers to use their own lender and ended up netting $13,000 less because of a low appraisal. We discovered later that the bank was known for understating appraisals. Don't sign a sales contract contingent on the appraisal of a buyer's lender; draw up your sales contract with a firm price and then give the buyers a specific time to arrange financing, based on that price. You don't want to have to lower your sales price to reflect a lower appraised value. Make sure that your lender's appraisers consider properties sold, but not yet closed and competing listings of similar properties when doing their appraisals, and not just past sales, because past sales alone may not give an accurate picture of your home's true market value in a fast-moving market. Even if buyers say that they are prequalified through a lender, it's worthwhile to explain that your lender may be able to offer better financing, and that you're willing to pay a certain portion of their closing costs for them if they'll use your lender. Having a relationship with a lender who is willing to help your buyers finance your home will give you an edge on your competition, and will go a long way toward selling your house quickly, and for top dollar. (c) Copyright 2004, Jeanette J. Fisher. All rights reserved. Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhousefordollars.com/pages/5/index.htm
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Yahoo Finance Compass to share exclusives — if brokers, MLSs play by 2 rules Real Estate News by RealEstateNews.com Russian Demand for U.S. Real Estate Surges 78.5% The Moscow Times Providence Hill Real Estate owners buy office building near Tuckahoe HQ Richmond BizSense What renters really want | Real Estate Newsletter Inquirer.com Nantucket’s Workers Are Living on the Margins The New York Times OT Real Estate Spotlight of the Week: 1555 Graves Lane The Owensboro Times Property transfers: Marion County sales range from $20K to $390K The Marion Star Here are businesses on the move in Marin, Solano, Napa, Sonoma and Mendocino counties The North Bay Business Journal Despite signs of market rebalancing, real estate in this NJ town remains hot. Here's why Bergen Record Real estate sales in Peoria, Tazewell and Woodford counties for July 12, 2025 Peoria Journal Star $1.225 million Symmes Township home sale among the week's top property transfers Cincinnati Enquirer Homes in Lubbock County sold for higher prices recently: See how much here Lubbock Avalanche-Journal Homes in Cumberland County sold for higher prices recently: See how much here The Fayetteville Observer A Look At Plymouth Co Real Estate Numbers WATD 95.9 FM NYC Real-Estate Execs Throw Money Behind Adams to Counter Rise of Mamdani The Wall Street Journal Berkshire region real estate sales – July 11, 2025 The Berkshire Edge Real Estate Transactions sungazette.com Berkshire County Real Estate Transactions for June 23-27 The Berkshire Eagle TIM SCOTT REAL ESTATE - 83275 Caledonian Record Business Spotlight: Trujillo Commercial Real Estate Group The Paso Robles Press Agent-built AI chatbot serves up real advice with a sense of humor Real Estate News by RealEstateNews.com Westmoreland County Real Estate Transfers The Latrobe Bulletin A tale of two Floridas: Real estate industry torn over DeSantis' push to eliminate property taxes Fox Business Property transfers: June sales range from $11K to $5.8M in Crawford County - Bucyrus Telegraph-Forum Property transfers: June sales range from $11K to $5.8M in Crawford County Bucyrus Telegraph-Forum LOCAL REAL ESTATE TODAY 7.11.25 KQEN News Radio Real estate investors are purchasing more U.S. homes as high prices lock out would-be buyers CBS News Don Fenley: Tri-Cities housing market sees uptick in June Kingsport Times News Tampa real estate investment firm under investigation for potential deceptive practices Florida Politics Florida real estate: See the most expensive home sales across the Treasure Coast in June Treasure Coast News Weekly building permits, real estate Boca Beacon Homes for Sale in Manhattan and Brooklyn The New York Times RLTY: Reasonable Real Estate Income For Now (NYSE:RLTY) Seeking Alpha Department of Taxation and Finance dos.ny.gov Dawson County weekly real estate transactions, July 11 Central Nebraska Today 2025-2030 Five-Year Housing Market Predictions U.S. News Real Estate EG Real Estate: 8 New Listings & 5 Sold East Greenwich News How a legal battle of real estate titans affects home buyers Straight Arrow News SDCERS to lift infrastructure allocation as it trims real estate IPE Real Assets Mortgage Rates Today: The States Offering Lowest Rates – July 11, 2025 noradarealestate.com NEO's industrial real estate market loosens slightly but remains tight Crain's Cleveland Business Jackson State To Offer Real Estate Course Radio NWTN Patrick Cadle joins Grist Real Estate Mountain Messenger Queens real estate trends: What buyers are looking for, according to Compass agent Thomas Caramanno Queens Post Real estate news: 18-unit apartment complex in Surf City fetches $7.4 million Orange County Register Michael Guthrie discusses real estate uncertainty amid Charlottesville zoning freeze Cville Right Now The Seyon Group Acquires Industrial Portfolio in North Andover for $12.5 Million Boston Real Estate Times New Hampshire housing market sees 65 straight months of growth The Laconia Daily Sun Real estate boss targeted in San Francisco with smear campaign The San Francisco Standard Confusing housing stats & real estate nerds Sacramento Appraisal Blog Hawaii residential real estate experts on negotiating and marketing homes in 2025 The Business Journals Navigating Trump's Tax Megabill: Winners and Strategies in Real Estate, Manufacturing, and Energy AInvest Developer, neighbors worked together to decide how a key corner of Austin will look The Business Journals Real estate feels weird right now — but not broken Rome Sentinel Where are home prices falling most in America? This SWFL community made top of the list Naples Daily News Fond du Lac County property sold for $700K in real estate transfers for June 30-July 3 fdlreporter.com |
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