0
Because it makes the transaction simple, fast, and assured. They know they won't waste their time and energy with you, just to discover that you don't qualify for the loan because you omitted information on your loan prequalification... or any one of the number hiccups and obstacles that can happen to a person trying to qualify for a loan.
What else can I help you with?
What is a cash only sale for a home mean?
When a home is sold "for cash", it means that the buyer has paid the seller in full, in cash, at the time of sale. There are no mortgages or loans involved in a cash sale. This type of sale can be advantageous for both the buyer and the seller. For the buyer, a cash sale means that they can ConnectPeopleInvestments purchase a home without having to go through the hassle and waiting time of getting a mortgage approved. And since there are no mortgages or loans involved, there are no closing costs or fees associated with buying a home this way.
In a sellers concession how does it hurt the seller?
A seller's concession is something the seller gives or gives up in order to make the sale. Therefore the seller's profit is reduced. However, seller's concessions are often used as a selling tool in a buyer's market. Many first time buyers need some seller's concessions in order to purchase the property. It depends on how much you want to sell. If you can afford to hold on to the property and do not need a sale at present, you can wait until the seller's market improves.
Why would a local seller on craigslist want you to pay through eBay services?
It may be to have an electronic record of the sale, but be wary with the seller.
What is subject to bank approval mean in real estate listings?
It means the bank has to "approve" the selling price before the property can be sold. The bank reserves the right to say no to any contract for purchase - even after the seller has accepted an offer. Usually means the property is a short sale or a foreclosure. Example, Mr. Buyer offers $500,000 for a house that is for sale. Mr. Seller agrees to the price and signs the contract. That contract goes to the bank for approval. The bank says No, we will not accept $500,000, we want more. Mr. Buyer and Mr. Seller now cannot go through with the sale of the house at the price of $500,000. Mr. Buyer can up his offer and try again, but the bank has to "approve" the selling price before the house can be sold. No bank approval, no sale.
Is it worth having a seller remove the above-ground pool if the buyer doesn't want to have it?
No have the buyer do it. The seller isn't responsible-house is sold as is! ;)plus what if the buyer changes their mind then he sellers property goes down in value! It may be worth it for the buyer to remove the pool versus having the seller remove it because the seller may increase the sales price of the house if they remove the pool. To increase the sales price, this would add more onto the buyer's loan for the house. More money!!!! If the pool is in good condition, the seller could include the pool in the sale. Otherwise, it needs to be removed from the property before putting the house for sale. Offer it online free to the person who comes and picks it up. Craigslist and Freecycle are good sites.
Does the seller to pay closing cost?
Generally the buyer pays closing costs. Some closing costs legally MUST be paid by the buyer. However, the seller could offer to pay some costs if they want to, or the buyer could ask the seller to pay some of the closing costs. Ultimately the seller has to decide how badly they want to make the sale.
Do you need title ins if you sell home for cash?
Title insurance is issued to the benefit of the buyer (new owner under an Owner's Policy) or lender (Loan/Mortgage Policy). As the Seller of the property, you need to be able to sell your property "free and clear" of liens, judgments and mortgages. The Seller, in many areas, is responsible for payment of the Owner's Policy, in other areas, it is a Buyer cost - and is always negotiable as to who pays for the property searches and/or final Owner's Policy. Most prudent buyers would not purchase a property without knowing whether or not that property is free and clear of liens. It is also up to the Buyer, even in a cash transaction, as to whether or not they want to have an Owner's Policy issued that insures them against the history of the property as to possible defects or conditions of title. So, if you are the Seller, the question should be directed to your Buyer. If they want a title search and title insurance, and it is written into your sales contract that you, as Seller pays for their Owner's policy then you are obligated to perform as per your sales contract. In the matter of a Lender being involved in a purchase or refinance transaction, they will always require a Lender's/Mortgage policy to cover their mortgage interest in the property.
What lenders will refinance a house that is for sale?
Lenders will usually want to know the financial state of the buyers. Only in exceptional circumstances will a seller need to re-finance a house shortly before sale.
How do you buy a house that is going to sheriff sale from the creditor before the sale?
It's always best to have a Realtor or attorney or some type of representation when purchasing a home from a seller. There are many factors that go into purchasing a home that yourself or the seller may not be able to explain, but once signed and in writing you are bound to the contract. Contact a local real estate agent for assistance. In most cases, the seller will pay the buyers agents commission, and if they don't you can ask the real estate agent that is assisting you how much they would charge for document preparation or representation in this transaction.
Why won't the seller pay for radon testing?
The seller may not want to pay for radon testing because it is typically the responsibility of the buyer to conduct such tests to ensure the safety of the property before purchasing it.
Journal entry in financial accounting for purchase return?
Like sales discounts, sales returns and allowances reduce sales revenue. They also result in additional shipping and other expenses. Since managers often want to know the amount of returns and allowances for a period, the seller records sales returns and allowances in a separate account. Sales Returns and allowances is a "Contra (or offsetting) asset account to Sales. The seller debits Sales Returns and Allowances for the amount of the return or allowance. If the original sale was on account, the seller credits Accounts Receivable. Since merchandise inventory is kept up to date in a perpetual system, the seller adds the cost of the returned merchandise to the merchandise inventory account. The seller must also credit the cost of returned merchandise to the cost of merchandise sold account, since this account was debited when the original sale was made. What if the buyer pays cash and then later returns the merchandise. In this case the seller may issue a credit and apply it against other accounts receivables owed by the buyer, or the cash may be refunded. If the credit is applied against the buyer's other receivables, the seller records entries similar to those preceding. If cash is refunded for merchandise or for allowances, the seller debits sales returns and allowances and credits cash.
Where can i find information about for sale by owner?
If you mean you want a "for sale" sign on the outside of your property to try to draw more perspective buyers you can ask the estate agent managing your sale to erect a sign on your behalf. If you are advertising your property online only and managing the sale yourself you can buy the signs quite cheaply online at eBay or some online property sites will include them as part of your sale package.
