The Learning Center

Recent posts by Home Bay

Home Bay Simplifies the Process of Making an Offer on a House

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The Benefits of Staying in Touch With Prospective Buyers

They say it’s not what you know but who you know that matters. This statement can apply to virtually anything in life, and it’s particularly true when it comes to business deals. And in the business of real estate, paying careful attention to who you know (and how you treat them) can be a game changer.

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Prequalification vs Preapproval for Mortgage: What's the Difference?

When you put your home up for sale, it’s not all that uncommon to quickly receive offers from multiple potential buyers. Some of these buyers may say they’ve been prequalified for a loan, and others might talk about being preapproved. The difference between prequalification vs preapproval says a lot about the strength of a buyer’s offer on your house. So how do you determine which offer you should more seriously consider?

Selling a home can be a lengthy, time-consuming process. Few things are as frustrating as accepting an offer, only to have the deal fall through a few weeks later. And as a seller, you can’t afford to spend your time on buyers who aren’t committed or financially able to complete the process. One key way to weed through your options and really be able to determine who might be the most reliable buyer is by understanding the difference between being prequalified or preapproved.

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Analysis of Common Seller Closing Costs

You’ve prepared your house, held open houses and found your dream buyer who was already pre-approved for their loan. Inspections are done and repairs are all wrapped. All you need to do now is close on the deal. And if you’re like most sellers, by this point you’ve probably also done some quick mental math on what you expect to walk away with in terms of cash in your pocket.

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How Does a Buyer Without an Agent Submit an Offer on a Home Bay Listed Property?

Having a buyer without an agent is a win/win for the buyer and seller because the real estate agent fees go way down, and in some cases, the buyer gets a rebate toward downpayment and closing costs. Submitting an offer without an agent is easy. 

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The Best Pricing Strategy

The best listing price strategy is to list at or below market value. A wealth of data supports this conclusion.

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Closing 101: A Guide for Home Bay Sellers

The biggest difference between selling a home with Home Bay and hiring a traditional agent is we work remotely, not on-site. So what happens when it's time to close on your home sale? Here's everything you need to know.

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California Natural Hazard Disclosure Report 101

SnapNHD is dedicated to providing home buyers and sellers with comprehensive natural hazard disclosure reports. In this post, you'll learn what a natural hazard disclosure (NHD) is, what the report covers, and what to look for. 

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Seller's Guide: Preparing for Your Appraisal

There are a number of things you can do to ensure your home appraisal goes smoothly and the appraiser's findings come out in your favor. Keep reading to learn how to prepare for your appraisal.

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Why We Don’t Redo Real Estate Purchase Agreements on the CAR Form

We sometimes get agents who submit offers that get accepted on the Home Bay California real estate purchase agreement, and thereafter they ask us and the seller to switch over to the CAR purchase agreement for purposes of escrow. We do not generally accommodate this request. This post explains why.

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