The Learning Center

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

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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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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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Pricing Your Home: Use Multiple Comps for Best Results

We often hear from home sellers that they will only accept an offer at $X+ price because their home is superior to another home in their neighborhood that just sold for $X. We caution such sellers to be very careful. Here's why.

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Home Seller Advice: How to Respond to a Lowball Offer

If you get a lowball offer, do you counter or do you simply ignore it and wait for other offers to come in? Read on to find out what our expert real estate staff suggests.

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Real Estate Fees: Costs of Selling a Home

When you go to sell a home, it can be a little bit confusing to figure out what you're going to end up being financially responsible for. Read on for a brief list of real estate fees you can expect to pay when you sell.

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Should I Insist Buyers are Preapproved?

In short, yes. Read More

Home Seller's Guide to Reviewing California Real Estate Offers

Evaluating a California residential purchase agreement can seem daunting, but there are really just a few key things you need to take a look at to determine how to respond. Read on to learn what those things are and review your offers with confidence!

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2 Reasons You Should Respond to Every Buyer Offer

Unless you are slammed with many offers, you should respond to every offer to purchase real estate, even if you get a “lowball” or contingent offer. Read on to learn why.

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How Long Does it Take to Close?

The time it takes to close can vary from a few days for all-cash buyers to a few weeks for buyers who need to obtain a loan… or longer, if the buyer isn’t ready to move. This post will explain what happens during the closing process and will explain several things that can impact your closing timeline.

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