HomeLight

SEPTEMBER 30, 2021

A foreclosed property is a property that has gone through the legal process of foreclosure where the bank seeks to regain ownership of the property to make good on a debt,” explains top Seattle real estate agent Ken Crotts , who works with over 66% more single family homes than the average area agent. “A What even is a foreclosure?

Banks 97

Banks Inspection Equity Investor 97

HomeLight

OCTOBER 5, 2020

Also remember that, although you may be hoping for a discount, the bank is trying to recoup as much of the appraised value as possible. If you’re buying a house with cash , it makes sense to try to get as good a deal as you can — and that’s where auctions come in. And if so, how much of a discount can you expect?

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Due diligence Earnest money deposit Banks Inspection 53

HomeLight

AUGUST 16, 2021

You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Links and Show Notes.

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Marketing Short sale Bankruptcy Banks 75

HomeLight

MAY 24, 2022

He speculates that this is likely due to “the competition we’re facing now. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. Everyone involved will need time to perform their due diligence.

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Purchase and sale agreement Closing Title search Title 99

The Close

DECEMBER 29, 2022

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. What About ARMs?

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Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

DECEMBER 30, 2021

Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. Buying a house is a pretty big deal. If you work with a buyer’s agent, you’ll sign a contract. At some point, you might ask yourself: Should a lawyer be involved? At some point, you might ask yourself: Should a lawyer be involved?

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Purchase and sale agreement Title Short sale Closing 72

HomeLight

MARCH 30, 2022

His client received a cash offer of $60,000 over the asking price, but the sale likely would have fallen through because of a low appraisal if the buyer needed financing. Reduce the time it takes to close your sale. Take away risks of your sale falling through. Keep it simple with HomeLight’s Simple Sale platform.

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Sales Investor Renovation Due diligence 89

HomeLight

OCTOBER 29, 2020

Is it an understatement to say that buying a house can be a complicated process? And that’s before buyers even start thinking about steps like making a contingent offer. From the moment you make the decision to find a new home, you’re navigating a juggling act of strategy, timing, and luck. Source: (JJ Badenhorst / Unsplash). Home appraisals.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

JANUARY 25, 2021

A traditional sale might be what you had in mind when you originally bought your home. The structure “had to be taken down to the studs,” Griffin says, not the ideal condition for a conventional sale. Because where a regular buyer sees a lemon, a house flipper sees a property brimming with potential. Request Offer.

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Purchase and sale agreement Investor Inspection Due diligence 100

HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. First, when deciding to purchase a home, you’ll naturally try to make sure you’re at a stable point in your career.

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Closing Purchase and sale agreement Title Home sale contingency 102

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. No one daydreams about filling out mortgage applications, and the process is complicated because you have to keep track of so many details and make so many choices. Source: (Matthew Henry / Burst). Step 1: Prepare your finances.

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Loans Mortgages Title FHA loan 78

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

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House Flipping Renovation Investor Finance 83