Realty Biz

SEPTEMBER 23, 2023

Whether it's residential, commercial, or investment properties, working with an agent with expertise in your desired area can be highly beneficial. It involves submitting detailed financial information to a lender, including income verification, bank statements, and credit history.

Purchase and sale agreement 73

Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. To figure out the best place to find REO homes, we did a lot of digging and looked at banks, the U.S.

Agents 87

Agents Banks MLS Title 87

HomeLight

JANUARY 13, 2022

An appraisal contingency allows a buyer to walk away from a sale if after an appraisal is completed if the value of the home is found to be less than the purchase price. You’ll likely need this type of contingency even if you’ve been preapproved for a mortgage as that process does not guarantee that you’ll get a loan.

Backup offer 86

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 86

Real Trends

JANUARY 25, 2023

Agents might want to focus on wealthy buyers or investors in private property or commercial real estate with or without investment property loans. Foreclosures Foreclosures and real estate owned properties are owned by the lender after a sale has failed or a borrower has defaulted on the mortgage.

Homeowner’s association 75

Homeowner’s association Finance Agents Short sale 75

Realty Biz

SEPTEMBER 23, 2021

With interest rates still at record lows, many South Florida homeowners have refinanced their home loans. Home equity can be tapped for renovations, college loans and more. of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 3% in August 2020.

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

HomeLight

JULY 31, 2021

And if you ever need to access that money down the road, you can leverage it through a home equity loan or line of credit. If you can qualify for the mortgage loan, a multi-family property can be a great way to invest in real estate. You don’t need to have millions in the bank to invest in real estate. Earn passive income.

Investor 96

Investor Equity Renovation Mortgages 96

McKissock

JULY 21, 2021

He warns that while some prospects will show up with a preapproval letter from a lender, plus tax returns and proof of income in hand, others will just say, “We shouldn’t have any trouble getting a loan; we both have good jobs.” Even if one person is not as vocal, he or she may be key to closing the sale.”. Article by Joseph Dobrian.

Purchase and sale agreement 52

Purchase and sale agreement Finance Mortgages Agents 52