Lighter Side of Real Estate

AUGUST 24, 2022

It’s an industry joke that some buyers request the seller to repair even the most minor issue found on a home inspection, like a leaky faucet for example. Even if the buyers did have an inspection, sellers could easily reply with a firm no, and the buyers would be fine with it. Are they all due to home inspection issues?

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Inspection Equity Finance As-is 97

Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Instead, investors bought the run-down properties in bulk sales.

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Equity Inspection Real-estate owned Residential 376

Housing Wire

DECEMBER 14, 2022

During the moratoriums, all of our post-foreclosure sales work, the REO, the post-sale, FHA work really almost went to zero,” said Michael Greenbaum, COO of Safeguard Properties. In October, the company added more than 275 subcontractors that complete inspections, preservation and yard/snow services to its network.

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Inspection Technology Equity Investor 359

Housing Wire

OCTOBER 29, 2021

HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing. HW: How does ServiceLink leverage technology to streamline home equity title and closing?

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Title Title search Equity Inspection 291

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. They are hired to ensure that the lender has adequate equity to cover the amount borrowed should the lender be required to take the home back. What is a Home Inspection?

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Inspection Lending Equity Agents 52

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

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Short sale Sales Pre-approval Equity 92

HomeLight

JANUARY 31, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 105

HomeLight

FEBRUARY 6, 2024

Start Making Offers Without Waiting to Sell Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean on a house listing?

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Inspection contingency Home sale contingency Inspection Finance 108

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

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Marketing Inspection Sales Lending 386

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Sales Purchase and sale agreement Due diligence Inspection 97

Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Closing Title Lending Inspection 196

Housing Wire

APRIL 22, 2024

I would be happy to give you an equity analysis and let you know how much equity you have in your home. You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). I’m sure you’ve seen the for sale sign in the yard at (address).

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Brokerage Investor Agents Pre-approval 351

Housing Wire

MARCH 22, 2024

There are typically groups for garage sales, individual neighborhoods, groups just for parents, etc. They will no doubt build plenty of equity over the next few decades. Do not skip the inspection. Never advise a buyer to skip their inspection, even if it means they lose to a cash buyer. Stick to the budget.

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Agents Pre-approval Pre-qualification Inspection 396

HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” In this post, we’ll explain terms like “under contract,” “sale pending,” and “active under contract” and how they might impact your home-buying journey.

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 107

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” “One The second reason we come across is speed and convenience.

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As-is Inspection Renovation Equity 96

HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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Sales Investor Due diligence Renovation 89

CT Homes

MARCH 7, 2024

The Role of Equity Equity is the portion of your home that you truly “own” — the difference between your home’s market value and the outstanding balance of your mortgage. This figure represents how much you need to pay to settle your mortgage in full at the time of sale.

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Purchase and sale agreement Mortgages Equity Short sale 78

Housing Wire

JULY 20, 2023

No rehab for them and no inspection woes for you. They may have a downpayment saved that isn’t their home equity. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one. First, many builders are buying down interest rates using their in-house financing. range currently!

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Equity MLS Construction Agents 280

HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 105

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. Short sales are rarer in the housing market nowadays.

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Short sale Sales Pre-approval Pre-qualification 85

Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

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Sales Home sale contingency Pre-approval Inspection 60

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

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Short sale Closing costs Closing Sales 98

Housing Wire

DECEMBER 6, 2021

This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”. Besides the evidence drawn from the second appraisal, the Austin’s claim that Miller was biased because of the sales comparisons she used in valuing the home.

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Development Inspection Equity Mortgages 384

HomeLight

DECEMBER 30, 2020

in the city, while home sales are up 20% from November 2019 to November 2020. A year prior, they’d gone under contract on a similar property, only to find out during the inspection that it needed a lot more work than they were up for. Landing the offer and gaining some equity. just in the last year!)

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Equity Inspection Land Closing 65

HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. The sellers may see every contingency as a possible roadblock that could delay or prevent you from completing the sale. An inspection contingency.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 100

Housing Wire

JANUARY 14, 2022

In November, Rochester’s median home sales price was $154,838, according to Redfin , less than half of the national median that month of $335,519. That median sales price is up 3.8% In addition, the sale-to-list price ratio was 106.3% year over year, per Redfin, and the November 2020 price was itself up 12.4%

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Agents Inspection Marketing Equity 400

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales 72

Sales Purchase and sale agreement Earnest money deposit Investor 72

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits.

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Closing Earnest money deposit Sales Title 94

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. New-home sales were up nearly 24% in June year over year, according to the U.S. Meanwhile, existing-home sales plummeted by 19% in June year over year after declining by 20% in May, according to the National Association of Realtors.

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Land Construction Development Finance 368

HomeLight

MARCH 27, 2024

If you lack the resources for repairs, need to access the equity in your home immediately, or simply need to dispose of the property, these companies could be the answer. Sell Your Mobile House Fast With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

Inspection 60

Inspection Equity Closing Sales 60

HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . What causes a short sale? Wait, what?

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Short sale Sales Banks Backup offer 79

HomeLight

FEBRUARY 23, 2024

Life’s unpredictable turns, from financial strains to sudden relocations, can prompt the need for a fast sale in the Windy City. This guide is designed to help you through the process, ensuring you understand the best options for a speedy and successful home sale. Receive your offer in 24 hours and close in as few as 10 days.

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Bankruptcy Sales Inspection Equity 103

HomeLight

APRIL 14, 2023

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent.

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Sales Due diligence Agents Closing 90

HomeLight

MAY 3, 2023

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Selling fee Typical % of sale price Real estate agent commission 5.8% of the property sales price. of today’s median home sale price of $375,700. Money is always top of mind when selling a house.

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Seller concession Purchase and sale agreement Inspection Title 107

HomeLight

JANUARY 22, 2024

Why do sellers consider selling making a as-is home sale? There are several reasons, which can range from a sudden change in circumstances, to the seller needing to access the equity in their home without making repairs. “It’s As is” is a type of home sale where it’s understood that no improvements will be made to the property.

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As-is Inspection Finance Investor 102

HomeLight

MARCH 13, 2023

Do you need to connect with cash home buyers in Austin for a fast sale? With so many people relocating to the Texas state capitol, there’s a need for housing – and there are plenty of cash home buyers in Austin to help sellers who need a quick sale. So can neighborhood-specific comparable sales (called “ comps ”) that are low.

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Sales Investor House Flipping Pre-approval 77

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

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Technology Mortgages Commercial Inspection 408