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Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets.

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Should You Sell Your House for Cash? What to Know About Cash Offers

Redfin

There are numerous reasons why you may be thinking about selling your home, whether it’s because you’re moving to a new city, downsizing to a condo, or wanting to tap into your home’s equity. A cash offer is when a potential buyer bids with all-cash, meaning there’s no mortgage or other financing involving a mortgage lender.

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9 Warning Signs When Selling Your Home

Point2Homes

Not having to wait on all the mortgage-related documentation alone can be a real time saver. You can protect yourself from potential cash buyer scams by requesting ‘Proof of Funds’ documentation and asking for a non-refundable deposit that’s at least 5% of the selling price. Cash Purchases.

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The Pros and Cons of Making an All-Cash Offer on A House

HomeLight

You won’t literally be paying in hundred-dollar bills, but with an all-cash offer, you must have the funds to purchase the home available in a liquid account , meaning an account that allows immediate withdrawals and transfers. To be clear, an all-cash offer means you won’t be getting a mortgage loan for any portion of the sale.

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

However, this buyer needs a mortgage to finance the deal, and that can take months. When a buyer is using a mortgage, there’s always a chance they offer more than an appraiser thinks your house is worth , potentially putting the sale at risk. Before signing an offer, ask for proof of funds. mortgage process.

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Your Conclusive Guide to Buying a House with Cash

HomeLight

If you’re using cash, you’ll have to show proof of funds with your offer. How buying with cash is different from a mortgage. Typically, with a financed offer — that is, one that’s backed by a mortgage — your offer is contingent on the mortgage going through successfully. Avoid common mortgage contingencies.

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How to Sell a House to a Friend So No One Feels Cheated: 11 Do’s and Don’ts

HomeLight

For example, if you offer your friend a discount on your home – intentionally or not – it may be considered a “gift of equity” subject to gift taxes. That way, you can provide documentation to your tax advisor to determine if you made a gift of equity to your friend. Source: (Christina @ wocintechchat.com / Unsplash).