HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized.

Purchase and sale agreement 102

Purchase and sale agreement Earnest money deposit Option period Due diligence 102

HomeLight

AUGUST 29, 2022

If you plan on applying for a mortgage, your lender will want to see at least two years of steady employment or business ownership if you’re self employed. Putting less than 20% down, however, might require you to purchase mortgage insurance , but it may be worth it to become a homeowner sooner than you anticipated.

Earnest money deposit 90

Earnest money deposit Title Inspection Title search 90

Redfin

JUNE 21, 2023

Explore your loan options When buying your first investment property, it’s essential to explore the available loan options. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

Due diligence 59

Due diligence Earnest money deposit Investor Inspection 59

HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. With a mortgage, the bank verifies that the buyer has the down payment available to close.

Purchase and sale agreement 101

Purchase and sale agreement Closing Title search Title 101

HomeLight

MARCH 13, 2023

You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance. There’s just so much less risk with a cash offer than with a financed offer that it is night and day,” says Spray. The buyer does due diligence during the option period in Florida.

Sales 78

Sales Investor Due diligence Renovation 78

HomeLight

JANUARY 20, 2023

Cash home buyers in Dallas typically pay less than buyers who are getting mortgages and less than agent-assisted buyers. Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through. How much will Dallas cash buyers pay?

Sales 73

Sales Investor Due diligence Agents 73

Realty Biz

OCTOBER 9, 2020

By definition, creative financing (or creative deals) are nontraditional. At times, sandwich lease options and seller financing can be these types of deals. I’m a firm believer that sandwich lease options need to be win-win-win deals. But he/she can’t quite qualify for a mortgage at this time.

Investor 56

Investor Title Option period Finance 56