HomeLight

JULY 31, 2020

While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. Buyers should also consider purchasing title insurance in case the title search misses something and a property claim is made after closing. Short sale.

Closing 108

Closing Purchase and sale agreement Title search Earnest money deposit 108

HomeLight

JULY 31, 2022

Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

VA loan 68

VA loan Purchase and sale agreement Short sale Pre-approval 68

HomeLight

DECEMBER 6, 2022

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. The timeframe may vary depending on the company and market. Closing costs: Sellers pay no closing costs; the Buyout Company covers them.

Purchase and sale agreement 86

Purchase and sale agreement Closing costs Closing Sales 86

HomeLight

FEBRUARY 17, 2022

In Texas, it typically takes around 86 days — nearly three months — to sell a home on the market using an agent. That includes an average of 32 days on market , plus the typical 54 days a buyer needs to close on a purchase loan. Not every seller has months to prep, market, show, and close. Our advice?

Closing costs 73

Closing costs Closing Sales Staging 73

HomeLight

FEBRUARY 16, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. The timeframe may vary depending on the company and market. Closing costs: Sellers pay no closing costs; We Buy Houses covers them.

Purchase and sale agreement 81

Purchase and sale agreement Closing costs Closing Sales 81

HomeLight

SEPTEMBER 1, 2022

Before the pandemic created a hot market, about 8% of appraisals came in lower than the offer on the home. The so-called appraisal gap began rising in frequency around July 2020, and by June 2021, there was a gap between sales price and appraised value in one-fifth of all home sales requiring financing. What is a low appraisal?

Purchase and sale agreement 77

Purchase and sale agreement Earnest money deposit Short sale Loans 77

HomeLight

FEBRUARY 28, 2022

The company provides quick offers, flexible closing dates, and $10,000 in earnest money to show that it is serious when buying real estate. Closing costs: The Buy-Out Company covers a seller’s closing costs , but you are still responsible for any prorated property taxes owed. Quick sale.

Closing costs 77

Closing costs Closing Sales Staging 77

HomeLight

AUGUST 10, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. After one showing, sellers get a no-obligation offer and can choose their closing date. Reviews: Simple Sale is a HomeLight platform.

Closing costs 76

Closing costs Purchase and sale agreement Closing Inspection 76

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.

Short sale 83

Short sale Sales Pre-approval Equity 83

HomeLight

AUGUST 24, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more. Closing dates are set at the seller’s discretion, and they can have cash in hand within 7 days. Individual investor fees may vary.

Closing costs 76

Closing costs Purchase and sale agreement Closing Staging 76

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. What’s a short sale?

Short sale 76

Short sale Sales Pre-approval Pre-qualification 76

HomeLight

OCTOBER 30, 2020

Don’t wait until your foreclosure is 30 days away from the sell date,” says Bethany Mendoza , top real estate agent in the Modesto, California area who’s helped clients navigate selling their home to avoid foreclosure. Don’t let any stigma keep you from making wise financial decisions about the sale of your home.

Short sale 103

Short sale Banks Equity Mortgages 103

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

Short sale 138

Short sale Loans Sales FHA loan 138

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Rick Ruiz is an agent in Las Vegas , Nevada, who works with 70% more single-family homes than the average agent in his area. First: What’s a short sale?

Short sale 83

Short sale Sales Purchase and sale agreement Banks 83

Redfin

DECEMBER 7, 2020

First-time homebuyers and investors will likely quickly buy up any foreclosed homes, leaving the larger housing market unimpacted. As a result, many financially stressed homeowners couldn’t even afford to sell their home after paying agent fees of 6% and closing costs, so they often ended up in foreclosure.

Marketing 79

Marketing Equity Investor Loans 79

HomeLight

APRIL 15, 2022

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

Title 82

Title House Flipping Title search Sales 82

HomeLight

DECEMBER 29, 2020

But, as tough as this year has been, the real estate market has prevailed. HomeLight’s Q3 2020 survey reveals that 92% of surveyed real estate agents say they are experiencing a strong seller’s market, and they feel it’s going to stay that way for a while. Sellers have equity, and short sales are unlikely.

Short sale 89

Short sale Loans Equity Sales 89

HomeLight

SEPTEMBER 30, 2021

Most of my sellers have a mortgage,” echoes Rebecca Carter, a top real estate agent in Knoxville, Tennessee. Here are the quick points to know on how to sell a house with a mortgage: You’ll use the proceeds from the sale of your home to pay off your existing mortgage balance. Subtract) agent commission fees (an average 5.8%

Mortgages 99

Mortgages Debt-to-income ratio Equity Closing costs 99

HomeLight

DECEMBER 30, 2021

If you work with a buyer’s agent, you’ll sign a contract. Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. Real Estate Agent. Matt Laricy.

Purchase and sale agreement 74

Purchase and sale agreement Title Short sale Closing 74

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

Short sale 59

Short sale Sales Pre-approval Closing costs 59

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales.

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

MARCH 30, 2022

In a HomeLight survey of top agents, 58% expect the upswing in cash offers to continue throughout 2022 as sellers want convenience, speed, and certainty. Investors making a cash offer are more likely to purchase a house as-is , so you can cut costs for renovations , staging , and curb appeal projects. Learn More.

Sales 93

Sales Investor Renovation Due diligence 93

HomeLight

SEPTEMBER 30, 2020

And what about those closing costs or repair expenses? While these are all questions that your real estate agent and lending professionals can help you answer, sometimes seeing what different home purchases look like can be helpful, too — so you can hear how other people made their dream of homeownership finally happen.

Closing costs 82

Closing costs Loans Short sale Finance 82

Kyle Handy

JANUARY 20, 2023

They’re putting old and damaged housing stock back onto the market. Content Marketing and SEO 7. Many don’t trust real estate agents because they’ve had problems in the past. So a real estate agent will often discover that all the really good deals are already taken. Zillow, Trulia, Etc. Tax Debt 3.

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

HomeLight

FEBRUARY 26, 2021

According to HomeLight’s data, a deep clean can add more than $1,700 to a home’s sale price, and is likely to speed up the sale process. Eva Cedillo , a top-performing agent in San Joaquin County, California, says a deep clean is by far the most important step in fast-tracking a fixer-upper sale. “90%

Investor 86

Investor Inspection Renovation Sales 86

HomeLight

DECEMBER 31, 2020

Several agents asked if he was interested in selling, but he decided to rent it out. After commissions and closing costs, he profited about about $85,000. 2020 hasn’t done many favors for the economy as a whole, but the housing market has remained surprisingly strong through it all — and that includes rentals.

Equity 74

Equity Investor Closing costs Property Management 74

HomeLight

JANUARY 10, 2023

Closing costs: You pay no closing costs; FL Cash Home Buyers covers them. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in different locations throughout Florida. Reviews : Simple Sale is a HomeLight platform, and HomeLight has 4.6

Closing costs 82

Closing costs Purchase and sale agreement Closing Sales 82

HomeLight

JANUARY 6, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. The timeframe may vary depending on the company and market. Closing costs: Sellers pay no closing costs; As Is Now covers them.

Purchase and sale agreement 74

Purchase and sale agreement Closing costs Closing Agents 74

HomeLight

MARCH 21, 2022

While selling to a We Buy Houses company offers a number of conveniences, house-buying businesses typically pay less than market value for the homes they purchase, and sometimes significantly so. They are another legitimate option for selling your home in the markets where they make purchases. How do companies that buy houses work?

Closing costs 93

Closing costs Home sale contingency Investor Closing 93

HomeLight

FEBRUARY 28, 2022

Just request a fair cash offer, choose your closing date, and walk away. Closing costs: You pay no closing costs; Sell Quick California covers them. Past sellers comment on fast and transparent communication from owner Marc as well as quick sales and fair offers. Quick sale.

Closing costs 76

Closing costs Closing Sales Staging 76

HomeLight

JULY 25, 2022

The average length of home ownership has shrunk to just seven years, according to Brad Gore , a top agent who works with 74% more single-family homes than the average Branson, Missouri, agent. The market is the largest driver of price,” Gore says. People are staying in their homes for shorter periods of time these days.

Closing costs 89

Closing costs Equity Short sale Agents 89

HomeLight

JULY 25, 2022

The most common reason for selling a house after one year is job relocation, according to Brad Gore , a top agent who works with 74% more single-family homes than the average Branson, Missouri, agent. There are signs that the market is now cooling as interest rates are on the rise. Other reasons can include: A health issue.

Closing costs 86

Closing costs Equity Short sale Sales 86

HomeLight

MAY 23, 2022

Josh Muncey , a real estate agent with over $500 million in career sales and 16 years of experience selling in greater Boston, Massachusetts, says, “it’s hard to find a market in the Boston area that’s not feeling red hot lately.”. Median sales price in Massachusetts. Average days on market for Massachusetts.

As-is 90

As-is Inspection Investor Sales 90

HomeLight

DECEMBER 1, 2021

Maybe you got caught up in a bidding war, bought at a market peak, and buyer interest (along with home values) has since cooled. Batterman works with 74% more single family homes than the average agent in the area. Maybe the real estate market took a dive and you went overboard on past home renovations. When to think twice.

Purchase and sale agreement 104

Purchase and sale agreement Short sale Loans Mortgages 104

HomeLight

MAY 19, 2022

There are some misconceptions about what “as is” means, says top-rated Maryland real estate agent Juan Umanzor. “I Average days on market for Maryland. Yes, according to Umanzor, there is an as-is addendum for agents to complete. It’s very important for sellers to work with a top agent,” Umanzor says. “I Disclosures.

As-is 98

As-is Inspection Investor Closing costs 98

HomeLight

JANUARY 19, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. The timeframe may vary depending on the company and market. Closing costs: Sellers pay no closing costs.

Purchase and sale agreement 74

Purchase and sale agreement Closing costs Closing Agents 74

HomeLight

JUNE 19, 2023

When you need to sell your house fast in Florida due to life’s unexpected twists and turns, you have two main options: 1) seek a cash offer, or 2) recruit a top real estate agent. This guide will cover each option so you can make an informed decision for your quick home sale. Typically closing time is two to four weeks.

Inspection 71

Inspection Staging Agents Short sale 71