Remove Agents Remove Closing costs Remove Renovation
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Yes, Cash Buyers Pay Closing Costs, and Sometimes Even the Seller’s Fees

HomeLight

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

Home improvements and renovations are also important to buyers. Working with a real estate agent isn’t free, but it takes the work off your plate as a seller. Working with a real estate agent isn’t free, but it takes the work off your plate as a seller. Sellers also have to pay closing costs. Bottom Line.

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18 Crucial Real Estate Math Questions for Agents & Investors

The Close

How Agents and Investors Use Math in Real Estate Math is essential for agents working with clients, aspiring agents studying for their licensing exams, and investors aiming to make wise decisions. Gross Rent Multiplier In the real estate exam math portion, aspiring agents might need to calculate the gross rent multiplier.

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Busting VA mortgage loan myths

Housing Wire

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

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How Do You Sell a House As-is? Everything Agents Need to Know

The Close

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. The buyer is expected to shoulder additional renovations and improvement expenses once they become the official homeowners. Expect lower offers.

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What is a 2-1 temporary rate buydown?

Housing Wire

That money can be used to furnish or renovate their new home, or go toward saving for other financial goals. In terms of cons, a 2-1 buydown does have a high upfront cost, and may only be worth it for the buyer if they can get the buydown via a seller concession. Alternatives to a rate buydown.

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What Is the BRRRR Method & How Does It Work in Real Estate?

The Close

It can be done by anyone who can purchase a property, allowing investors to build equity immediately after renovating or repairing it by doing a cash-out refinance. For example, if you’re looking at a $400,000 investment property that requires $80,000 of repairs and renovations, you shouldn’t spend more than $200,000 on it.