HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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Due diligence Inspection Title Pre-approval 102

HomeLight

MAY 26, 2021

If you’re taking out a mortgage, your lender will arrange something called a home appraisal. But who pays for the appraisal? This guide will help you understand who pays for the home appraisal and why it’s important. What is a home appraisal? One piece of information your lender will look at closely is the home appraisal.

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Inspection Residential Due diligence Title search 92

HomeLight

OCTOBER 5, 2020

The bank or mortgage company is the linchpin of a short sale. A short sale tends to be a much better alternative than a foreclosure — something that the bank, and everyone else, for that matter, wants to avoid. The buyer really just has one chance to submit an offer that will pass the bank’s standards for approval.

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Short sale Sales Banks Due diligence 63

HomeLight

SEPTEMBER 15, 2021

Contingency removal form (CA-specific). Home appraisal report. If you want to sell property that is part of a development, odds are you’re already part of a Homeowners Association (HOA) that runs the whole thing. and any contingencies. Contingency removal form (CA-specific). Preliminary title report or “prelim”.

Purchase and sale agreement 112

Purchase and sale agreement Inspection Title Pre-approval 112

Marco Santarelli

SEPTEMBER 19, 2023

You learn about various financing options, appraisals, contracts, and property management. Understanding the Real Estate Market Before you start investing in real estate, it's crucial to develop a solid understanding of the market. This may include real estate agents, appraisers, lawyers, and contractors.

Purchase and sale agreement 52

Purchase and sale agreement Finance Due diligence Investor 52

HomeLight

AUGUST 16, 2021

This means that the homeowner stopped making payments on their mortgage, and the bank seized the property to recoup the funds. Department of Housing and Urban Development (HUD) homes for sale portal. There isn’t going to be room for negotiation or special contingencies. Source: (Maksim Safaniuk / ShutterStock).

Title 108

Title Due diligence Finance Inspection 108

HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all.

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Sales Investor Due diligence Renovation 78