Redfin

JUNE 11, 2021

Some of them, like the home inspection and obtaining the real estate appraisal, can be stressful. So, what should you expect with this next step in the appraisal process? And how long does an appraisal take? What is an appraisal, and why do I need one? An appraisal is an objective estimate of a home’s value.

Inspection 84

Inspection Closing costs Equity Closing 84

HomeLight

JANUARY 10, 2023

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

Purchase and sale agreement 87

Purchase and sale agreement Natural hazards disclosure Inspection Title 87

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. Diamond Equity Investments. This cash homebuying company guarantees a fast and convenient closing. Locations: Chicago metro.

Closing costs 74

Closing costs Purchase and sale agreement Closing Staging 74

HomeLight

MAY 26, 2021

Now it’s all about preparing for your closing. 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? A home appraisal: .

Inspection 91

Inspection Residential Due diligence Title search 91

HomeLight

AUGUST 16, 2021

Some savings you can use toward a down payment and closing costs? Research your market. There’s much to learn about your local real estate market before diving into making offers. How quickly do homes move off the market? Are you open to doing some sweat equity in the beginning?” Assess your readiness.

Closing costs 104

Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

APRIL 21, 2023

If you need to sell your house fast in Phoenix, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. All of this impacts housing demand and prices.

Closing 85

Closing Investor Staging Agents 85

HomeLight

APRIL 26, 2023

If you need to sell your house fast in Dallas, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. They will likely use the home as a rental property.

Agents 86

Agents Sales Closing Staging 86

HomeLight

OCTOBER 11, 2021

Normally, when someone puts their house up for sale, they have some equity in the property and will walk away with money in their pocket after closing. Short sales can happen when people purchase a house at the top of the market, and then home values decrease. What causes a short sale?

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Short sale Sales Banks Backup offer 71

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. They’ll have specialized market information that others won’t. Plus, it only costs between 0.5%

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. You may see some that market – or send out mailers – to certain niches. How much a cash buyer will pay depends on the company’s price model, which is typically 70%-80% of the after-repair value (ARV) of the property, less the cost of repairs.

Sales 87

Sales Purchase and sale agreement Due diligence Inspection 87

HomeLight

SEPTEMBER 7, 2021

Whether it’s money saved, equity from the sale of a previous home, a cash windfall, or using a cash offer platform from a lender, buying a home for cash has become more and more common. In markets where inventory is low, bidding wars aren’t uncommon, and a cash offer can get a seller’s attention quickly. Why so many cash transactions?

Loans 86

Loans Title Equity Mortgages 86

HomeLight

APRIL 26, 2023

If you need to sell your house fast in Los Angeles, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. How fast are homes selling in Los Angeles?

Agents 76

Agents Closing Sales Staging 76

HomeLight

SEPTEMBER 30, 2021

If the amount received from the sale falls short of your outstanding mortgage balance and selling costs, you will have to cover the difference with funds other than those from the sale. Our Home Value Estimator pairs housing market data from multiple trusted sources with details about your house that you personally share.

Mortgages 98

Mortgages Debt-to-income ratio Equity Closing costs 98

HomeLight

JULY 12, 2022

Investor groups such as “ We Buy Houses ” and “ We Buy Ugly Houses® ” typically purchase homes in cash for less than market value in as little as 10 days. Well-known iBuyer companies like Opendoor and Offerpad typically provide cash offers closer to market value, depending on the home’s condition and the company’s business model.

Purchase and sale agreement 80

Purchase and sale agreement Investor Equity Closing 80

HomeLight

MARCH 2, 2021

Tenacious buyer’s agents are committed to saving their clients money and will be able to: Help you get a grip on the housing market by identifying which properties are underpriced or overvalued. Flag you when homes they believe are a great value are coming on the market. Buy in the offseason for your market.

Inspection 108

Inspection Loans Closing costs Renovation 108

HomeLight

MAY 31, 2021

The minimum down payment can be as low as 3%, but that is contingent on the buyer’s qualifications. If you’re buying a fixer-upper and you know you’ll need money to do improvements and repairs, then making a lower down payment means you can do those repairs out-of-pocket and build equity.

Mortgages 57

Mortgages Debt-to-income ratio Loans Closing costs 57

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

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Investor Finance Inspection Sales 98

HomeLight

AUGUST 9, 2022

If you back out of the sales agreement and your reason for doing so isn’t covered by contingency written into the contract, the seller can keep your earnest money. Otherwise, earnest money will be held in an escrow account until closing, and the amount is then applied toward your down payment at closing. Appraisal fee.

Earnest money deposit 91

Earnest money deposit VA loan Purchase and sale agreement FHA loan 91

HomeLight

APRIL 30, 2021

Competition is heating up in real estate markets across the country as homebuyers struggle to make their offers stand out from the pack. Homes fly off the market in days, not weeks; offers go well over asking price; and bidding wars are increasingly the norm. Anyone asking the seller to help them with closing costs.

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Due diligence Finance Proof of funds Earnest money deposit 98

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 92

Closing costs Home sale contingency Investor Closing 92

HomeLight

MARCH 13, 2023

Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Receive your offer within a week and close in as little as 10 days. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67

Sales 77

Sales Investor Due diligence Renovation 77

HomeLight

MARCH 6, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. down payment and/or closing cost assistance. Loans are between 3%-3.5%

Closing 85

Closing Earnest money deposit Sales Title 85

HomeLight

SEPTEMBER 16, 2021

A ‘cash offer’ simply means the offer does not include a financing contingency — in other words, it’s not dependent on the buyer being able to secure a loan.”. Our tool pairs housing market data with your own personal insights about your house, such as its overall condition and what type of property it is (condo, single-family, or townhome).

Title 98

Title Inspection Proof of funds Investor 98

HomeLight

SEPTEMBER 27, 2022

In cities with hot housing markets and real estate inventory shortages, homeowners are receiving unsolicited offers to buy their homes from investors, wholesalers, and house flippers who purchase homes at a discount and sell them for a profit to another buyer. Some cash buyers offer to buy homes at no cost to you. Beware of scams.

Purchase and sale agreement 81

Purchase and sale agreement Closing costs Brokerage Agents 81

HomeLight

JULY 25, 2023

Whether you’re facing financial difficulties or ready to downsize, it’s possible to sell your house for cash and avoid the traditional real estate market. No repairs, no staging, no showings — and close in as little as 10 days. Cash investors typically pay anywhere from 50% to 70% of market value. Mortgages are time-consuming.

Title search 79

Title search Staging Closing costs Title 79

HomeLight

APRIL 17, 2024

Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. Opendoor charges a 5% service fee and an estimated 1% for closing costs.

Seller concession 90

Seller concession Inspection Rent back Closing 90

HomeLight

OCTOBER 29, 2021

Let’s be honest: 2020 (and the bulk of 2021) have been pretty intense for all of us, and in many regions, the real estate market seems to reflect that stress. Take a look at these tips and insight into finding your way to homeownership as a first time buyer , as well as some things that you really shouldn’t do in today’s market.

Inspection 87

Inspection Loans VA loan Title 87

HomeLight

APRIL 26, 2023

If you need to sell your house fast in Tampa due to a relocation for work, a divorce, or because you need to quickly cash out your home’s equity, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. No fees or commissions: Many cash buyers will cover closing costs and fees.

Renovation 91

Renovation Closing Agents Sales 91

HomeLight

JULY 25, 2022

Because the market is competitive and it’s so common, it’s just assumed most properties are being sold “as is,’” she says. Most buyers enter the market and expect to make an as-is offer anyway.”. Average days on market for Florida. These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

As-is 85

As-is Purchase and sale agreement Inspection Closing costs 85

HomeLight

APRIL 27, 2023

Flippers typically make offers well below market value to account for the cost of needed repairs. Buy-and-hold investors: Buy-and-hold investors buy houses as long-term investments, often converting properties into rental units to build equity. Like flippers, these investors offer sellers below market value.

Inspection 82

Inspection Investor Closing Staging 82

HomeLight

AUGUST 24, 2022

Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average days on market for Connecticut. He’s also familiar with the local market conditions, and can advise the seller on things to do to make the house more appealing to buyers.

As-is 94

As-is Inspection Investor Closing costs 94

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

APRIL 21, 2023

If you need to sell your house fast in Austin, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity quickly, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent.

Renovation 68

Renovation Investor Agents Closing 68

HomeLight

SEPTEMBER 13, 2022

Selling a house to a family member is typically a much quicker and simpler process than selling on the open market. There are several ways to receive an estimate of your home’s current market value. The traditional methods are to get an appraisal or have a real estate agent conduct a comparative market analysis (CMA).

Purchase and sale agreement 91

Purchase and sale agreement Title Title search Finance 91

HomeLight

SEPTEMBER 1, 2022

We can’t always predict what the future holds — let’s be honest, we probably didn’t see ourselves locked down because of a pandemic or foresee the crazy real estate market that followed. Median home prices in June 2022, however, are down 4% from May 2022, a sign of some market cooling. Research the market. City-specific options.

Earnest money deposit 89

Earnest money deposit VA loan FHA loan Loans 89

Redfin

JULY 10, 2023

With Austin’s real estate market conditions, there are pros and cons to both sides of the debate, making it that much harder to decide between renting or buying a home. According to a new Redfin study, the average rent price in Austin is $2,951, while the estimated median monthly mortgage cost is $3,801.

New Construction 59

New Construction Equity Closing costs Purchase and sale agreement 59

HomeLight

APRIL 29, 2022

An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds. Skip repairs and close in as few as 10 days. However, in today’s real estate market, Washington sellers may be pleasantly surprised by current prices. Median days on market for Washington.

As-is 67

As-is Purchase and sale agreement Investor Inspection 67