Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. An appraiser will help identify the actual value of a property, which can help you avoid overpaying. Let’s get started!

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Due diligence Earnest money deposit Investor Inspection 57

Housing Wire

DECEMBER 2, 2021

The imbalance has been particularly acute for third-party due diligence (TPR) firms that employ underwriters to review and assess the quality of loan pools used as collateral in private-label securitization deals. One solution advanced is to simply develop and recruit more underwriters for the private-label market.

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Due diligence Mortgages Technology Loans 382

Marco Santarelli

SEPTEMBER 6, 2023

In this article, we will delve into the importance of assessing land value for investment and why it serves as a crucial foundation for making informed decisions in the world of real estate and land development. Land Use Potential: The permitted land use and potential for development or zoning changes can greatly affect land value.

Land 52

Land Purchase and sale agreement Investor Due diligence 52

HomeLight

MARCH 13, 2023

Speed: One of the biggest benefits is a fast sale, as cash buyers are able to close the transaction quickly without the delays often associated with traditional home sales, such as waiting for financing approval or appraisal. The buyer does due diligence during the option period in California, which is typically one to 10 days.

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Sales Purchase and sale agreement Due diligence Inspection 89

The Residential Specialist

SEPTEMBER 28, 2020

David Washington, CRS, has been active in many facets of the real estate business over the past 15 years, including inspection, appraisal and brokerage services. So, from initial walkthrough, contract terms, inspection, due diligence, etc., Education is key. Washington’s focus is on education and information sharing.

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Due diligence Inspection Staging Technology 98

HomeLight

JUNE 19, 2023

In addition, you’ll want to have any inspections , appraisals , and testing done prior to signing the contract. So whether you’re looking at a lease purchase or a lease option, it’s best to do your due diligence before getting too far. Remember that plan you developed with your agent? Now is the time to implement it.

Purchase and sale agreement 101

Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 101

Housing Wire

JUNE 28, 2023

This week, Fannie Mae published a new frequently asked questions (FAQ) document related to RefiNow, the refinancing product announced by the Federal Housing Finance Agency (FHFA) in 2021 that targets low-income borrowers with single-family mortgages backed by the government-sponsored enterprises (GSEs).

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Due diligence Loans Finance Mortgages 370

Easy Agent Pro

APRIL 30, 2021

Budgeting, credit scores, how to prepare for the buying/selling process, down payment assistance programs, appraisals, inspections and VA/FHA loan information are just a few. Develop a landing page where they can sign up and then direct mail a postcard or deliver a door hanger that lists the landing page’s URL.

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Due diligence FHA loan Land Agents 110

HomeLight

OCTOBER 5, 2020

Additional contingencies that will support a beneficial short sale contract for the buyer include the condition of the property, the appraisal, and the financing. In this case, the research and development phase begins, to determine what a fair-market value would be. So it’s a very specific listing. Fine-tuning your best offer.

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Short sale Sales Banks Due diligence 63

HomeLight

JUNE 28, 2021

From bidding to buying to financing to special incentives — we’re talking all things HUD homes to help you decide if this property type fits your financials and lifestyle. Department of Housing and Urban Development , a government agency first created by President Lyndon B. Source: (Jeremy Yap / Unsplash). What is HUD?

Pre-approval 93

Pre-approval Pre-qualification FHA loan Inspection 93

HomeLight

AUGUST 24, 2022

In the years since then, the company developed a mission to revitalize both homes and communities. The selling process at Cash Buyer New Jersey is straightforward, with the same slim due diligence and closing periods as other cash-offer businesses. May need to lower the price if appraisal comes in low. Title search.

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Closing costs Purchase and sale agreement Closing Staging 75

Realty Biz

MAY 4, 2021

Real estate development is quite a bit different from traditional real estate investing. The appeal of real estate development is the potential for higher operating profits during ownership and larger capital gains upon sale. Residential Development Project Scope.

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Development Purchase and sale agreement Land Due diligence 103

Realty Biz

JUNE 4, 2023

When it comes to developers, the volume of data increases significantly. Faster and Safer Real Estate Due Diligence Whether it is a traditional real estate sale/purchase or inviting investors to finance a project, due diligence is a crucial part of the process.

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Due diligence Investor Title search Development 84

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. You also gain practical experience and learn how to evaluate real estate properties.

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Purchase and sale agreement Finance Due diligence Investor 52

HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. But if you’ll need financing, now is the time to talk with a lender. Many home auctions require full payment at the time of purchase, while others may allow a short grace period to finalize financing. Source: (Willy Barton / ShutterStock). Do your research.

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Title Due diligence Finance Inspection 108

HomeLight

SEPTEMBER 15, 2021

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. The mortgage lender might require a copy to finance the sale, so it would be good to have copies available just in case.”. Mandatory disclosures.

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Purchase and sale agreement Inspection Title Pre-approval 113

Realty Biz

MARCH 14, 2023

You will own the unit and share ownership of the common areas in the development. When financing your purchase, the requirements are easier, and the terms are better when buying a house. A condo development could have problems with the amenities, or there could be issues with financing. Is The Condo FHA Approved?

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FHA loan Due diligence Development Finance 87

HomeLight

MARCH 13, 2023

Insurance companies may not insure homes with aluminum wiring or Federal Pacific Stab-Lok electrical panels due to the greater risk of fire. 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.

Sales 79

Sales Investor Due diligence Renovation 79

Housing Wire

JANUARY 11, 2022

Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I I was extremely upset that any of that stuff would be in an appraisal report.”.

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Due diligence As-is Residential Finance 392

HomeLight

MAY 27, 2021

Step 1: Prepare your finances. Before you can get a mortgage, you have to have your finances in line. FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. Step 9: Do your due diligence. Step 10: Clear the appraisal. Source: (Matthew Henry / Burst).

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Loans Mortgages Title FHA loan 81

HomeLight

MARCH 10, 2023

The successful flippers are the ones who have developed good relationships with contractors to keep them honest.” Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. Disclaimer : As always, there are benefits and drawbacks to each financing option.

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House Flipping Renovation Investor Finance 86

Marco Santarelli

FEBRUARY 1, 2023

Plus, subscriber websites such as Electronic Appraiser (www.electronicappraiser.com) give you detailed information, particularly in areas where online data is scarce. A professional appraiser typically looks at houses within a one-mile radius or less, and so should you. One exception is with condominium developments.

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Marketing MLS Due diligence Sales 88

HomeLight

MAY 28, 2021

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home.

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HomeLight

MARCH 13, 2023

You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. The buyer does due diligence during the agreed-upon option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days).

Sales 69

Sales Investor House Flipping Pre-approval 69

Marco Santarelli

AUGUST 17, 2020

Instead, we’re going to focus on the best real estate websites that make it easier to perform due diligence when researching properties and simplify the process of finding, vetting, and managing tenants. Zillow Home Loans, Zillow’s affiliated lender, provides mortgage pre-approval and financing. Credits: Redfin.com.

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Purchase and sale agreement Investor Land MLS 103

HomeLight

MARCH 16, 2023

You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. 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.

Sales 65

Sales Purchase and sale agreement Earnest money deposit Investor 65

HomeLight

SEPTEMBER 30, 2022

Even with new construction homes it’s important to do your due diligence. You may want to get a copy of the area’s development plans to review current and future traffic patterns. What are my financing options? Even if a builder offers you a sweet financing deal, you still want to shop around. Find Agent.

Construction 105

Construction Purchase and sale agreement New Construction Inspection 105

HomeLight

NOVEMBER 30, 2022

Overseeing the next steps once an offer is accepted — helping with financing approval, keeping track of timelines, explaining the inspection report. I think the biggest thing is developing that relationship through the interview. Walking through homes with you and gauging your interest. Lending emotional support during the process.

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Agents Purchase and sale agreement Technology Seller concession 109

The Close

DECEMBER 29, 2022

The appraisal can be a stressful point in the homebuying process for clients. If an appraiser assigns a lower value to the property than what the buyer has offered, the lender might not fund the entire loan amount. The appraiser, after all, is computing the fair market value of a property to ensure that the loan amount is reasonable.

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Purchase and sale agreement Title Proof of funds Pre-approval 98