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. Client education. Washington’s approach to marketing.

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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?

Purchase and sale agreement 103

Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 103

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.

Sales 94

Sales Purchase and sale agreement Due diligence Inspection 94

Housing Wire

DECEMBER 7, 2023

Students chose the school for its offering of live instruction classes for salespersons, brokers, appraisers, mortgage, and home inspection courses at various locations and convenient times, including weekend classes. After the class, you will receive the certificate for each state to renew both states’ licenses.

HR 346

HR Pre-approval Brokerage Commercial 346

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

OCTOBER 5, 2020

You’ll also have to think about securing the lender’s approval on the deal before you pay for an inspection and before your mortgage rate lock expires, in addition to other timeline management issues that your agent can help you understand. This means a short sale could require more due diligence on the buyer’s behalf.

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Short sale Sales Banks Due diligence 66

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

JUNE 28, 2021

Department of Housing and Urban Development , a government agency first created by President Lyndon B. Here, you’ll find a complete listing of HUD homes nationwide, along with photos, asking prices, appraisals, basic inspection results, bidding deadlines, and more. The inspection process. Source: (Jeremy Yap / Unsplash).

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Pre-approval Pre-qualification FHA loan Inspection 97

HomeLight

AUGUST 24, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. In the years since then, the company developed a mission to revitalize both homes and communities. Inspections / repairs. May need to lower the price if appraisal comes in low. Title search.

Closing costs 80

Closing costs Purchase and sale agreement Closing Staging 80

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 97

HomeLight

SEPTEMBER 15, 2021

Pre-listing inspection report. Home inspection report. Home appraisal report. A new contract can be signed without the old contract, and the new buyer will conduct new inspections and obtain a new title insurance policy.”. Give buyers time to conduct a lead inspection. Pre-listing inspection report.

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Purchase and sale agreement Inspection Title Pre-approval 113

HomeLight

MARCH 19, 2022

Unfortunately, too many homeowners fail to do the same due diligence when hiring the Realtor ® who’ll help them sell their most valuable asset. They want to make sure you’re doing your due diligence! Develop a plan to achieve your selling goals. Develop an effective pricing strategy. Find Agent.

Closing 95

Closing Due diligence Agents Staging 95

HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. The buyer does due diligence during the option period in Florida.

Sales 84

Sales Investor Due diligence Renovation 84

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. An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. Sometimes you still have the ability to back out.

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As-is Inspection Title search Inspection contingency 72

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.

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Purchase and sale agreement Finance Due diligence Investor 52

HomeLight

MAY 27, 2021

You’ll also need money for other costs that come with buying a home, from paying for a home inspection to covering the various fees you’ll be charged at closing. 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.

Loans 85

Loans Mortgages Title FHA loan 85

HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. If you’ve ever done any bidding on eBay or similar auction platforms, you’ve probably seen terms like “minimum bid” and “reserve.” “Not all auctions will allow you to use a mortgage, so be diligent with your research on each property.”.

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Title Due diligence Finance Inspection 109

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. You can save money by doing some of the work yourself, of course.

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House Flipping Renovation Investor Finance 91

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 72

Sales Investor House Flipping Pre-approval 72

HomeLight

MARCH 16, 2023

He adds that negotiations and home inspection issues could further reduce the price by 10%. 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. The buyer does due diligence during the option period in Texas.

Sales 68

Sales Purchase and sale agreement Earnest money deposit Investor 68

HomeLight

FEBRUARY 28, 2021

We also interviewed home remodeling and inspection specialists to help you avoid common pitfalls so you can learn how to navigate the market and buy a house in Salt Lake City. According to the Salt Lake City Economic Development, the largest sector in Salt Lake City is Health Care and Social Assistance , employing 34,483 workers.

Marketing 55

Marketing Inspection Inspection contingency Due diligence 55

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. Some builders may even provide a Home Energy Score , which is a scoring system developed by the U.S. Find Agent. How involved can I be?

Construction 107

Construction Purchase and sale agreement New Construction Inspection 107

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. Writing an offer and handling negotiations. Attending the closing and ensuring it goes smoothly.

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Agents Purchase and sale agreement Technology Seller concession 109

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. The appraisal can be a stressful point in the homebuying process for clients. The most common solution is to negotiate with the seller to bring down the price to the appraised value.

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Purchase and sale agreement Title Proof of funds Pre-approval 93