HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” What buyer contingencies might put a listing back on the market? You wonder, what’s the difference between under contract versus pending?

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 105

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This is the third update to the market map and includes over 100 additional companies — a testament to the pace of entrepreneurship in this segment.

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Technology Marketing Purchase and sale agreement Equity 135

Realty Biz

DECEMBER 12, 2022

There might be a prenuptial agreement, or you might be in a community property state or an equitable distribution state. There are three main ways property is divided in a divorce: Both spouses sell it and split the equity. Both spouses agree to defer a sale until a later date. One spouse buys out the other. The Family Home.

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Purchase and sale agreement Equity Sales Title 112

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Sales Purchase and sale agreement Due diligence Inspection 93

HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements. Lease-purchase agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

SEPTEMBER 30, 2020

Unexpected setbacks and misfortunes happen, whether that stems from a dramatic housing market downturn, getting laid off, or any other wrenches that life (or a worldwide pandemic) throws into your plans. If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. Short sales 101.

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RIS Media

OCTOBER 14, 2020

Appraisal Problems. The amount a lender will loan you is based on the appraised value of a house. If you agree to a sale price that’s less than the appraised value, you’ll have to pay the difference out of pocket. Lack of Equity. Higher Overall Cost.

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Purchase and sale agreement Closing costs Equity Renovation 98

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

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Purchase and sale agreement Inspection MLS Inspection contingency 101

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).

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Purchase and sale agreement Natural hazards disclosure Inspection Title 93

Redfin

JANUARY 25, 2021

When you purchase a house that ends up in need of a major repair, you could take a significant financial hit. The inspection contingency can protect you from purchasing a poor property investment because it allows you to back out of the deal if a major issue is discovered. 2) Appraisal contingency. 4) Home sale contingency.

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Purchase and sale agreement Home sale contingency Inspection contingency Title 76

Redfin

MAY 7, 2021

Homeowners in a seller’s market face a conundrum. You can expect high prices in a competitive housing market where homes are selling in record time. Here are six options to consider when deciding on selling and buying in a seller’s market. 6 options for selling and buying in a seller’s market.

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Purchase and sale agreement Marketing Equity Loans 77

HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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Redfin

APRIL 13, 2022

Simply put, a rent-to-own home is a residential property that you agree to live in as a rental for a set number of years with the option to purchase the house at the end of the rental term. With most rent-to-own agreements, the renter pays an additional monthly payment that goes toward the down payment. a mortgage).

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Purchase and sale agreement Equity Mortgages Due diligence 60

HomeLight

JULY 31, 2020

Real estate purchases made entirely with cash are rumored to create big benefits for homebuyers. With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. Image Source: (Shutterstock.com/Andy Dean Photography).

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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. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Chicago.

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HomeLight

AUGUST 16, 2021

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. 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?”

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Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

JUNE 13, 2022

Our Summer 2022 Top Agent Insights Survey is out now, and it shows how the real estate market is changing. is not what the housing market is going through. And those of you who responded are in agreement. You’ll hear them share stories of what’s happening in their markets. Homes are getting fewer offers.

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HomeLight

JULY 29, 2022

Getting an appraisal is just one of those steps in the homebuying process, but arguably one of the most important — an appraisal helps determine the value of a property. You may be wondering — when is the appraisal done when buying a home? What is a home appraisal? First things first, what is a home appraisal?

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Purchase and sale agreement Earnest money deposit Inspection Loans 87

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. Let’s dive right in! Why rent to own? for an FHA loan.

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Purchase and sale agreement Loans Inspection Closing costs 110

HomeLight

DECEMBER 6, 2021

You will just need to prepare for some additional complexities, such as: Taxes: It’s not a guarantee that you’ll owe taxes, but you may have to report a “gift of equity” that exceeds a certain amount to the IRS. Financing hoops: You may face additional scrutiny from the lender if your buyer will use a mortgage for their purchase.

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Purchase and sale agreement Marketing Equity Inspection 109

HomeLight

OCTOBER 1, 2020

But after the appraisal, the tides have turned — the price initially seemed right, but the appraiser doesn’t feel the same way. Do you know how to negotiate with a seller after a low appraisal? A low appraisal presents an opportunity for you to negotiate with the seller. Figure out why the appraisal is low.

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Purchase and sale agreement Short sale Rent back Sales 89

HomeLight

DECEMBER 29, 2021

Nervous sellers ask, “Will my house appraise for the selling price?”. Savvy sellers know that if their home is priced right, they stand a very good chance of having it appraise accordingly, and keep the sale on track. And, as she emphasizes, “Our homes appraise — period.”. When does a home appraisal happen and why?

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HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. Kick-out clauses are often employed when the buyers have to sell their current home first, and the sellers want to continue marketing their home in the meantime.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 97

HomeLight

JANUARY 5, 2022

Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. An agent won’t need to offer their full level of service to include yard signs, digital marketing, and professional photography, but they can act as a neutral go-between to prevent strain or awkwardness during negotiations.

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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 charge closing costs, a minimum fee, or a percentage of the sale price.

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HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. An offer has been accepted, and the sale is expected to close.

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HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? The destination’s great weather and tax-friendliness bring a steady stream of buyers to the market, and cash buyers help make sellers’ homes fly. A cash offer can lead to a speedier and lower hassle sale. Skip the appraisal.

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Purchase and sale agreement Title search Proof of funds Title 106

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).

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Purchase and sale agreement Title Title search Finance 97

Toronto Realty Blog

DECEMBER 14, 2020

Charging somebody an extra $3 on the purchase of printer ink, because there’s an assumption that they’re disposing of their previous printer ink, doesn’t make people purchase less ink. From 2003 onward, I started to hear people talk about a “market crash,” and it hasn’t stopped since.

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Purchase and sale agreement As-is Debt-to-income ratio Marketing 114

HomeLight

APRIL 14, 2023

Your California dream home has just come on the market, and you’re eager to make an offer. In this post, we’ve researched the expenses related to buying a home in California and gathered expert insights to help you understand just how much closing costs will set you back before you make the biggest purchase of your life.

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Closing costs Closing Purchase and sale agreement Title 92

Marco Santarelli

JUNE 25, 2021

Investing in real estate refers to any property owned solely for the purpose of generating profit, either through rental income or through market value appreciation. Purchase Money Mortgage/Seller Financing. However, with a purchase money mortgage, the seller extends finances to the buyer. Image: Pixabay. Hard Money Lenders.

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Purchase and sale agreement Hard money loan Equity Investor 133

HomeLight

APRIL 29, 2022

And if everyone involved isn’t aligned from the start, you can end up disagreeing on important details when it comes time to sell — potentially wrecking the sale and wasting all of the owners’ valuable time. Fortunately, there are ways to set up a smooth sale on a co-owned property. Joint Tenancy.

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HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Buy-and-hold investors are individuals who offer competitive prices for market-ready homes.

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Purchase and sale agreement Investor Agents Sales 108

HomeLight

MARCH 31, 2022

As housing prices skyrocket, many homeowners are considering ways to turn their growing home equity into cash. If you’re one of the 6 million Americans projected to sell a home this year, you may be trying to figure out exactly how much of that increasing equity will end up in your pocket after all is said and done. Sales price.

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Closing Purchase and sale agreement Title Title search 102

HomeLight

OCTOBER 4, 2021

A rent-to-own home is an agreement that allows the renter to buy the home from the landlord after a specific lease period. This is essentially a security deposit that ensures your right to purchase the property at the end of the lease. The purchase price of the home is locked in upfront to save any negotiation at the end of the lease.

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Purchase and sale agreement Pre-approval Agents Brokerage 141

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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