HomeLight

AUGUST 31, 2021

From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. If sellers get paid at closing either way, why is cash better?

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Realty Biz

MARCH 16, 2023

This premium is paid at closing. The FHA limits the amount lenders can charge in closing costs, which can be paid by sellers or added to the loan amount. If so, you have probably decided now is a good time to buy a house. FHA loans allow you to pay 3.5% even if your credit isn't the best. So is this type of loan right for you?

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FHA loan Loans Debt-to-income ratio Due diligence 90

HomeLight

APRIL 13, 2023

Once you’ve found your dream house in Florida and settled on the purchase price, you might think you know the final cost you’re responsible for. However, there’s another set of fees and charges you must be prepared for, and those are closing costs. Find a Buyer's Agent What are closing costs? of the sales price.

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Closing costs Closing Title Inspection 77

Fancy Pants Homes

JUNE 9, 2022

The cost of living (which takes into account food, housing, and education) has increased by 2.3% Nearly half of Americans (47%) say the higher cost of living is the greatest threat to financial security, feeling that rising everyday expenses threaten their long-term financial health, CNBC reports. Refinancing costs some money.

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Mortgages Due diligence Equity Fixed-rate mortgage 59

HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. 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. Need to Sell Your House Fast in Los Angeles? No showings, no repairs, no open houses.

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Sales Purchase and sale agreement Due diligence Inspection 90

HomeLight

APRIL 11, 2023

Receive your offer within a week and close in as little as 10 days. Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Santa Barbara area “we buy houses” companies should not be considered an endorsement. No showings, no repairs, no open houses.

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Purchase and sale agreement Closing costs Closing Sales 85

Norada Real Estate

JANUARY 26, 2023

How to Negotiate Deals Due diligence is essential when considering any real estate investment. How to Negotiate Deals Due diligence is essential when considering any real estate investment. Real estate investment isn't like any other kind of investment. Yes, at the core of all investments, there's money and risk involved.

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Investor Due diligence Renovation Property Management 52

RIS Media

OCTOBER 22, 2020

Have your buyers speak with different lenders to get the lowest possible rate, and have them ask questions about interest rate, down payment amount and estimated closing costs. Due diligence for home improvements is also important, says Zillow. The property should be within their budget and also fit their needs.

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Pre-qualification Pre-approval Due diligence Finance 75

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

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Realty Biz

SEPTEMBER 14, 2023

Understanding the cost of a lawyer for real estate will be one of the first things to get a handle on, especially when you're a first-time home buyer. Maximum Real Estate is an excellent resource for covering attorney costs. Hiring a reliable real estate attorney is essential for a smooth and legally sound transaction.

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HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement.

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Purchase and sale agreement Title Closing costs Seller disclosure 84

HomeLight

AUGUST 31, 2021

Choosing not to exercise your purchase option will almost certainly result in the loss of your option money — that’s the fee you would have either paid as a lump sum up-front, or paid towards each month with your rent payment — but you won’t be on the hook to commit to closing on a home you no longer want. Updated August 31, 2021.

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Purchase and sale agreement Due diligence Closing costs Mortgages 122

HomeLight

AUGUST 24, 2022

Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in New Jersey typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. If you accept the offer, you’ll both sign a contract and the closing process will begin. Request Offer.

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Closing costs Purchase and sale agreement Closing Staging 77

HomeLight

FEBRUARY 21, 2023

Skip repairs and close in as few as 10 days. Real estate attorneys are considered essential for closing in the state of Georgia Real estate transfer taxes? Looking to sell a house “as is” in Georgia? With 20 years of experience, she’s seen homes sold in almost every condition. MLS has field to mark a listing “as is”?

As-is 76

As-is Investor Inspection Closing costs 76

Redfin

MARCH 12, 2021

As you close in on making an offer on a home, your real estate agent – or the seller’s agent – will ask about “earnest money.” In most cases, your earnest money deposit is paid to the escrow or title company , which holds it in an escrow account until the transaction closes. How does earnest money work?

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Earnest money deposit Purchase and sale agreement Due diligence Inspection 75

Redfin

JULY 27, 2023

For many living in Raleigh, this means it costs less to rent a home than buy a home in today’s market. There is something for everyone, with temperate seasons and affordable cost of living compared to some of the Nations bigger meccas. Our area offers the charm of the South with the progressive feel of the North.

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Equity Due diligence New Construction Closing costs 49

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Looking for a way to snag a home at a steal of a deal? Source: (Jeremy Yap / Unsplash). What is HUD?

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Pre-approval Pre-qualification FHA loan Inspection 94

HomeLight

AUGUST 24, 2022

Real estate attorneys are considered essential for closing in the state of Connecticut. Looking to sell a house “as is” in Connecticut? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Sell Your Home As-Is With a Competitive Cash Offer. Disclosures.

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As-is Inspection Investor Closing costs 97

The Close

APRIL 11, 2023

But This Carpeting Cost Us an Arm & a Leg in 1987!! A listing agent I know promises a free abacus with every closed deal, but I wouldn’t count on it. Is the market roller coaster of 2023 getting to you? Need a little pick-me-up? Download 18 Hilarious Real Estate Jokes Agents-Only Jokes The Dual Agent How does a dual agent sleep?

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Agents Due diligence Brokerage Land 145

HomeLight

MAY 26, 2021

Now it’s all about preparing for your closing. That means that between the time your offer is accepted and the day you close on your home, you and your lender will be in frequent contact as they review your finances and prepare your loan. One piece of information your lender will look at closely is the home appraisal.

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Inspection Residential Due diligence Title search 94

HomeLight

MARCH 30, 2022

Reduce the time it takes to close your sale. According to January 2022 data reported by the National Association of Realtors®, more than one-fifth of terminated contracts were ended due to financing issues , while inspection concerns ended one quarter of terminated real estate deals. Benefits of real estate cash buyers.

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Sales Investor Renovation Due diligence 95

Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

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Title Lending Due diligence Title search 251

Marco Santarelli

SEPTEMBER 6, 2023

Introduction Investing in land is a significant financial decision that can yield substantial returns if approached with careful consideration and strategic planning. One crucial aspect to address is determining “How Much Over Assessed Value Should You Pay for Land?” It allows them to identify any potential overpayment or undervaluation.

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Land Purchase and sale agreement Investor Due diligence 52

Redfin

MAY 2, 2023

However, living in Colorado can also come with challenges, such as a high cost of living, traffic congestion in urban areas, and extreme weather conditions. Colorado, the land of breathtaking natural beauty and endless outdoor adventures, is a wonderful place to call home. While the process may seem intimidating at first, fear not.

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Pre-approval FHA loan Loans Finance 56

Housing Wire

MARCH 22, 2024

Local real estate professionals attribute the slower market to a variety of factors including higher home prices, which have remained steady despite the slowdown, higher interest rates , and rising costs for homeowners and flood insurance. We are seeing a healthy increase in inventory, which we really needed.” In comparison, the average U.S.

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Marketing Seller concession Due diligence Days on market 388

HomeLight

AUGUST 16, 2021

“One of the best lessons I have learned over the years from other investors is that you don’t find deals, you make them,” explains Mark Motes, a real estate investor at Mark Buys Houses , who buys fixer-upper properties in the Birmingham, Alabama, market with a team of local experts. There is never a perfect investment situation.

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Banks Pre-qualification Investor Short sale 104

HomeLight

APRIL 19, 2021

Condos cost 30% more on average than co-ops,” says Dylan Hoffman , a local agent with over 19 years of experience, who’s sold 37% more properties than the average New York agent. Closing costs can range from 2.5% One-bedroom apartments in co-ops can start at $700,000 in co-ops compared to $1.2 million in condos.

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Earnest money deposit Inspection Due diligence Agents 62

HomeLight

JULY 12, 2022

Get cash fast: Unexpected expenses that pile up due to job loss, hospitalization, or even inflation might cause you to consider how to quickly convert your equity to cash , so you can relieve debt. Because they can close in as little as 10 days, online quote companies may be the solution to help protect your hard-earned equity.

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Purchase and sale agreement Investor Equity Closing 83

HomeLight

JUNE 23, 2022

In this guide, we’ll outline the scenarios where you’re vulnerable as a seller, where you’re in the right to claim the earnest money due to the buyer failing to uphold their end of the contract, and what things you can do to protect yourself against the risk of a buyer pulling out at the last moment. What is earnest money?

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 107

HomeLight

DECEMBER 30, 2021

Here’s an overview of what a real estate lawyer does, when you’ll need one, and what it will cost you to use one. Here’s an overview of what a real estate lawyer does, when you’ll need one, and what it will cost you to use one. Buying a house is a pretty big deal. If you work with a buyer’s agent, you’ll sign a contract. Matt Laricy.

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Purchase and sale agreement Title Short sale Closing 75

HomeLight

APRIL 29, 2022

Skip repairs and close in as few as 10 days. Real estate attorneys are not considered essential for closing in the state of Washington, but it may be advisable to hire one. Selling your Washington home “as is”? Sell 'As Is' With a Cash Offer. Request Cash Offer. Request Cash Offer. Median sales price in Washington State. Disclosures.

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As-is Purchase and sale agreement Investor Inspection 70

Redfin

MARCH 3, 2022

Sometimes when a homebuyer wants to close on the home as quickly as possible, it can lead to unrealistic contract dates. However, there are often unpredictable roadblocks that can arise during the closing process that will push back your closing and keep you from meeting your deadlines.

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Closing Title search Purchase and sale agreement Title 62

HomeLight

MARCH 22, 2022

North Carolina continues to stand out as a top destination for homebuyers. Who doesn’t love the charm that popular Netflix shows (we’re looking at you, Outer Banks ) make us weep to call home? But the property prices in the state may make you weep for a different reason. Real Estate. “I Source: (Gene Gallin / Unsplash).

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Due diligence Closing costs Earnest money deposit Loans 88

HomeLight

OCTOBER 30, 2020

But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. With a mortgage, there are all kinds of things that can go wrong to delay closing — financing issues and appraisals coming in low are two of the most common.

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Closing Inspection contingency Title search Purchase and sale agreement 111

HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. Looking for cash home buyers in Orlando? Need to Sell Your House Fast in Orlando? No showings, no repairs, no open houses. million people by 2030.

Sales 80

Sales Investor Due diligence Renovation 80

HomeLight

APRIL 30, 2021

Anyone asking the seller to help them with closing costs. Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. How long does it take to close with cash?

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Due diligence Finance Proof of funds Earnest money deposit 100

HomeLight

AUGUST 9, 2022

With the help of real estate experts, we’re breaking down all the details for how much you should pay and when the down payment is due. When is the down payment due? To make a long story very short, your down payment is officially due at the time of closing. So the down payment is due at closing?

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