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?

Pre-approval 95

Pre-approval Pre-qualification FHA loan Inspection 95

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. “One There are online tips and tools available to help you find bank-owned homes. REOs for short, these kinds of sales expose buyers to a lot of potential risk.

Banks 105

Banks Pre-qualification Investor Short sale 105

HomeLight

MARCH 10, 2023

If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. A top real estate agent can help. The goal is to buy low and sell for a high profit — one that covers both the home’s initial cost and any improvements.

House Flipping 89

House Flipping Renovation Investor Finance 89

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.”

Purchase and sale agreement 98

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