HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Short sale Sales Pre-approval Pre-qualification 78

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

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Short sale Loans Sales FHA loan 138

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.

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Short sale Sales Pre-approval Equity 85

HomeLight

FEBRUARY 17, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Texas. Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in Texas typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days.

Closing costs 75

Closing costs Closing Sales Staging 75

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Minnesota Median sales price in Minnesota $334,900 Average days on market (DOM) for Minnesota 32 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement. Yes Is a real estate attorney required?

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As-is Inspection Finance Investor 94

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

VA loan 70

VA loan Purchase and sale agreement Short sale Pre-approval 70

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house. First: What’s a short sale?

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Short sale Sales Purchase and sale agreement Banks 86

HomeLight

FEBRUARY 28, 2022

Whatever the case, a We Buy Houses for Cash company could be the best solution if you’re looking for a quick and easy sale. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Colorado. Get an offer in as few as 48 hours and close in as little as 10 days.

Closing costs 79

Closing costs Closing Sales Staging 79

HomeLight

DECEMBER 6, 2022

Receive your offer within a week and close in as little as 10 days. We Buy Houses companies in Denver typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. No showings, no repairs, no open houses. Request Offer.

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Purchase and sale agreement Closing costs Closing Sales 88

HomeLight

OCTOBER 30, 2020

When you still have months left until the bank starts initiating foreclosure, you have time to prep your home for sale , so that it shows well and sells for the best possible price. If you’re wondering, “Can I sell my home if it is in foreclosure?” Your gut instinct may be to ignore the problem and let it fester, hoping it’ll just go away.

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Short sale Banks Equity Mortgages 104

HomeLight

FEBRUARY 16, 2023

Maybe you’ve inherited property that’s not in the best shape, and a quick sale is the simplest way to settle the debts of an estate. Or perhaps other life circumstances such as an illness, divorce, or downsizing have left you in a bind, and a quick home sale would give you peace of mind, extra money, and a fresh start.

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Purchase and sale agreement Closing costs Closing Sales 84

HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in Atlanta typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days.

Closing costs 78

Closing costs Purchase and sale agreement Closing Inspection 78

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in Maryland. They want to sell as-is.”.

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As-is Inspection Investor Closing costs 102

HomeLight

MAY 23, 2022

Josh Muncey , a real estate agent with over $500 million in career sales and 16 years of experience selling in greater Boston, Massachusetts, says, “it’s hard to find a market in the Boston area that’s not feeling red hot lately.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

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As-is Inspection Investor Sales 93

HomeLight

SEPTEMBER 30, 2020

And what about those closing costs or repair expenses? Sanchez adds that major credit setbacks such as a short sale or foreclosure means a buyer will most likely have to wait at least seven years before being able to qualify for a new loan. How much will they set you back?

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Closing costs Loans Short sale Finance 85

HomeLight

AUGUST 24, 2022

Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in New Jersey. Get an offer in as few as 48 hours and close in as little as 10 days.

Closing costs 78

Closing costs Purchase and sale agreement Closing Staging 78

HomeLight

SEPTEMBER 1, 2022

Appraisers base their reports on recent sales, but the purchase price data they use could be a few months old as most prices are negotiated well before the sale actually closes. The bad news is that you still have an 8% to 10% chance of encountering a low appraisal. What is a low appraisal?

Purchase and sale agreement 80

Purchase and sale agreement Earnest money deposit Short sale Loans 80

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

Short sale 60

Short sale Sales Pre-approval Closing costs 60

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in North Carolina. Real estate attorneys are considered essential for closing in the state of North Carolina. Sell 'As Is' With a Cash Offer.

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As-is Purchase and sale agreement VA loan Inspection 86

Realtor.com

DECEMBER 14, 2022

Those still scarred from the Great Recession will remember watching in horror as millions of homeowners lost their properties to foreclosures and short sales after their mortgage payments suddenly spiked. But if rates stay elevated, or worse, rise, buyers could be saddled with higher payments that may be tough to afford.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans VA loan 102

Realtor.com

DECEMBER 14, 2022

Those still scarred from the Great Recession will remember watching in horror as millions of homeowners lost their properties to foreclosures and short sales after their mortgage payments suddenly spiked. But if rates stay elevated, or worse, rise, buyers could be saddled with higher payments that may be tough to afford.

Fixed-rate mortgage 99

Fixed-rate mortgage Mortgages Loans VA loan 99

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure.

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As-is Purchase and sale agreement Inspection Closing costs 98

HomeLight

MARCH 31, 2022

If you want to sell your home, but it has large issues you don’t have the time, money or desire to fix, you may consider listing your house for sale “as is.”. In this guide, we’ll walk you though what an “as is” sale really means — and what it doesn’t. An “as is” sale is pretty self-explanatory, but it comes with a few caveats.

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As-is Inspection Investor Short sale 119

HomeLight

MAY 23, 2022

Either there are a couple of issues with the house that they want to disclose but not necessarily repair or they’re selling a house as part of an estate sale and don’t know a lot about it.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Wisconsin.

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As-is Inspection Investor Closing costs 108

HomeLight

AUGUST 16, 2021

What is an REO sale? If it sells, the lender recoups some of the outstanding loan amount through the sale. There is never a perfect investment situation. It is your skill as an investor to make educated decisions about your investment decisions.”. Source: (Andre W. Nguyen / Unsplash). Finding REO homes: How the experts do it.

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

APRIL 15, 2022

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

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Title House Flipping Title search Sales 85

HomeLight

DECEMBER 29, 2020

You’ll be more likely to receive multiple offers and choose the best terms, such as the closing date.”. Sellers have equity, and short sales are unlikely. Also, homeowners with equity in their home are unlikely to need to negotiate a short sale because they won’t be underwater on their mortgage loan.

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Short sale Loans Equity Sales 92

HomeLight

JANUARY 3, 2022

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. Sellers then pick a move date, and can often close in as little as two weeks. But the right method comes down to personal preference more so than one method always being better than the other.

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Agents Title Inspection Title search 95

HomeLight

DECEMBER 30, 2021

Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. 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.

Purchase and sale agreement 77

Purchase and sale agreement Title Short sale Closing 77

HomeLight

SEPTEMBER 30, 2021

Here are the quick points to know on how to sell a house with a mortgage: You’ll use the proceeds from the sale of your home to pay off your existing mortgage balance. Your lender will receive their payout at the time of closing. Input your address, answer the short questionnaire, and we’ll provide you with an instant estimate.

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Mortgages Debt-to-income ratio Equity Closing costs 101

HomeLight

APRIL 29, 2022

Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 71

HomeLight

MARCH 30, 2022

His client received a cash offer of $60,000 over the asking price, but the sale likely would have fallen through because of a low appraisal if the buyer needed financing. Reduce the time it takes to close your sale. Take away risks of your sale falling through. Keep it simple with HomeLight’s Simple Sale platform.

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Sales Investor Renovation Due diligence 96

HomeLight

DECEMBER 31, 2020

After commissions and closing costs, he profited about about $85,000. If I had used all of the rent to pay down the mortgage, I would only owe around $40,000 today, so I would have $185,000 in equity (minus commissions and closing costs) if I still owned the property,” he says. Source: (Juliana Malta / Unsplash).

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Equity Investor Closing costs Property Management 76

Kyle Handy

JANUARY 20, 2023

They aren’t closing these deals through PayPal but are trying to source a buyer as an FSBO homeowner. They’re someone investing in and improving their community. They’re putting old and damaged housing stock back onto the market. So, let’s look deeper at my favorite strategies for finding houses to flip.

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House Flipping Bankruptcy Investor Renovation 89

Redfin

DECEMBER 7, 2020

American homeowners have gained $2 trillion dollars in home equity since the beginning of the pandemic alone, thanks to double-digit price growth driven by soaring homebuyer demand as the supply of homes for sale fell to historic lows. And an impending wave of foreclosed homes will only make a small dent in the inventory drought.

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Marketing Equity Investor Loans 79

HomeLight

FEBRUARY 26, 2021

According to HomeLight’s data, a deep clean can add more than $1,700 to a home’s sale price, and is likely to speed up the sale process. According to HomeLight’s data, a deep clean can add more than $1,700 to a home’s sale price, and is likely to speed up the sale process. Source: (Rasanoa vz / Unsplash).

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Investor Inspection Renovation Sales 89

HomeLight

JANUARY 10, 2023

We Buy Houses companies in Florida 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. Some companies offer a large deposit or moving cost assistance, and a few may even pay for the home upfront.

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Closing costs Purchase and sale agreement Closing Sales 85