CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. At face value, working with cash buyers should be easy and simple. Cash, As-Is, no appraisals….easy easy peasy!

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HomeLight

SEPTEMBER 16, 2022

For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. If you don’t know what you want, the line disappears too quickly. What is an option period?

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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.” Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property.

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Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. If so, you’re in luck because this Redfin article is tailor-made just for you. Let’s get started!

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CT Homes

OCTOBER 30, 2020

In many markets property values have taken off to levels not seen in well over a decade. Depending on your financial situation and the growth of your market it may be a great time to explore cashing out and selling your home. It’s extremely important that you do your due diligence on every interested buyer that submits an offer.

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HomeLight

OCTOBER 17, 2022

HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing. DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. What is a seller’s disclosure?

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Realty Biz

FEBRUARY 20, 2021

Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. In extreme seller’s real estate markets, it is not uncommon for buyers to waive a home inspection as a way of sweetening their offer. Contingencies in Real Estate Explained.

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Realty Biz

NOVEMBER 11, 2020

How your real estate agent markets your property when an offer has been accepted can have vital implications. They will also get their earnest money deposit back , and the home will go back on the market. Will they be marketing the home properly? You’ll see an explanation of both a little bit later.

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Realty Biz

SEPTEMBER 14, 2023

Their responsibilities vary depending on the buyer, seller, or lender involved, as well as state requirements and complexities of the transaction. Hiring a reliable real estate attorney is essential for a smooth and legally sound transaction. I have written about what real estate attorneys do for sellers. Now, we will focus on buyers.

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HomeLight

OCTOBER 5, 2020

You definitely don’t want to overpay, especially considering you might need to pour a lot of money into repairs and other problems once the home is yours. One important factor in how much a house will go for at a foreclosure auction is its appraised value — the professional estimate of its worth in the current market.

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HomeLight

JUNE 23, 2022

If you need assistance navigating the legalities of keeping earnest money from a real estate transaction, HomeLight always encourages you to reach out to your own advisor. What is earnest money? Earnest money is often referred to as a “good faith” deposit. 5k for a $500K home).

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HomeLight

APRIL 19, 2021

But getting to live in such a cultural epicenter means getting ahead of an exceptionally competitive real estate market. We interviewed real estate experts with decades of experience to help you win a bid on your own home in Manhattan’s hyper-competitive, fast-paced market. Source: (Josephine Baran / Unsplash). million in condos.

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HomeLight

JULY 26, 2022

For sellers in neighborhoods with many recently sold homes, it can be easier to determine what their asking price should be based on estimated market value. For sellers in neighborhoods with many recently sold homes, it can be easier to determine what their asking price should be based on estimated market value. Is it a yard sale?

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Realty Biz

SEPTEMBER 4, 2023

Wholesale Properties Another way to get started with little money is to wholesale real estate deals. Finding outstanding deals takes skill and work, and then it takes a healthy buyer’s list and marketing strategy to find a buyer quickly for your contracted deal. What it doesn’t take is much money.

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Realty Biz

MAY 24, 2021

Another way to get started with little money is to wholesale real estate deals. Finding outstanding deals takes skill and work, and then it takes a healthy buyer’s list and marketing strategy to find a buyer quickly for your contracted deal. What it doesn’t take is much money. per month: roughly 18 times as much monthly savings.

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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? But that doesn’t mean the money will leave your account just yet. To make a long story very short, your down payment is officially due at the time of closing.

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HomeLight

APRIL 30, 2021

Competition is heating up in real estate markets across the country as homebuyers struggle to make their offers stand out from the pack. Homes fly off the market in days, not weeks; offers go well over asking price; and bidding wars are increasingly the norm. So you’d be at the top of the list above the other buyers.”.

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HomeLight

OCTOBER 15, 2020

From its role in the Civil Rights movement to its growing reputation as the Hollywood of the South , new residents have flocked to Atlanta for decades. People come for the wealth of jobs (Atlanta is home to Fortune 500 companies such as Delta Air Lines, Coca-Cola, and Home Depot), the four-season climate, and the affordable cost of living.

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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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HomeLight

OCTOBER 30, 2020

For example, let’s say the market crashes, and your 401(k) loses a huge amount of value overnight. You were planning to take money out of the account to cover your cash purchase. Suddenly, you have less money than you realized. Another issue that can come up is when a buyer wires money to the wrong account (imagine the horror!).

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HomeLight

MARCH 16, 2023

We’ve gathered insights from real estate experts to create this guide for navigating Houston’s cash home buyer market so you can sell your property in as fast a time frame as you require. But newcomers who invested in Houston’s sizzling real estate market are backing off during the downturn. Need to Sell Your House Fast in Houston?

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HomeLight

OCTOBER 29, 2020

The need for a competitive offer is stronger than ever these days, when experts nationwide agree that the events of 2020 have created a robust seller’s market. Is it an understatement to say that buying a house can be a complicated process? And that’s before buyers even start thinking about steps like making a contingent offer.

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HomeLight

JUNE 9, 2023

If a buyer asked you to front them the money to buy your house from you, you’d think they were crazy. Connect with a top agent near you to get an expert opinion on how much your house will sell for, what to fix before listing, and the latest local housing market trends. Learn More What is owner financing? That’s a 10% gap.”

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HomeLight

JULY 31, 2021

The bills are stacking up or perhaps you lost some income recently, and the money tied up in your home would help a ton at a time like this. turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. What you have is a house. What you need is cash.

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HomeLight

SEPTEMBER 1, 2022

We can’t always predict what the future holds — let’s be honest, we probably didn’t see ourselves locked down because of a pandemic or foresee the crazy real estate market that followed. Median home prices in June 2022, however, are down 4% from May 2022, a sign of some market cooling. But, it doesn’t have to be!

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HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. In a competitive market, paying cash could help you beat out other homebuyers. He speculates that this is likely due to “the competition we’re facing now. Why pay cash for a home?

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The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. After all, great communication leads to closed deals. Active contingent.

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