Remove As-is Remove Earnest money deposit Remove Investor Remove Proof of funds
article thumbnail

What to Look for in a Strong Cash Buyer

CT Homes

The earnest money deposit should be substantial and submitted to escrow within 72 hours of offer acceptance or sooner. One of the basic items investors should provide when submitting an offer is a proof of funds letter. What if you knew what to look for at the beginning of your home-selling journey?

article thumbnail

How to Sell your Home for Cash: The Process!

CT Homes

Not only can you control the transaction but you can save money on commission, putting more money in your pocket. Remember: accepting an offer that doesn’t end up closing not only wastes your time, and potentially money, but deters you from negotiating with real buyers who are legitimately qualified.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

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.

article thumbnail

Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document. How does bidding work? Source: (Flipboard / Unsplash).

article thumbnail

Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 In the last six months, Ramcharitar has seen a surge of wholesalers and inexperienced investors trying to unload properties.

Sales 62
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. 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.” Active contingent. Sure, deals can fall apart.