HomeLight

AUGUST 12, 2022

On the flip side, some buyers in today’s seller’s market are trying so hard to compete that they submit an as-is offer indicating their willingness to purchase the property without expecting the seller to make changes. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

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As-is Purchase and sale agreement Investor Closing costs 90

CT Homes

MARCH 7, 2024

A mortgage is essentially a loan from a bank or financial institution that enables you to purchase a home. A mortgage is essentially a loan from a bank or financial institution that enables you to purchase a home. This figure represents how much you need to pay to settle your mortgage in full at the time of sale.

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Purchase and sale agreement Mortgages Equity Short sale 78

HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” In this post, we’ll explain terms like “under contract,” “sale pending,” and “active under contract” and how they might impact your home-buying journey.

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 98

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 69

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Sales Purchase and sale agreement Due diligence Inspection 88

HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. These clauses are most often used when a buyer needs to sell their current home before purchasing a new one. You’re facing being kicked out of the deal because someone has made a better offer.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 92

HomeLight

DECEMBER 10, 2021

Just how much do you stand to lose if you list your home as an as-is sale ? When selling your house as is, the buyer purchases the home with the understanding that the seller chooses not to make any repairs or improvements. Also, an as-is sale doesn’t preclude the buyer from inspecting the property.

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As-is Purchase and sale agreement Investor Closing costs 87

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

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Short sale Closing costs Closing Sales 97

HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Can you really rent-to-own a house like you would a refrigerator?

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

DECEMBER 6, 2021

You will just need to prepare for some additional complexities, such as: Taxes: It’s not a guarantee that you’ll owe taxes, but you may have to report a “gift of equity” that exceeds a certain amount to the IRS. Financing hoops: You may face additional scrutiny from the lender if your buyer will use a mortgage for their purchase.

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Purchase and sale agreement Marketing Equity Inspection 106

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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Sales Purchase and sale agreement Earnest money deposit Investor 65

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. You need to build or improve your credit. for an FHA loan.

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Purchase and sale agreement Loans Inspection Closing costs 106

HomeLight

MAY 3, 2023

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Selling fee Typical % of sale price Real estate agent commission 5.8% Selling fee Typical % of sale price Real estate agent commission 5.8% of the property sales price. It’s fast, and it’s free.

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Seller concession Purchase and sale agreement Inspection Title 107

HomeLight

JULY 6, 2023

Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon. Buyers also can use the findings of an inspection to negotiate for repairs or credits. Step one: Talk to an expert!

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MLS Backup offer Inspection contingency Purchase and sale agreement 90

HomeLight

SEPTEMBER 13, 2022

If the IRS decides to audit the transaction, then you’ll have documentation to prove your home’s fair market value at the time of the sale. AVMs use publicly available data and recent sales records to generate a value range based on the current market conditions. Selling a house to a family member can be very rewarding.

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Purchase and sale agreement Title Title search Finance 91

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado. Quick FSBO overview.

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Purchase and sale agreement Inspection MLS Inspection contingency 95

HomeLight

FEBRUARY 14, 2022

These possibilities can be stipulated in the rent-to-own agreement — which is also sometimes referred to as lease-purchase, or a lease-option agreement. With a rent-to-own or a lease-purchase agreement, however, the tenant has already agreed to buy the home after a specified period. Currently accepting new clients.

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Purchase and sale agreement Due diligence Finance Equity 81

HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Average time on market: 24 days (November 2022).

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Purchase and sale agreement Natural hazards disclosure Inspection Title 87

HomeLight

MARCH 31, 2022

Call a reputable local home inspector for an optional pre-listing home inspection to get ahead of any issues or necessary repairs. There are many people out there you might want to hire to help with a sale, but aside from a great real estate agent, a good cleaner is the most important. Where on earth is it? Eric Schuell. Eric Schuell.

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Purchase and sale agreement Title Inspection Agents 117

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. properties with a foreclosure filing. This becomes REO.

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Purchase and sale agreement Short sale Loans Inspection 101

HomeLight

JULY 29, 2022

Once your offer has been accepted by the seller and you have signed the purchase contract, it’s time to order an appraisal. And, there are a lot of steps to the process that may seem surprising or unexpected. You may be wondering — when is the appraisal done when buying a home? Let’s dive into what you need to know. What is a home appraisal?

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Purchase and sale agreement Earnest money deposit Inspection Loans 82

Broke Agent Media

MAY 16, 2023

After all, the harder it is to buy a home, the more difficult it is for buyer-sellers to move ahead with a sale. It’s also true that, while both sides do share some concerns, buyers and sellers generally approach a home purchase/sale with a different set of objectives. Source: Opendoor Across the U.S.,

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Marketing Purchase and sale agreement Construction Equity 98

HomeLight

JUNE 19, 2023

Tell us a little bit about your plans (where you’re looking to buy and when you want to make a purchase) and we’ll connect you with top-rated buyer’s agents in your area. LandWatch is a free online resource you can use to search for rural properties and land for sale. It’s a plot of land. What are zoning laws?

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Land Proof of funds Purchase and sale agreement Title 105

HomeLight

OCTOBER 25, 2021

“In the right scenario, yes,” it may make sense to sell to your renter, says AJ Petterson with The Advisory Realty Group , a high performance real estate team in Minneapolis that also specializes in Townhome sales. As is advisable in any home sale, work with a top real estate agent to evaluate the strength of your renter’s offer.

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Purchase and sale agreement Title Closing Equity 92

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. ” A. What About ARMs?

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

HomeLight

JANUARY 5, 2022

Find an Agent to Coordinate a Sale Among Friends. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. This place is gorgeous! If you ever decide to sell, please let me know.”.

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Pre-approval Purchase and sale agreement Title search Title 103

HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.

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Purchase and sale agreement Title search Proof of funds Title 102

HomeLight

MARCH 23, 2023

Fortunately, with guidance from the right Realtor®, you can still close a successful home sale that allows each spouse to walk away with the maximum amount of equity. Fortunately, with guidance from the right Realtor®, you can still close a successful home sale that allows each spouse to walk away with the maximum amount of equity.

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Purchase and sale agreement Equity Sales Agents 93

Redfin

JANUARY 25, 2021

1) Home inspection contingency. As the buyer you should always order a home inspection. When you purchase a house that ends up in need of a major repair, you could take a significant financial hit. 4) Home sale contingency. 2) Appraisal contingency. 3) Financing contingency.

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Purchase and sale agreement Home sale contingency Inspection contingency Title 79

HomeLight

JULY 29, 2022

That is a lot of additional money to spend after taking on the financial burden of a home purchase. Request a detailed roof inspection. This detailed inspection will confirm whether or not a replacement is needed and if you need to ready your bargaining skills. Then, the inspector calls to share some news.

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Purchase and sale agreement Inspection Agents As-is 77

Realty Biz

MAY 16, 2022

With so few homes for sale, buyers are fighting over each property that hits the market. Waive Your Home Inspection. Waiving a home inspection is somewhat of a gamble but the odds you’re buying a home with some catastrophic problem is low. For sellers, it has been a dream come true.

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Earnest money deposit Purchase and sale agreement Rent back Inspection 95

HomeLight

JULY 31, 2020

Real estate purchases made entirely with cash are rumored to create big benefits for homebuyers. With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. Image Source: (Shutterstock.com/Andy Dean Photography).

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Purchase and sale agreement Inspection contingency Proof of funds Finance 97

Redfin

APRIL 13, 2022

Simply put, a rent-to-own home is a residential property that you agree to live in as a rental for a set number of years with the option to purchase the house at the end of the rental term. With most rent-to-own agreements, the renter pays an additional monthly payment that goes toward the down payment. What is a rent-to-own home?

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Purchase and sale agreement Equity Mortgages Due diligence 68

HomeLight

NOVEMBER 29, 2021

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. Almost everyone who hears the term knows it often involves a large sum of money, one that may feel beyond reach, but many do not know exactly what a down payment entails. Does it really have to be 20%? Jumbo loans.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 83

HomeLight

SEPTEMBER 27, 2022

In cities with hot housing markets and real estate inventory shortages, homeowners are receiving unsolicited offers to buy their homes from investors, wholesalers, and house flippers who purchase homes at a discount and sell them for a profit to another buyer. Some charge closing costs, a minimum fee, or a percentage of the sale price.

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Purchase and sale agreement Closing costs Brokerage Agents 82

HomeLight

APRIL 14, 2023

In this post, we’ve researched the expenses related to buying a home in California and gathered expert insights to help you understand just how much closing costs will set you back before you make the biggest purchase of your life. So if you’ve got enough equity in your home, you won’t have to worry about coming up with cash at closing.

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Closing costs Closing Purchase and sale agreement Title 87

HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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Purchase and sale agreement Investor Equity Closing 80