HomeLight

OCTOBER 5, 2020

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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Short sale Sales Banks Due diligence 62

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 58

Short sale Sales Pre-approval Closing costs 58

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.

As-is 101

As-is Inspection Investor Closing costs 101

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. 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. MLS has field to mark a listing “as is”?

As-is 90

As-is Purchase and sale agreement Inspection Closing costs 90

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. Median sales price in Maryland. MLS has field to mark a listing “as is”? They want to sell as-is.”. Disclosures.

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As-is Inspection Investor Closing costs 94

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 67

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.

As-is 86

As-is Inspection Investor Sales 86

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. MLS has field to mark a listing “as is”? “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Request Cash Offer.

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As-is Purchase and sale agreement VA loan Inspection 79

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. Distressed sales accounted for just 1% of all home sales in April 2021. Let’s take a look at the most common foreclosure sales and how they work. Short sale. Undoubtedly your mind starts racing, “What does that mean?

Pre-approval 92

Pre-approval Short sale Banks Finance 92

Point2Homes

DECEMBER 8, 2020

However, before the sale can go to closing, certain contingencies must be met. Pending listings are those in which the contingencies have been met and the legal documents just need to be finalized for the sale to close. A backup offer is not uncommon in real estate sales. Image: Doubletree Studio / Shutterstock.com.

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

The Close

APRIL 30, 2024

Pricing real estate is an art and science. When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. We also need to know how to have a price reduction conversation with our clients since pricing for homeowners can be emotionally driven. But it’s critical to dig deeper.

Agents 80

Agents Short sale Staging Sales 80

Point2Homes

JUNE 4, 2021

The local government websites are a good starting point, but you can also check out real estate websites, MLS reports and even local newspapers. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget. Find Local Listings. Establish a Budget. Attending the Auction.

Title search 96

Title search Title Inspection Short sale 96

HomeLight

AUGUST 16, 2021

What is an REO sale? If it sells, the lender recoups some of the outstanding loan amount through the sale. You can look for these homes on the multiple listing service (MLS) or on various auction sites. There is never a perfect investment situation. Source: (Andre W. Nguyen / Unsplash). Finding REO homes: How the experts do it.

Banks 103

Banks Pre-qualification Investor Short sale 103

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. Active contingent. What About ARMs?

Purchase and sale agreement 98

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

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. Keep it simple with HomeLight’s Simple Sale platform. Benefits of real estate cash buyers.

Sales 89

Sales Investor Renovation Due diligence 89

HomeLight

FEBRUARY 9, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. Like many other areas in the U.S., percent in 2023.

House Flipping 80

House Flipping Hard money loan Finance Investor 80

HomeLight

FEBRUARY 4, 2022

This happens in one of two ways : through the local court or sheriff’s office in a judicial foreclosure, or through the mortgage company in a power of sale or non-judicial foreclosure. The bank will then work with a listing agent to list the home on the MLS. They’re all great ways to find REO homes in your area. What is an REO home?

Agents 76

Agents Banks MLS Title 76

HomeLight

FEBRUARY 24, 2023

After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

House Flipping 91

House Flipping Renovation Finance Agents 91

Marco Santarelli

DECEMBER 20, 2020

Most newbie investors are perplexed with the question of how to find investment properties for sale? What is an investment property for sale? Let’s learn how to find investment properties for sale. How To Find Investment Properties For Sale: Search For Off-Market Deals. You make the money when you buy it.

Sales 65

Sales MLS Renovation Investor 65

HomeLight

OCTOBER 27, 2021

Whereas with a preforeclosure, you have the ability to finance that transaction and the benefit of seeing the property. In fact, the homeowner might even have a plan to catch up on the mortgage, and in the end, the home won’t end up in any kind of sale.). Here, we’ll walk you through the steps from beginning to end.

Purchase and sale agreement 82

Purchase and sale agreement Inspection Homeowner’s association Title 82

HomeLight

JANUARY 19, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

House Flipping 92

House Flipping Inspection Renovation Finance 92

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.

Purchase and sale agreement 100

Purchase and sale agreement Title search Proof of funds Title 100

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

House Flipping 88

House Flipping Renovation Investor Finance 88

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. The median price for a single-family home in the U.S.

House Flipping 72

House Flipping Renovation Investor Finance 72

HomeLight

JANUARY 3, 2022

An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. In addition, the risks of a settlement cancellation or delay are higher with a traditional sale, especially if the buyer is purchasing the home with a mortgage.

Agents 89

Agents Title Inspection Title search 89

HomeLight

FEBRUARY 24, 2023

After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

House Flipping 68

House Flipping Inspection Renovation Finance 68

HomeLight

AUGUST 25, 2020

“The sellers that we’ve been able to help with their properties, it’s usually something along the lines of, their home might need some repairs, and they don’t have the finances to be able to pay for those repairs before it hits the market,” he says. Source: (Ryunosuke Kikuno / Unsplash). What does ‘off market’ mean in real estate?

Marketing 54

Marketing MLS Pre-approval Sales 54

HomeLight

SEPTEMBER 30, 2020

While investors are known to attend and bid at foreclosure auctions, you can do it, too. The key is to know where to look and understand the dynamics of the process. But how do foreclosure auctions work? Source: (Deelin / Pexels). What is a foreclosure auction? What is a foreclosure auction? Where can you find foreclosure auctions?

Due diligence 97

Due diligence Hard money loan Finance Banks 97

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

House Flipping 83

House Flipping Renovation Investor Finance 83

Kyle Handy

JANUARY 20, 2023

They want to sell their house without an MLS listing or an agent, so they list it on Zillow and wait for potential offers to come in. They’re someone investing in and improving their community. They’re putting old and damaged housing stock back onto the market. It only makes sense. Zillow, Trulia, Etc. This is a mixed bag today.

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

HomeLight

MAY 10, 2021

Advocating for your best interests in the sale, including on price and other contract negotiations. Let’s be honest: If you’re a first-time buyer or relatively new to the real estate game, the whole thing can feel totally confusing (no, it’s not just you!). For instance, an agent is an agent, right? Source : Dillon Kydd / Unsplash).

Agents 102

Agents Inspection Brokerage Closing 102

HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Bank-owned property sales work a little differently and can often take a bit longer.

Banks 75

Banks Inspection contingency Inspection FHA loan 75

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. Input your address, answer the short questionnaire, and we’ll provide you with an instant estimate. Can you sell a house you still owe money on? Check your home value.

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Mortgages Debt-to-income ratio Equity Closing costs 97

HomeLight

JULY 31, 2021

Whether you’re downsizing to a retirement home in Papago Park or looking to escape the realities of Phoenix’s 100-degree Halloweens, scary scorpions, and small yards — you can likely get cash for Phoenix residence in short order. We’ll cover the following: Cash-buying landscape in Phoenix: Under $700k market attracts cash in Phoenix.

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Investor Seller disclosure Sales Closing 82

Marco Santarelli

MARCH 15, 2021

Housing data by Bright MLS, Inc. It means that the demand from buyers is exceeding the current supply of homes for sale. The following housing report of the Philadelphia Metro Area is based on February 2021 Bright MLS housing data. Townhome unit sales volume (2,095) rose 22%. The same trend is predicted for 2021.

Marketing 126

Marketing Investor Sales As-is 126

HomeLight

OCTOBER 27, 2021

Property value is how much a house is worth (or would be worth) if the owner were to list it for sale today. Ricky Ruiz is an agent in Las Vegas who completes 15% more sales than other agents in his area. Real estate agents might help a seller determine how much a house is worth when it’s listed for sale. What is property value?

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Sales Title Agents As-is 70

Marco Santarelli

NOVEMBER 27, 2021

Short-term real estate investors have found success in Bakersfield over the last twelve months. 22 by personal finance website GOBankingRates, “50 Housing Markets That Are Turning Ugly,” based on risk variables like price appreciation, foreclosure rates, and marketing delays. Bakersfield real estate has appreciated 123.08

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Marketing Investor Sales As-is 93