HomeLight

FEBRUARY 26, 2021

These are all items that you may see listed for sale “as is” on sites like Facebook Marketplace or Craigslist. So how do “as is” sales in furniture and retail translate to “as is” sales in real estate? A couch with a red wine stain. An iPad with software issues. A car with a few dents and scratches.

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As-is Sales Inspection Investor 97

Realty Biz

JULY 19, 2022

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. 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.

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Purchase and sale agreement Short sale Loans Inspection 102

Point2Homes

DECEMBER 8, 2020

However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. A backup offer is not uncommon in real estate sales. A backup offer is not uncommon in real estate sales.

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

McKissock

NOVEMBER 13, 2020

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous. It is a good idea to take another person along when inspecting REO properties. Come prepared.

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Inspection Short sale Title Real-estate owned 88

Realty Biz

MARCH 2, 2023

Read on to discover how to find cheap houses for sale. Look at Short Sales or Foreclosures When the owner fails to pay their mortgage, the lender can take back the property and evict the occupants. With the house vacant, they can put it up for sale on the market. In some cases, a real estate agent can act as a wholesaler.

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Sales MLS Short sale Banks 121

CT Homes

MARCH 7, 2024

Higher equity means more profit from the sale that goes directly into your pocket, making understanding your home’s equity crucial when planning to sell. This figure represents how much you need to pay to settle your mortgage in full at the time of sale. However, the reality is far more flexible and, dare we say, optimistic.

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Purchase and sale agreement Mortgages Equity Short sale 78

Realty Biz

NOVEMBER 18, 2021

But don’t mistake a BPO for a home inspection. A professional home inspection is much more thorough about looking for damage and repairs needing to be made. One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. The broker’s opinion, in other words. When to Use a BPO.

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Short sale Inspection Loans Banks 111

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. is not a simple or finite one.

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Closing Purchase and sale agreement Title search Earnest money deposit 111

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. Mortgage interest rate : The price of borrowing money.

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Pre-approval Pre-qualification Title search Inspection 61

Realty Biz

SEPTEMBER 23, 2023

Buyer agents play a crucial role in real estate transactions. They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Understanding the difference between buyer and seller's agents and how buyer's agents are compensated is essential.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

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

Realty Biz

MAY 8, 2023

Non-market decision The Multiple Listing Service (MLS) does not list all properties for sale. These off-market sales tend to be highest in areas where the housing market is most competitive. Homes cannot be listed in the early stages of foreclosure if the seller has tenants and does not want to let them know the home is for sale.

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Marketing MLS Inspection Investor 98

HomeLight

AUGUST 31, 2021

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. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

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Pre-approval Short sale Banks Finance 99

HomeLight

JUNE 8, 2021

Myles Daniel , a real estate investor in Greenville, SC, spoke with HomeLight about the types of challenges or situations that can require a fast sale. Indeed, as someone who needs to sell your house fast, you could be facing any one of these common scenarios where a lengthy sale process would cause enormous stress and financial strain.

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Short sale Agents Sales Days on market 109

CT Homes

OCTOBER 13, 2023

An auction might quicken the sale, but there’s a hefty risk of your home being sold for much less than it’s worth. The last option, a short sale – when the home is sold for less than the outstanding mortgage – is another path. Navigating through the waters of foreclosure is, without doubt, a daunting task.

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Short sale Inspection Closing Sales 74

HomeLight

SEPTEMBER 1, 2020

In a normal home sale, if the home inspection finds issues, you can negotiate with the seller. Typically, banks build the home’s condition into their asking price, which is why these sales can be cheaper than a non-distressed house in the same neighborhood. Could you finally have a chance to make it yours?

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Banks Agents Sales Short sale 85

HomeLight

DECEMBER 31, 2020

Statistics from the National Association of Realtors show that 30% of closings in October 2020 were delayed because of complications, including issues related to financing, appraisals, home inspections, titling, distressed property, or contract contingencies. Navigate short sale or foreclosure hurdles and complexities.

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Title Short sale Inspection Closing 97

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

MARCH 18, 2022

A week is a short amount of time to accomplish any major project, let alone a task as complicated as selling a house. However, you aren’t the first seller to need a housing market express lane , and you do have options to improve your shot at a quick sale. Selling your house for cash is a creative way to land a quick sale.

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Inspection Investor Sales Agents 99

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. What is a short sale?

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Short sale Sales Pre-approval Equity 85

Point2Homes

JUNE 4, 2021

In rare cases, you can request a home inspection ; however, these inspections have limitations. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget.

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Title search Title Inspection Short sale 96

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

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

MARCH 23, 2023

But no matter the timing, experts agree that it’s important to identify some essential cooperative actions that can lead to a successful sale. Dividing up responsibilities for a successful sale Who is responsible for updating the other party on the status of the sale? Unsure What to Do With the House? need to be met (i.e.,

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Short sale Sales Agents Inspection 86

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

Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. Is the bubble bursting?

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New Construction Equity Short sale Construction 105

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. Looking to sell a house “as is” in Maryland? They want to sell as-is.”. Disclosures.

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As-is Inspection Investor Closing costs 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.

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Banks Inspection contingency Inspection FHA loan 79

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

Marco Santarelli

OCTOBER 23, 2023

If you are looking for cheap homes for sale in California , you might be wondering if it is possible to find any properties under 50k. One of the easiest ways to find cheap homes for sale in California is to use online platforms that aggregate listings from various sources, such as Realtor , Redfin , Zillow , Point2 , or PropertyShark.

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Due diligence Banks Short sale Sales 52

HomeLight

NOVEMBER 10, 2021

The term iBuyer encompasses a list of companies including Opendoor, Offerpad, Zillow, Redfin, and HomeLight (we offer iBuying services through our Simple Sale and Trade-In platforms). Some iBuyers will perform an inspection and may reduce their offer price based on what they find out about the home’s condition.

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Home sale contingency Sales Closing Short sale 96

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.

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Agents Title Inspection Title search 95

HomeLight

AUGUST 31, 2020

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. You will also have to expect a drawn-out process and condition issues, and you’ll have to button up your insurance and inspection processes.

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Banks Inspection Inspection contingency Title 94

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

DECEMBER 30, 2021

Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. Buying a house is a pretty big deal. If you work with a buyer’s agent, you’ll sign a contract. At some point, you might ask yourself: Should a lawyer be involved? At some point, you might ask yourself: Should a lawyer be involved?

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Purchase and sale agreement Title Short sale Closing 77

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. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Looking to sell a house “as is” in North Carolina?

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As-is Purchase and sale agreement VA loan Inspection 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 Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Looking to sell a house “as is” in Indiana?

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As-is Purchase and sale agreement Inspection Closing costs 98