Remove Bankruptcy Remove Banks Remove Due diligence Remove Short sale
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Working Distressed Properties: How to Navigate and Win in This Evolving Market

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You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Links and Show Notes.

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How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

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Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. Everyone involved will need time to perform their due diligence. With a mortgage, the bank verifies that the buyer has the down payment available to close.

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Eliminating Stringent Contingencies: How to Make a Contingent Offer Stronger

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This indicates to the seller that you’ve been qualified to secure funding, and proves that you’re serious about buying since you’ve already gone to the trouble of talking with a bank. Short sale or bank approval contingencies. Buyers have to be willing to move forward with their due diligence right away,” says Lagrois.

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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

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Otherwise, you can arrange for a wire or bank transfer of funds that gets to the closing agent early (most likely via the title company). There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says.

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

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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. Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. If only there were a way to — poof! Put a voice to a name. Closing costs.