Realty Biz

SEPTEMBER 23, 2023

Whether it's residential, commercial, or investment properties, working with an agent with expertise in your desired area can be highly beneficial. We will cover the difference between prequalification and pre-approval and provide information on down payment and financing options.

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

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. To figure out the best place to find REO homes, we did a lot of digging and looked at banks, the U.S.

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Agents Banks MLS Title 77

HomeLight

JANUARY 13, 2022

In these cases, a buyer already has an offer on their previous home, but they need to make sure the sale closes (or “settles”) in order to buy their new house. Financing contingencies. And if you can’t get financed for the house, you won’t still be obligated to buy it — a big benefit! Bank or court approvals.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 72

Real Trends

JANUARY 25, 2023

Agents might want to focus on wealthy buyers or investors in private property or commercial real estate with or without investment property loans. Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing.

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Homeowner’s association Finance Agents Short sale 75

McKissock

JULY 21, 2021

But prequalifying real estate prospects—simply ensuring that they’ll be able to get financing if they need it and are serious about buying a home—can usually be done in a few minutes. If it’s going to be a mortgage, and the prospect hasn’t talked to a lender yet, that’ll be our next step: go to a bank see what products they offer.

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Purchase and sale agreement Finance Mortgages Agents 52

Marco Santarelli

DECEMBER 20, 2020

Have your financing option ready before you submit an offer as most sellers want to see a pre-approval letter before accepting an offer. This is why you need to find websites like LoopNet, Realtor.com, and Costar that offer only commercial and multi-family residential properties. This can help you avoid competition, bidding wars.

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Sales MLS Renovation Investor 64

HomeLight

JULY 31, 2021

That may not be a big deal to an investor who buys hundreds of properties a year, but for a buyer who’s banking their one big investment on a flip, the results can be devastating. You don’t need to have millions in the bank to invest in real estate. Trusted lender to safely finance the property. So should you try flipping?

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Investor Equity Renovation Mortgages 85