HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Perhaps you’re relocating for your dream job in two weeks, but you don’t have the time or money to replace the roof on your University Place ranch that has sprung a leak. The newbie with little experience doesn’t have the money to keep it long term.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

AUGUST 9, 2022

So the down payment is due at closing? As we mentioned, your lender will need to see that you do actually have the money as part of your loan approval process — a current bank statement will usually suffice — but you won’t need to transfer it out until closing day. The rest of the down payment will be due at the closing table.

Earnest money deposit 109

Earnest money deposit VA loan Purchase and sale agreement FHA loan 109

HomeLight

MARCH 22, 2022

Who doesn’t love the charm that popular Netflix shows (we’re looking at you, Outer Banks ) make us weep to call home? All in all, North Carolina is homebuyer-friendly compared to the national median of a single-family home sale at $353,600 in 2021. “I Ever heard of the due diligence fee in North Carolina?

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Due diligence Closing costs Earnest money deposit Loans 104

HomeLight

OCTOBER 30, 2020

And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Make sure you carefully understand all the tenant lease agreements and do your due diligence with your agent before buying an occupied rental property.

Closing 113

Closing Inspection contingency Title search Purchase and sale agreement 113

HomeLight

OCTOBER 29, 2020

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. If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk. Sales contingency.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 80

HomeLight

MAY 24, 2022

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.”. But other than reaching the closing table faster with cash, another advantage to a cash offer is that it saves you money long-term. A cash sale: Start to finish.

Purchase and sale agreement 109

Purchase and sale agreement Closing Title search Title 109

HomeLight

JUNE 9, 2023

In other cases, the seller lends the buyer an amount that’s in addition to their traditional mortgage to make up the difference between the amount approved by the bank and the agreed on price of the house. You’ll want to get their tax information, their job history, and what kind of bank reserves they have. That’s a 10% gap.”

Finance 98

Finance Earnest money deposit Lending Loans 98

HomeLight

JULY 31, 2021

The bills are stacking up or perhaps you lost some income recently, and the money tied up in your home would help a ton at a time like this. 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. If only there were a way to — poof! Good bones.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

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. Comparable sales (comps).

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97