Remove Banks Remove Due diligence Remove Equity Remove Proof of funds
article thumbnail

Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal.

Sales 79
article thumbnail

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

HomeLight

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. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In If only there were a way to — poof! Put a voice to a name. Verify past sales.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. The buyer does due diligence during the option period in Texas. But that’s no longer the case.

Sales 65
article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Due diligence period. Generally, this refers to earnest money funds.

article thumbnail

How to Sell a House By Owner in West Virginia: A Mountain State FSBO Guide

HomeLight

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot West Virginia real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 82
article thumbnail

How to Sell a House By Owner in Illinois: A Prairie State FSBO Guide

HomeLight

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Illinois real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 73