HomeLight

FEBRUARY 14, 2022

It’s not terribly common to rent-to-own because most of the people who are in the rental situation are those who, for whatever reason, can’t get financing the conventional way through a bank. These possibilities can be stipulated in the rent-to-own agreement — which is also sometimes referred to as lease-purchase, or a lease-option agreement.

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Purchase and sale agreement Due diligence Finance Equity 78

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. Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

AUGUST 9, 2022

It’s the first financial move you’ll make in securing your new home purchase. Down payment due dates can be a bit of a gray area. To make a long story very short, your down payment is officially due at the time of closing. So the down payment is due at closing? Again, more on this later!).

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 88

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

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Loans Mortgages Title FHA loan 78

Redfin

MARCH 12, 2021

Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property. At this stage, various inspections, appraisals, and possibly other contingencies you had in the offer contact move forward to finalize the sale. .

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Earnest money deposit Purchase and sale agreement Due diligence Inspection 76

HomeLight

DECEMBER 30, 2021

We’ll also hear from Richie Helali of HomeLight Home Loans for an inside scoop on the loan-related documents for buying a house. Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common.

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Purchase and sale agreement Title Closing costs Seller disclosure 81

Marco Santarelli

SEPTEMBER 19, 2023

Secure financing: Determine how you will finance your investments, whether through traditional mortgages, private loans, or other creative methods. Be sure to conduct due diligence and fully understand the terms of the purchase agreement. Be sure to consider your budget and the potential risks involved.

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Purchase and sale agreement Finance Due diligence Investor 52

HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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Purchase and sale agreement Inspection Title Pre-approval 110

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: You lost your job.

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Closing Purchase and sale agreement Title Home sale contingency 102

HomeLight

SEPTEMBER 30, 2022

Their insight and experiences can help you avoid costly problems, prevent unpleasant surprises, and make a smarter purchase. It may be helpful and provide peace of mind to have someone in your corner whose primary obligation is to serve your needs, especially if you’ve never purchased a new construction home before.

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Construction Purchase and sale agreement New Construction Inspection 102

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. 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. Why do sellers love cash so much? Not always!

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Closing Inspection contingency Title search Purchase and sale agreement 107

HomeLight

OCTOBER 29, 2020

Because the stakes are high when it comes to property transactions, contingencies are written into the purchase agreement , and in most cases, action must be taken toward satisfying those contingencies within a certain time frame. In these cases, buyers make up the difference between the purchase price and the appraisal with cash.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. Give your loan officer full disclosure from the start – tell us everything.

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Closing Title search Purchase and sale agreement Title 63

HomeLight

JANUARY 25, 2021

House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. A traditional sale might be what you had in mind when you originally bought your home. Is the property damaged or are you facing a personal emergency?

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Purchase and sale agreement Investor Inspection Due diligence 100

Norada Real Estate

FEBRUARY 21, 2022

Looking to purchase and profit from a rental property? However, it requires due diligence, on your part, to ensure you get the best return on your investment. Just like any business, purchasing a rental property to earn monthly income can be a bit risky too. What are the comparable rents and purchase prices?

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Purchase and sale agreement Investor Due diligence As-is 110

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 67

HomeLight

JANUARY 27, 2021

And some states allow a kind of real estate deal known as dual agency — when an agent represents both the buyer and the seller in the sale. Once you have chosen an agent, you can expect to sign a buyer broker agreement to protect both of your interests. They also require your bank statements , your pay stubs. Making the offer.

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Agents Purchase and sale agreement Debt-to-income ratio Due diligence 78

HomeLight

NOVEMBER 30, 2022

We analyze millions of home sales to find buyer’s agents who will show you the perfect home with the right price. While old-fashioned methods of picking a real estate agent like referrals and for-sale signs are valuable in your search, the ever-evolving internet offers a wealth of immediate resources. Leverage technology.

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Agents Purchase and sale agreement Technology Seller concession 107

Marco Santarelli

AUGUST 17, 2020

We’re not going to tell you where to go to find a real estate investment loan or good building contractor; you can find recommendations in those areas almost anywhere. ® offers a comprehensive list of for-sale properties, as well as the information and tools to make informed real estate decisions. Operated by Move, Inc., Realtor.com®

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Purchase and sale agreement Investor Land MLS 107

Marco Santarelli

AUGUST 18, 2020

In June, the pending sales of single-family homes jumped 43.6 percent from 1,187 homes put under agreement in May, and condo pending sales climbed and even more impressive 51.7 percent from 782 units placed under agreement in May, according to GBAR. The median sale price was $679K. year-over-year.

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Marketing Purchase and sale agreement Investor Sales 124