HomeLight
AUGUST 31, 2020
Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. The reality is, there are a variety of substantial pros and cons that any would-be buyer should weigh seriously before purchasing a bank-owned property.
HomeLight
SEPTEMBER 1, 2020
If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?
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HomeLight
JUNE 29, 2021
We asked Latif to break down how to evaluate cash offers from both traditional homebuyers and direct buyers like investors. Cash offers do often come from investors, but they also come from first and second-time homebuyers.”. Investors and flippers. Investors and flippers. Home inspection contingency.
HomeLight
SEPTEMBER 30, 2020
The purchase contract will most likely still include an inspection contingency , which gives buyers a built-in window to walk away. Under the inspection contingency, the buyer asks you to repair it (even though you listed as is). And a buyer makes an offer. It might go a little something like this.
HomeLight
AUGUST 25, 2020
Using input from a top agent and some experienced real estate investors, we’ve put together this in-depth guide to help you understand the process, pinpoint the biggest time-wasters, and learn what actions you can take to get from listing to closing as quickly as possible. What factors impact the selling timeline? Get the price right.
HomeLight
AUGUST 31, 2021
From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan.
HomeLight
OCTOBER 30, 2020
People think that a wire from their financial institution — it might be a stock trading institution or a foreign bank — they assume that all wire transfers take the same amount of time,” reveals Jordan Clarke, a top California agent who completes 13% more transactions than the average Carlsbad agent. Source: (dc_slim / ShutterStock).
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