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13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

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?

Banks 98
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Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. While all-cash offers used to be relatively rare, they now make up 25% of all home sales. Investors are responsible for 20% of residential real estate sales in the U.S. Financing contingency.

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Tips for Buying a Foreclosure Property

Point2Homes

If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers. If you’re thinking about how to buy a home that’s in foreclosure, be sure to do your research because there are extra stages involved.

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Your Guide to What Home Inspectors Look For

HomeLight

After going through the stressful process of staging and showing your house, you’ve accepted an offer that exceeds your expectations. But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal.

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How to Sell a House As Is When You’re Done Getting Nickel and Dimed

HomeLight

you need to protect your sale price from sinking. With the average buyer negotiating $14,000 in savings from the inspection , your concerns are valid. Here we’ve compiled the myths and risks about an “as is” sale so you don’t go in blind. I’m selling this house as is.” And a buyer makes an offer.

As-is 101
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Countdown to Closing: How Long Does it Typically Take to Sell a House?

HomeLight

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. Your sale could be different. Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. Buyer’s financial situation.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale).