HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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Short sale Sales Banks Inspection 87

HomeLight

APRIL 5, 2024

Local and out-of-state investors have shown keen interest in the Sooner State due to its comparatively low home prices and promising income potential. Many agents maintain a Rolodex of investors for instances when a property just won’t sell, or the condition makes it unfit for listing on the open market.

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Proof of funds Sales Due diligence Investor 92

HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size.

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Proof of funds Investor Due diligence Closing 144

HomeLight

APRIL 14, 2023

House Heroes also provides sellers with a proof of funds bank statement. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. Closing costs: Sellers pay no closing costs; House Heroes charges no fees.

Purchase and sale agreement 83

Purchase and sale agreement Closing costs Closing Sales 83

HomeLight

SEPTEMBER 16, 2021

“A lot of sellers think selling a house ‘for cash’ means the buyer is going to show up with a briefcase full of money for them, but that’s not the case,” says Lucas Machado, a real estate investor and owner of House Heroes, LLC. “A Many agents are active in their local investor community and have an inside track to finding cash buyers.

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Title Inspection Proof of funds Investor 98

HomeLight

JUNE 28, 2022

They send bank and financial statements without even being asked, to “prove” they can afford to pay cash. While proof of funds is part of a legitimate cash deal , the information would always pass between your agents and the escrow company. The bogus investor buyer. You’re unable to verify proof of funds.

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Proof of funds Investor Title Agents 85

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. But Orlando’s cooling real estate climate with interest rates that nearly doubled since last year has taken its toll on investor activity. “In

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Sales Investor Due diligence Renovation 78

HomeLight

JULY 31, 2021

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. The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” says Andy Kolodgie , a real estate investor in Washington, D.C.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

FEBRUARY 16, 2023

While sweeping floors at first wasn’t as glamorous as HGTV shows, Matt learned the business and is now an investor, real estate broker, and house flipper. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. The company has 4.6

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Purchase and sale agreement Closing costs Closing Investor 79

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

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Sales Purchase and sale agreement Earnest money deposit Investor 64

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 you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Generally, this refers to earnest money funds.

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