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Top Tips and Considerations For Buying Land

Realty Biz

Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. That could include personal use, but if you’re buying it as an investment, get clear on your exit and marketing strategies. Banks, credit unions, and specialized lending companies offer land loans.

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A Comprehensive Guide to Finding the Best Foreclosures in Your Area

Realty Biz

Foreclosures, in particular, offer a unique opportunity to purchase properties at below-market rates. Researching Foreclosures Start your search by understanding the real estate market in your area. Auctions: Properties not sold in the pre-foreclosure stage go to auction. This desire can create negotiation opportunities.

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7 Reasons to Sell Your House for Cash

HomeLight

Whether you’re facing financial difficulties or ready to downsize, it’s possible to sell your house for cash and avoid the traditional real estate market. No repairs, no staging, no showings — and close in as little as 10 days. Cash investors typically pay anywhere from 50% to 70% of market value.

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What Is an REO Property, and How to Buy One?

Point2Homes

Often, dealing with the bank directly can allow you to pace your home buying decision and even provide a better deal. Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. What Is an REO Property?

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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

It's essential to gather the necessary documentation, such as bank statements and pay stubs, to support your application. Additionally, having a pre-approval letter demonstrates to sellers that you are a serious buyer and increases your chances of accepting your offer in a competitive market.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Keep in mind that fees may vary widely based on your location, market conditions, and whether your home requires repairs before selling. Source: (Clay Banks / Unsplash). Depending on other factors such as your location, your home’s condition, and current market conditions, that estimate can run up to 10%. Seller concessions.

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Wait! Read This Before You Sell Your House for Cash

HomeLight

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. Translating that to real estate terms, selling a house for cash goes something like this: Request an offer: You skip the staging and showing process and go straight to requesting an offer. You get paid!