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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

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. Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Verify past sales. Closing costs.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. This is the amount of a property that a person (not the bank) actually owns. A third party holds funds in escrow during the real estate transaction, releasing them at closing. Generally, this refers to earnest money funds.