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 89

The Residential Specialist

FEBRUARY 27, 2024

Real estate is no exception; high-dollar sales mean creative con artists bring their A-game. Be aware It’s hard, especially when you are hungry to make a sale, to remember that things that sound too good to be true are usually just that. It is better to lose a sale than to be defrauded. But it definitely isn’t enough.

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Earnest money deposit Proof of funds Due diligence Title 98

HomeLight

JUNE 29, 2021

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. A cash offer may come from a homebuyer with liquid funds who wants an edge over the competition.

Inspection contingency 57

Inspection contingency Proof of funds Inspection Pre-approval 57

HomeLight

SEPTEMBER 9, 2020

Once you’ve figured out where the money is coming from, it will be easier to take the next step: getting proof that you have the cash. Obtain proof of funds from the bank. Providing a proof-of-funds letter is more secure than forking over a bank statement, which contains sensitive information.

Inspection contingency 104

Inspection contingency Proof of funds Inspection Title 104

HomeLight

APRIL 5, 2024

If you’re a homeowner in Oklahoma seeking a fast sale without the burden of listing on the open market, connecting with a cash buyer could be the stress-free solution you’re looking for. In this guide, we’ll explain how to find and sell to Oklahoma cash home buyers and walk you through the entire cash sale process, step-by-step.

Proof of funds 96

Proof of funds Sales Due diligence Investor 96

HomeLight

MAY 8, 2024

In this guide, we’ll explain how to find reputable cash home buyers in Denver and outline the advantages of a cash home sale. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. If a buyer hesitates to provide this proof, consider it a red flag.

Proof of funds 98

Proof of funds Due diligence Investor Agents 98

Realty Biz

SEPTEMBER 28, 2022

Most buyers don’t usually have a large amount of money, so they often use their banks’ financing to help them buy homes. The home will serve as the security for the bank’s investment. They must ensure that they can recover any lost funds if the borrower fails to repay them. Fewer Hiccups Than In A Traditional Sale.

Purchase and sale agreement 75

Purchase and sale agreement Inspection Investor Closing costs 75

HomeLight

JUNE 7, 2022

Go with the turn time that the lender states and then add an extra day to it, just to be safe,” says Richie Helali, a mortgage sales leader with HomeLight Home Loans who gave us the inside scoop on how long a mortgage preapproval really takes. Some banks may take a couple of days. W-2 employees. Two recent pay stubs.

Mortgages 98

Mortgages Loans Lending Proof of funds 98

HomeLight

APRIL 14, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 86

Purchase and sale agreement Closing costs Closing Sales 86

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

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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Sales Investor Due diligence Renovation 80

HomeLight

JUNE 19, 2023

Get Started Step 1: Find the land for sale You won’t always be lucky enough to drive past a plot of land that’s the perfect investment opportunity for you. LandWatch is a free online resource you can use to search for rural properties and land for sale. First, the seller is likely to want to see proof of funds.

Land 110

Land Proof of funds Purchase and sale agreement Title 110

HomeLight

SEPTEMBER 16, 2021

Handle any unique requirements of the sale. Below are some of the most common and effective ways to find one: Use Simple Sale. HomeLight’s Simple Sale platform makes it easy and safe to get a competitive cash offer in a matter of days. Find a cash buyer and request an offer. Evaluate the price and terms of your offer.

Title 101

Title Inspection Proof of funds Investor 101

HomeLight

JUNE 28, 2022

With the amount of money involved in a home sale, is it any wonder? In this article, we’ll walk you through the most common home buying scams, their warning signs, and how to make sure the money from your home sale stays in your pocket. Wire transfer scams could send your money to the wrong account, never to be seen again. Find Agent.

Proof of funds 89

Proof of funds Investor Title Agents 89

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66

HomeLight

MAY 24, 2022

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. A cash sale: Start to finish. With a cash sale, you can skip a few steps in the typical closing process. Average Price Point. Single Family Homes.

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Purchase and sale agreement Closing Title search Title 106

HomeLight

FEBRUARY 16, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 81

Purchase and sale agreement Closing costs Closing Investor 81

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. Reports from the National Association of Realtors show that nearly a quarter of existing home sales were made with all-cash in the spring of 2021 — but how do you go about finding your cash buyer?

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

Redfin

SEPTEMBER 3, 2022

Bank statements: To secure a mortgage, your lender will want a snapshot of all funds coming and going from your bank account for the past 30-60 days. Proof of funds (POF): A POF is a lender-issued document showing how much money a person has to cover the purchase costs. Here’s a list of documents you will need: .

Pre-approval 66

Pre-approval Mortgage pre-approval letter Closing costs Proof of funds 66

HomeLight

APRIL 26, 2023

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner in Alabama. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 69

MLS Agents Sales Proof of funds 69

HomeLight

NOVEMBER 23, 2022

When the time comes to move, some tenacious homeowners in West Virginia are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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MLS Agents Sales Closing 83

HomeLight

MAY 25, 2023

When the time comes to move, some tenacious homeowners in North Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 85

MLS Pre-approval Agents Sales 85

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in Louisiana are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 86

MLS Agents Sales Land 86

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 77

Purchase and sale agreement MLS Pre-approval Agents 77

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 a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Comparable sales (comps).

Purchase and sale agreement 98

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

HomeLight

OCTOBER 14, 2022

When the time comes to move, some tenacious homeowners in Illinois are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 74

MLS Agents Sales Mortgage pre-approval letter 74